Technical
Financial
Distress signals
Property profile

2089 Salem Rd Virginia Beach, VA 23456

OFF-MARKET
Retail space
Property ID
US87-1536856
13,350 SF 2.11 ac lot Built 2013
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2013
Construction TYPE NOT SPECIFIED
Total area 13,350 SF
Lot 2.11 ac (91,912 SF)
APN 14748881790000
UPID US87-1536856

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
  • Pharmacy
  • Cosmetic Store
  • Bank Credit Union
  • Atm
  • (Bike/Boat/Book/etc) Store

Location

2089 Salem Rd Virginia Beach, VA 23456-1309
Virginia Beach metro Census 46216 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.58M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.97M
Blend (final) Blend
$6.56M

Owner & transaction history

since 2020
Last sale
$5.6M
1 recorded transaction
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $9.5M +145.0%
Restaurant $6.0M +55.9%
Neighborhood: shopping center $4.7M +22.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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