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Property profile & analytics
FOR SALE
Commercial real estate
3649 Willow St, Chincoteague, VA 23336
Individually Owned
Absentee Owner
Free & Clear
Property ID
US87-2795258
For Sale
1 / 39
$350,000
3649 Willow St, Chincoteague, VA 23336
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Property summary
AI-generated overview
Investment opportunity in Chincoteague, VA! This 7,200 square foot executive office building, situated on a 0.52-acre lot at 3649 Willow St, is priced at $550,000 ($76.39/sq ft). Built in 1940, the property features 11 parking spaces and a handicap ramp. The building is a block structure with two customer bathrooms and an alternative septic system installed in 2007. The property is being sold "as-is," and requires a new roof and other repairs at the buyer's expense. Currently, a tenant operates a bowling alley business (not included in the sale) and may be interested in a two-year leaseback or a separate sale of their business and equipment. The property offers versatile potential for multiple retail stores, consignment shops, or office space. All measurements and details are approximate
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
APN
030A5A000059500
UPID
US87-2795258
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
-
Libertino Lanes Bowling Alley
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
BERNSTEIN DANIEL G
BERNSTEIN DANIEL G
Zoning & alternative use
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 Chincoteague submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chincoteague 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
$2,037
Tax year 2024
Assessed value
$531,800
Assessed 2024
Previous assessed
$482,100
+10.3% YoY
Effective rate
0.38%
On assessed value
Assessed land
$266,300
Assessed improvement
$265,500
Land market value
$266,300
Improvement market value
$265,500
Total market value
$531,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
APN
030A5A000059500
UPID
US87-2795258
Jurisdiction
ACCOMACK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Current owner
From public records · entity-resolved
BERNSTEIN DANIEL G
Individual
Free & Clear · 0 yrs held
Mailing address
4256 RDG RD, CHINCOTEAGUE ISLAND, VA 23336-3800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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