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Property profile & analytics
FOR SALE
Turn key restaurants

3713 Sandpiper Rd Virginia Beach, VA 23456

5,748 SF 2 ac lot Built 1960
Entity Owned 21-yr Hold Absentee Owner Free & Clear
Property ID
US87-1361291
Property summary
AI-generated overview

This exceptional 21.677-acre property in Virginia Beach, VA (APN 243-263-61400-000), presents a unique investment opportunity. Situated at the southernmost point of developable coastal land in Virginia, this site boasts breathtaking views and direct beach access via an existing easement. Located on the west side of Sandpiper Road, it enjoys a secluded setting adjacent to the Back Bay National Wildlife Refuge and the Sanctuary at False Cape condominium community. The property features 4.38 acres of developable uplands and includes 12 existing boat slips with potential for expansion. Zoned B-4, the land allows for a variety of high-density developments, including hotels, condominiums, multifamily residences, and short-term rentals, with a potential for up to 156 units. Utilities are available on-site. This offering provides unparalleled access to both the natural beauty of the refuge and False Cape State Park, as well as the urban amenities of Virginia Beach. The combination of prime location, zoning potential, and existing infrastructure makes this a truly remarkable development opportunity.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1960
Construction FRAME
Total area 5,748 SF
Lot 2 ac (87,120 SF)
Zoning code B4
APN 24326361400000
UPID US87-1361291
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
  • Back Bay Getaways Boat Rental Service
  • Sandbridge Life Realty Group Real Estate Agency
  • SBH Real Estate - Atlantic Sotheby's International Realty Real Estate Agency
  • 3713 Sandpiper Road Property Management Company
  • Virginia Beach Watersports Boat Rental Service Boat Club
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
$885k
Blend (final) Blend
$655k
Owner & transaction history
Office Building LLC · 21 yrs held
Office Building LLC
since 2004
4 recorded transactions
2018
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B4 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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