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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Community centers
2088 Independence Blvd Ste 100 Virginia Beach, VA 23453-4790
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0646331
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1998
Construction
TYPE NOT SPECIFIED
Total area
7,488 SF
Lot
0.94 ac (40,844 SF)
Zoning code
PDH1
APN
14852526370000
UPID
US87-0646331
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$400k
Blend (final)
Blend
$590k
Owner & transaction history
Nowcare Properties LLC · 11 yrs held
Nowcare Properties LLC
since 2015
3 recorded transactions
Zoning & alternative use
PDH1 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
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
$79 / 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
$17,719
Tax year 2024
Assessed value
$1,789,800
Assessed 2024
Previous assessed
$1,789,800
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$886,100
Assessed improvement
$903,700
Land market value
$886,100
Improvement market value
$903,700
Total market value
$1,789,800
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
Off-Market
Year built
1998
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Total area
7,488 SF
Lot
0.94 ac (40,844 SF)
Zoning code
PDH1
APN
14852526370000
UPID
US87-0646331
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.
Building & site characteristics
From public records
Year built
1998
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Nowcare Properties LLC
Entity
Mailing address
3241 WESTERN BR BLVD, CHESAPEAKE, VA 23321-5260
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Jul 17, 2015
$2,200,000
Nowcare Properties LLC
Bender Family Trust
Grant Deed
$1,870,000 · Branch Bk&tr
Oct 7, 2014
—
Robert A Kroll
Colman Debra E 2003 Trust
Grant Deed
related
$2,683,000 · Crockett Nat'l Bk
Jan 29, 2004
—
Morton A Bender
Kroll,robert A
Grant Deed
related
—
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.
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