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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Retail space
3745 Shr Dr Virginia Beach, VA 23455-2973
Individually Owned
1-yr Hold
Free & Clear
Property ID
US87-2318487
Property summary
AI-generated overview
This exceptional 0.4-acre commercial land parcel, located at 3745 Shore Drive in Virginia Beach, VA 23455, presents a compelling investment opportunity for builders and developers. The property is zoned B2, offering flexibility for a variety of commercial uses. Currently on the site is an existing retail building of 2,510 square feet and a separate shed measuring 576 square feet. These structures could be repurposed, renovated, or removed to accommodate a new development. The property's prime location offers convenient access to the Chesapeake Bay, enhancing its appeal and potential for various commercial ventures. The auction date is scheduled for September 5th, 2023, at 12:30 PM, with live on-site bidding. Pre-auction offers will be considered. This is a rare chance to acquire a well-situated commercial lot in a thriving Virginia Beach location. Don't miss this chance to capitalize on this prime development opportunity. The property's latitude and longitude coordinates are 36.90778332394625 and -76.10224844303596 respectively.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
TYPE NOT SPECIFIED
Total area
2,510 SF
Lot
0.4 ac (17,254 SF)
Zoning code
B2
APN
14893897880000
UPID
US87-2318487
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
-
Chix Custom Cycles Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$934k
Blend (final)
Blend
$1.04M
Owner & transaction history
Cynthia Keppel Hellman · 1 yrs held
Cynthia Keppel Hellman
since 2025
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
B2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$885,000
+22.1%
Commercial (general)
$860,000
+18.6%
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
$1,170,000
ML approach
$1,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$725,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$885,000
Change: +22% · Conversion: Moderate
COMMERCIAL (GENERAL)
$860,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.00M (Apr 15 2025)
Last sale anchor
$1.00M
Apr 15 2025
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
$414 / 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
$5,718
Tax year 2024
Assessed value
$577,600
Assessed 2024
Previous assessed
$577,600
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$427,000
Assessed improvement
$150,600
Land market value
$427,000
Improvement market value
$150,600
Total market value
$577,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
2,510 SF
Lot
0.4 ac (17,254 SF)
Zoning code
B2
APN
14893897880000
UPID
US87-2318487
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$885,000
COMMERCIAL (GENERAL)
Est. value
$860,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1975
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Cynthia Keppel Hellman
Individual
Free & Clear · 1 yrs held
Mailing address
3745 SHR DR, VIRGINIA BEACH, VA 23455-2973
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Apr 15, 2025
$1,000,000
Cynthia Keppel Hellman
3745 Shore Drive LLC
Bargain & Sale Deed
—
Jan 10, 2023
$500,000
3745 Shore Drive LLC
Polkton Corporation
Quit Claim Deed
related
—
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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