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Property profile & analytics
OFF-MARKET
Office buildings
2811 Lafayette Blvd Norfolk, VA 23509-2567
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3388631
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1952
Total area
13,068 SF
Lot
0.17 ac (7,200 SF)
Zoning code
R-11
APN
43555000
UPID
US87-3388631
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
-
Provision Pros Inc Grocery & Convenience Store Food Market
-
Dr. R J. Stowell, MD Physician
-
ATM Atm
-
Scholastic Cuts Unisex Salon Barber Shop
-
Collier LLC Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Barry Duke · 1 yrs held
Barry Duke
since 2024
Last sale
$490,000
2 recorded transactions
Zoning & alternative use
R-11 · Norfolk, 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 Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,123
Tax year 2024
Assessed value
$409,800
Assessed 2024
Previous assessed
$409,800
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$57,600
Assessed improvement
$352,200
Land market value
$57,600
Improvement market value
$352,200
Total market value
$409,800
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
1952
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
13,068 SF
Lot
0.17 ac (7,200 SF)
Zoning code
R-11
APN
43555000
UPID
US87-3388631
Jurisdiction
NORFOLK CITY
Zoning & alternative use
R-11 · Norfolk, VA
Zoning R-11 · permitted uses
R-11 · Norfolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norfolk. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1952
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Barry Duke
Individual
Mailing address
1904 SEVERANCE CT, VIRGINIA BEACH, VA 23453-3648
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
$490,000
Barry Duke
Grubstake LLC
Warranty Deed
$390,000 · Grubstake LLC
Nov 8, 2017
$325,000
Amor LLC A Virginia Limited Liabili
Richard G Levin
Warranty Deed
$300,000 · Party III
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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