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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Office buildings
2520 Nimmo Pkwy Virginia Beach, VA 23456-9125
Entity Owned
8-yr Hold
Free & Clear
Property ID
US87-2363110
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Construction
FRAME
Total area
11,472 SF
APN
14945390330001
UPID
US87-2363110
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
-
Probation & Parole District 23 Probation Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
$2.64M
Blend (final)
Blend
$2.34M
Owner & transaction history
Boyd Virginia Beach Dgs LLC · 8 yrs held
Boyd Virginia Beach Dgs LLC
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.3M
+56.8%
Medical building
$2.7M
+27.7%
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%
$2,505,000
6.5%
$2,315,000
7%
$2,150,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,115,000
Current use
RETAIL STORES
$3,315,000
Change: +57% · Conversion: Moderate
MEDICAL BUILDING
$2,700,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,740,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±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
$204 / 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
$18,787
Tax year 2024
Assessed value
$1,897,700
Assessed 2024
Previous assessed
$1,856,000
+2.2% YoY
Effective rate
0.99%
On assessed value
Assessed land
$491,900
Assessed improvement
$1,405,800
Land market value
$491,900
Improvement market value
$1,405,800
Total market value
$1,897,700
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
2015
Construction
FRAME
Heating
YES
Stories
1
Total area
11,472 SF
APN
14945390330001
UPID
US87-2363110
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
RETAIL STORES
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
2015
Construction
FRAME
Heating
YES
Stories
1
Current owner
From public records · entity-resolved
Boyd Virginia Beach Dgs LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 13470, RICHMOND, VA 23225-8470
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2017
$3,550,000
Boyd Virginia Beach Dgs LLC
Courthouse Office Building LLC
Grant Deed
—
Sep 29, 2014
$200,000
Courthouse Office Building LLC
Courthouse Marketplace Parcel
Grant Deed
related
—
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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