Technical
Financial
Distress signals
Property profile

2501 Atlantic Ave Virginia Beach, VA 23451

OFF-MARKET
Turn key restaurants
Property ID
US87-0691980
1,626 SF 0.01 ac lot Built 1999
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1999
Total area 1,626 SF
Lot 0.01 ac (400 SF)
Zoning code OR
APN 24281032700000
UPID US87-0691980

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
  • Hotel & Motel
  • Restaurant

Location

2501 Atlantic Ave Virginia Beach, VA 23451-3102
Virginia Beach metro Census 44004 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

Zoning & alternative use

OR · Virginia Beach, VA
Zoning description

Apply for a permit, submit applications or request inspections. Related Documents Flex suite application Portable storage container application Request for second electrical service Zoning verification letter application…

General category COMMERCIAL

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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