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Property profile & analytics
FOR LEASE
Community centers
3636 Virginia Beach Blvd Virginia Beach, VA 23452
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-3073929
For Lease
1 / 2
$6,005,000
3636 Virginia Beach Blvd, Virginia Beach, VA 23452
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Construction
TYPE NOT SPECIFIED
Total area
40,233 SF
Lot
2.51 ac (109,423 SF)
Zoning code
B2
APN
14875488600000
UPID
US87-3073929
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
-
Neptune Cremation Service Cremation Service
-
Traditions Catering Take-out & Catering Catering Service
-
Regatta Center (Bike/Boat/Book/etc) Store
-
Traditions Catering & Events Take-out & Catering Catering Service
-
Happy Smoke & Vape (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.01M
Owner & transaction history
Rbc4 LLC · 7 yrs held
Rbc4 LLC
since 2018
2 recorded transactions
Zoning & alternative use
B2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$149 / 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
$62,085
Tax year 2024
Assessed value
$6,271,200
Assessed 2024
Previous assessed
$6,271,200
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,581,200
Assessed improvement
$4,690,000
Land market value
$1,581,200
Improvement market value
$4,690,000
Total market value
$6,271,200
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1988
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
40,233 SF
Lot
2.51 ac (109,423 SF)
Zoning code
B2
APN
14875488600000
UPID
US87-3073929
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
B2 · Virginia Beach, VA
Zoning B2 · permitted uses
B2 · 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.
Building & site characteristics
From public records
Year built
1988
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
2.51 ac
Current owner
From public records · entity-resolved
Rbc4 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
222 CENTRAL PARK AVE STE #1500, VIRGINIA BEACH, VA 23462-3033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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 1, 2022
—
Vb Regatra Center Associates LLC
—
Deed
related
$4,000,000 · Farmers Bank
Aug 13, 2018
$460,000
Rbc4 LLC
Regatta Ltd
Warranty 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.
Try Rey
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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