Entity Owned Property summary
AI-generated overview
Princess Anne Marketplace Medical Strip is a 14,720-square-foot neighborhood shopping center in Virginia Beach, Virginia, shadow-anchored by a Target property totaling 111,966 square feet. The center includes a Dunkin’ drive-thru and is occupied by tenants including Ivy Rehab, Jackson Hewitt Tax Service, and Acredale Animal Hospital. The property is positioned at the intersection of South Independence Boulevard and Princess Anne Road and is associated with a high-traffic retail area in the Hampton Roads MSA. The shopping center’s configuration supports uses such as retail and medical office, as well as general office space.
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
Current use
Occupant on record · Public records
-
Training Center Sports School
-
Medical Clinic
-
Medical Clinic
-
Medical Clinic
-
Accounting Firm Tax Preparation
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.99M
Blend (final)
Blend
$7.81M
Owner & transaction history
since 2022
Last sale
$8.6M
3 recorded transactions
Zoning & alternative use
PDH1 · Virginia Beach, VA
Zoning description
It is the intent not to create additional PD-H1 Districts, or to enlarge the limits of existing PD-H1 Districts. It is only the intent of this article to recognize those areas currently developed, being developed, or pro…
General category
PLANNED_DEVELOPMENT
Top alternative use upside
Auto repair, garage
$10.6M
+100.8%
Restaurant
$6.7M
+27.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.81M
Value range
$7.02M – $8.59M
±10% around blend
Estimated value / SF
$523 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$7.02M
blend $7.81M
$8.59M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,924 SF
Lot area
1.37 ac
Year built
1999
Stories
1
APN
14852557450000
Zoning
PDH1
Assessed value
$2,451,800
Annual tax
$24,273
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.99M
Range $2.27M – $9.84M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.81M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 39 sales
$353
+48%
County 39 sales
$353
+48%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $523/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+101%
vs current-use indication
Restaurant
Neighborhood: Shopping Center · current use
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.56M
Move the market yield to see immediate price impact.
Value / SF
$573
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$539k
$10.78M
$7.70M
$5.99M
$599k
$11.98M
$8.56M
$6.66M
$659k
$13.18M
$9.41M
$7.32M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
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, VAZoning PDH1 · permitted uses
PDH1 · Virginia Beach, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
It is the intent not to create additional PD-H1 Districts, or to enlarge the limits of existing PD-H1 Districts. It is only the intent of this article to recognize those areas currently developed, being developed, or pro…
General category
PLANNED_DEVELOPMENT
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PDH1
PLANNED_DEVELOPMENT
Jurisdiction
Virginia Beach, VA
Recorded code
PDH1
Official district
PDH1
Official district profile
What the municipal code says about PDH1
Zoning description
It is the intent not to create additional PD-H1 Districts, or to enlarge the limits of existing PD-H1 Districts. It is only the intent of this article to recognize those areas currently developed, being developed, or pro…
General category
PLANNED_DEVELOPMENT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PDH1 in Virginia Beach, VA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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