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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Medical Office Space
3296 Dm Nck Rd Virginia Beach, VA 23453-2614
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0388008
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
FRAME
Total area
5,527 SF
Lot
0.88 ac (38,333 SF)
Zoning code
O1
APN
14950389940000
UPID
US87-0388008
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
-
Dr. Sandra Glasson Physician
-
VetsNow! Veterinary Urgent Care Veterinary Clinic
-
Coastal Virginia Veterinary Dermatology Veterinary Clinic
-
Christine Voigt Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Cma Holdings Vb LLC · 4 yrs held
Cma Holdings Vb LLC
since 2022
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
O1 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+22.8%
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
$955,000
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
$1,090,000
6.5%
$1,010,000
7%
$935,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,300,000
Current use
RETAIL STORES
$1,600,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.05M (Jan 27 2022)
Last sale anchor
$1.05M
Jan 27 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
$184 / 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
$10,624
Tax year 2024
Assessed value
$1,073,100
Assessed 2024
Previous assessed
$1,073,100
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$200,400
Assessed improvement
$872,700
Land market value
$200,400
Improvement market value
$872,700
Total market value
$1,073,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Construction
FRAME
Heating
YES
Stories
2
Total area
5,527 SF
Lot
0.88 ac (38,333 SF)
Zoning code
O1
APN
14950389940000
UPID
US87-0388008
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
MEDICAL BUILDING Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING Current
RETAIL STORES
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
2009
Construction
FRAME
Heating
YES
Stories
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Cma Holdings Vb LLC
Entity
Free & Clear · 4 yrs held
Mailing address
648 MARGARET DR, CHESAPEAKE, VA 23322-1332
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2022
—
Cma Holdings Vb LLC
—
Deed
related
$840,104 · Bank Of America NA
Jan 27, 2022
$1,050,130
Cma Holdings Vb LLC
Glasson Enterprises LLC
Deed
—
Dec 20, 2010
$900,000
Glasson Ents LLC
Modlinger,ronald E
Grant Deed
—
Apr 6, 2004
$475,000
Ronald Modlinger
Morings,theodore JR
Grant Deed
—
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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