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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Office buildings
2513 Lndg Rd Virginia Beach, VA 23456-3406
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0069962
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
FRAME
Total area
4,714 SF
Lot
2.49 ac (108,682 SF)
Zoning code
O1
APN
14947170900000
UPID
US87-0069962
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
-
The Studio Hampton Roads Virginia Beach Photography Service (Bike/Boat/Book/etc) Store
-
Leah Ariel Photography, LLC Wedding Service Photography Service
-
Sami Roy Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$950k
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.10M
Owner & transaction history
North Landing Investments LLC · 19 yrs held
North Landing Investments LLC
since 2007
6 recorded transactions
Zoning & alternative use
O1 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+91.3%
Commercial (general)
$1.6M
+86.0%
Retail stores
$1.4M
+56.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$880,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$870,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,665,000
Change: +91% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,615,000
Change: +86% · Conversion: Easy
RETAIL STORES
$1,365,000
Change: +57% · Conversion: Moderate
MEDICAL BUILDING
$1,110,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$232 / 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
$13,358
Tax year 2024
Assessed value
$1,349,300
Assessed 2024
Previous assessed
$1,349,300
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$587,200
Assessed improvement
$762,100
Land market value
$587,200
Improvement market value
$762,100
Total market value
$1,349,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
6
Bathrooms
1
Total area
4,714 SF
Lot
2.49 ac (108,682 SF)
Zoning code
O1
APN
14947170900000
UPID
US87-0069962
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
O1 · Virginia Beach, VA
Zoning O1 · permitted uses
O1 · 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
OFFICE BUILDING Current
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
1
Lot
2.49 ac
Current owner
From public records · entity-resolved
North Landing Investments LLC
Entity
Mailing address
108 55TH ST, VIRGINIA BEACH, VA 23451-2210
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
May 10, 2017
—
North Landing Investments LLC
—
Deed
related
$1,073,267 · Southern Bk
May 24, 2007
—
North Landing Investments LLC
Mahanes,alan W
Grant Deed
$1,440,000 · Heritage Bank
Oct 27, 2004
$425,000
Alan W Mahanes
Bouchard,frances S
Grant Deed
$340,000 · Resource Bank
—
—
North Landing Investments LLC
—
Deed Of Trust
related
$60,000 · Heritage Bank
—
—
North Landing Investments LLC
—
Deed Of Trust
related
$876,000 · Tidewater Busn Financing Corp
—
—
North Landing Investments LLC
—
Deed Of Trust
related
$1,073,267 · Southern Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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