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Property profile & analytics
FOR SALE
Community centers
2076 S Independence Blvd Virginia Beach, VA 23453
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1228845
For Sale
1 / 4
$5,400,000
2076 S Independence Blvd, Virginia Beach, VA 23453
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1999
Construction
TYPE NOT SPECIFIED
Total area
14,924 SF
Lot
1.37 ac (59,648 SF)
Zoning code
PDH1
APN
14852557450000
UPID
US87-1228845
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Applied Martial Arts Academy Training Center Sports School
-
Ivy Rehab for Kids - ABA Therapy Medical Clinic
-
Ivy Rehab for Kids Medical Clinic
-
Ivy Rehab Physical Therapy Medical Clinic
-
Jackson Hewitt Tax Service Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.99M
Blend (final)
Blend
$8.17M
Owner & transaction history
Princess Anne I LLC · 4 yrs held
Princess Anne I LLC
since 2022
Last sale
$8.6M
3 recorded transactions
Zoning & alternative use
PDH1 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.6M
+100.8%
Restaurant
$6.7M
+27.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Virginia Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Virginia Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,805,000
ML approach
$7,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,265,000
Current use
AUTO REPAIR, GARAGE
$10,570,000
Change: +101% · Conversion: Difficult
RESTAURANT
$6,725,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,120,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$8.17M
Range $7.35M – $8.99M · ±10% · vs last sale $8.56M (Jun 22 2022)
Last sale anchor
$8.56M
Jun 22 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$547 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$24,273
Tax year 2024
Assessed value
$2,451,800
Assessed 2024
Previous assessed
$2,451,800
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$828,200
Assessed improvement
$1,623,600
Land market value
$828,200
Improvement market value
$1,623,600
Total market value
$2,451,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Sale
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
14,924 SF
Lot
1.37 ac (59,648 SF)
Zoning code
PDH1
APN
14852557450000
UPID
US87-1228845
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
PDH1 · Virginia Beach, VA
Zoning PDH1 · permitted uses
PDH1 · Virginia Beach, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Virginia Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$10.6M
RESTAURANT
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Princess Anne I LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1234 E 17TH ST, SANTA ANA, CA 92701-2612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
—
Princess Anne I LLC
—
Deed
related
$3,000,000 · Farmers & Merchants Bank Of Long Beach
Jun 22, 2022
$250,000
Princess Anne I LLC
Yale Virginia Beach Associates LLC
Bargain And Sale Deed
—
Jun 13, 2014
—
Yale Virginia Beach Associates
—
Deed Of Trust
related
$5,625,000 · Rait Fndg LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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