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Financial
Distress signals
Property profile

3257 Colechester Rd Virginia Beach, VA 23456

FOR SALE
Mobile home & RV parks
Property ID
US87-0768059
1,088 SF 50.89 ac lot Built 1980
Last sale Dec 2017 · $1,475,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
3257 Colechester Rd, Virginia Beach, VA 23456 For Sale
$4,800,000 1,088 SF
3257 Colechester Rd, Virginia Beach, VA 23456
View Listing

Property summary

AI-generated overview

This exceptional 50.89-acre waterfront RV park in Virginia Beach, VA, presents a unique investment opportunity. Boasting 110 sites (including 6 cabins and 10 tent sites), this Class B property, built in 1980 and renovated in 2023, offers a strong 5.09% cap rate and a substantial NOI of $305,186. The asking price is $6,000,000, translating to $54,545.45 per unit and $5,514.71 per square foot of the 1,088 square foot main building. Situated on Colechester Road (zip code 23456), this park…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$10k
Tax billed · 2024
Assessed value$1.06M
Assessed land$477k
Assessed improvement$580k
Effective rate0.99%

Value estimate

· Oct 2026
$155k
$140k – $171k
NOI build-up
Gross scheduled income$25k
Vacancy & credit loss−$1k
Operating expenses−$10k
NOI · 0.27% cap applied$13k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$97/SF
ZIP average, outlier-cleaned · 98 recorded sales of this use type
Observed band · Q1–Q3$72 – $122

Cap rate analysis

How does the asset earn?
0.27%
$13k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
AG1
The purpose of the AG-1 Agricultural District is to protect and preserve agricultural lands for agricultural functions, including agritou...
General categoryRESIDENTIAL
JurisdictionVIRGINIA BEACH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith8.6
Garden Center8.3
Catering Service8.1

Location

3257 Colechester Rd Virginia Beach, VA 23456
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 7 properties in this city
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable in this city
3 properties of the same type in this city
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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