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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Industrial properties
2433 Castleton Commerce Way Virginia Beach, VA 23456-5497
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3681075
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Total area
24,000 SF
Lot
2.66 ac (116,087 SF)
Zoning code
I2
APN
24053222560000
UPID
US87-3681075
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
-
Rock Solid Surfaces Inc Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
$3.63M
Blend (final)
Blend
$3.50M
Owner & transaction history
2433 Castleton Vb LLC · 2 yrs held
2433 Castleton Vb LLC
since 2024
Last sale
$3.5M
6 recorded transactions
Zoning & alternative use
I2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.7M
+55.2%
Office building
$4.4M
+21.6%
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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
$2,620,000
6.5%
$2,420,000
7%
$2,245,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,640,000
Current use
MEDICAL BUILDING
$5,650,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$4,425,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Jan 5 2024)
Last sale anchor
$3.50M
Jan 5 2024
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
$146 / 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
$20,900
Tax year 2024
Assessed value
$2,154,600
Assessed 2024
Previous assessed
$2,154,600
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$533,100
Assessed improvement
$1,621,500
Land market value
$533,100
Improvement market value
$1,621,500
Total market value
$2,154,600
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2008
Heating
YES
Stories
1
Total area
24,000 SF
Lot
2.66 ac (116,087 SF)
Zoning code
I2
APN
24053222560000
UPID
US87-3681075
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
I2 · Virginia Beach, VA
Zoning I2 · permitted uses
I2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$5.7M
OFFICE BUILDING
Est. value
$4.4M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
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
2008
Heating
YES
Stories
1
Lot
2.66 ac
Current owner
From public records · entity-resolved
2433 Castleton Vb LLC
Entity
Mailing address
10900 PAULBROOK BLVD, MIDLOTHIAN, VA 23112-3374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2024
$3,500,000
2433 Castleton Vb LLC
David L Winfree
Bargain And Sale Deed
$1,000,000 · David L Winfree Etal
Jul 6, 2011
$1,200,000
David L Winfree
Mase I LLC
Grant Deed
$600,000 · Monarch Bank
Aug 5, 2008
$1,943,000
Mase I LLC
Delaware Corp
Grant Deed
$1,925,000 · Cit Small Business Lending Co
Apr 29, 2008
—
Delaware Corp
—
Deed Of Trust
related
$1,260,000 · Monarch Bank
—
—
David L Winfree
—
Deed Of Trust
related
$589,800 · Towne Bank
—
—
Mase I LLC
—
Deed Of Trust
related
$174,000 · Beach Commercial
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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