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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Commercial real estate
2208 Seaford Rd Seaford, VA 23696-2511
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US87-3936529
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1956
Total area
7,650 SF
Lot
0.71 ac (30,928 SF)
Zoning code
NEIGHBORHOOD BUSINESS
APN
U09C-0297-1297
UPID
US87-3936529
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
-
Seaford Country Market Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$858k
Blend (final)
Blend
$785k
Owner & transaction history
Purvi Patel · 11 yrs held
Purvi Patel
since 2015
5 recorded transactions
Zoning & alternative use
NEIGHBORHOOD BUSINESS · Seaford, 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 Seaford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seaford 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$103 / 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
$4,436
Tax year 2024
Assessed value
$599,500
Assessed 2024
Previous assessed
$580,700
+3.2% YoY
Effective rate
0.74%
On assessed value
Assessed land
$76,000
Assessed improvement
$523,500
Land market value
$76,000
Improvement market value
$523,500
Total market value
$599,500
Applied tax rate
5,104,150.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1956
Heating
OIL
Cooling
CENTRAL
Stories
2
Total area
7,650 SF
Lot
0.71 ac (30,928 SF)
Zoning code
NEIGHBORHOOD BUSINESS
APN
U09C-0297-1297
UPID
US87-3936529
Jurisdiction
YORK
Zoning & alternative use
NEIGHBORHOOD BUSINESS · Seaford, VA
Zoning NEIGHBORHOOD BUSINESS · permitted uses
NEIGHBORHOOD BUSINESS · Seaford, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seaford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Heating
OIL
Cooling
Yes
Stories
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Purvi Patel
Individual
Mailing address
2208 SEAFORD RD, SEAFORD, VA 23696-2511
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2015
$580,000
Purvi Patel
Koutsos Andrea L
Grant Deed
$430,000 · Andrea L Koutsos
Nov 23, 2011
$250,000
Fulton Bk
Latchum Joseph H JR
Trustees Deed
related
—
Dec 28, 2006
$750,000
Dsv Enterprises LLC
Aramat LLC
Grant Deed
related
$510,000 · Resource Bank
—
—
Seaford Market LLC
—
Loan Modification
related
$223,117 · Newport News Shipbuilding Empl
—
—
Andrea L Koutsos
—
Deed Of Trust
related
$235,000 · Newport News Shipbuilding Cu
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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