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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Apartment buildings
307 34th St Virginia Beach, VA 23451-2821
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US87-0247260
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2024
Construction
FRAME
Total area
8,992 SF
Lot
0.15 ac (6,742 SF)
Zoning code
OR
APN
24189382320000
UPID
US87-0247260
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
The Fountain LLC · 3 yrs held
The Fountain LLC
since 2022
Last sale
$715,000
7 recorded transactions
Zoning & alternative use
OR · Virginia Beach, 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 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
$650,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,035,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,015,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$770,000
Change: 0% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$760,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $715k (Dec 29 2022)
Last sale anchor
$715k
Dec 29 2022
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
$75 / 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
$9,529
Tax year 2024
Assessed value
$962,500
Assessed 2024
Previous assessed
$962,500
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$560,000
Assessed improvement
$402,500
Land market value
$560,000
Improvement market value
$402,500
Total market value
$962,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2024
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Rooms
17
Bathrooms
4
Total area
8,992 SF
Lot
0.15 ac (6,742 SF)
Zoning code
OR
APN
24189382320000
UPID
US87-0247260
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
OR · Virginia Beach, VA
Zoning OR · permitted uses
OR · 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
WAREHOUSE, STORAGE
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$770,000
INDUSTRIAL (GENERAL)
Est. value
$760,000
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
2024
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Rooms
17
Bathrooms
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
The Fountain LLC
Entity
Mailing address
4104 HOLLY RD, VIRGINIA BEACH, VA 23451-2570
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
—
The Fountain LLC
—
Deed
related
$2,080,000 · Powell Valley National Bank
Dec 13, 2023
—
The Fountain LLC
—
Deed
related
$1,708,681 · The Old Point National Bank Of Phoebus
Dec 29, 2022
$715,000
The Fountain LLC
Pxn Holdings LLC
Bargain And Sale Deed
—
Nov 30, 2021
$636,900
Pxn Holdings LLC
Damon Samuels
Bargain And Sale Deed
—
Apr 1, 2021
—
Damon Samuels
—
Deed
related
$130,000 · Edward C Barnes Etal
—
—
Damon Samuels
—
Deed Of Trust
related
$400,000 · Farmers Bank
—
—
Damon P Samuels
—
Deed Of Trust
related
$130,000 · Towne Bank
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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