New search
Property profile & analytics
OFF-MARKET
Estimated value
$12,970,000
Showrooms
3760 Virginia Bch Blvd, Norfolk, VA 23502-3200
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US87-3353784
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1972
Total area
174,826 SF
Lot
9.84 ac (428,587 SF)
Zoning code
BC-2
APN
32144400
UPID
US87-3353784
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
-
Land & Coates General Contractor Hardware & Home Improvement
-
Tidewater Power Equipment Company Big Box & Wholesale Store
-
MSI Virginia Beach Big Box & Wholesale Store Building Supply
-
Thurston Avenue Management Company Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.43M
Blend (final)
Blend
$12.97M
Owner & transaction history
3760 Vb Blvd LLC A Virginia Limited · 8 yrs held
3760 Vb Blvd LLC A Virginia Limited
since 2018
5 recorded transactions
Zoning & alternative use
BC-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$19.0M
+2.2%
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 Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$18,640,000
Current use
WAREHOUSE, STORAGE
$19,045,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$12.97M
Range $11.67M – $14.27M · ±10%
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
$74 / 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
$129,255
Tax year 2024
Assessed value
$10,340,400
Assessed 2024
Previous assessed
$10,126,700
+2.1% YoY
Effective rate
1.25%
On assessed value
Assessed land
$4,276,700
Assessed improvement
$6,063,700
Land market value
$4,276,700
Improvement market value
$6,063,700
Total market value
$10,340,400
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1972
Heating
SPACE
Cooling
YES
Stories
1
Total area
174,826 SF
Lot
9.84 ac (428,587 SF)
Zoning code
BC-2
APN
32144400
UPID
US87-3353784
Jurisdiction
NORFOLK CITY
Zoning & alternative use
BC-2 · Norfolk, VA
Zoning BC-2 · permitted uses
BC-2 · Norfolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norfolk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$18.6M
WAREHOUSE, STORAGE
Est. value
$19.0M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1972
Heating
SPACE
Cooling
Yes
Stories
1
Lot
9.84 ac
Current owner
From public records · entity-resolved
3760 Vb Blvd LLC A Virginia Limited
Entity
Mailing address
3760 E VIRGINIA BCH BLVD STE A, NORFOLK, VA 23502-3200
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2026
—
3760 Vb Blvd LLC
—
Deed
related
$2,200,000 · Pinnacle Bank
Mar 19, 2024
—
3760 Vb Blvd LLC
—
Deed
related
$431,920 · Townebank
Apr 5, 2022
—
3760 Vb Blvd LLC
—
Deed
related
$344,000 · Townebank
Apr 10, 2020
—
3760 Vb Blvd LLC
—
Deed
related
$3,701,000 · Business Finance Group INC
Feb 21, 2018
$7,250,000
3760 Vb Blvd LLC A Virginia Limited
Norfolk Industrial Associates Ltd A
Special Warranty Deed
$4,526,250 · Party III
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?”
You own 3760 Virginia Bch Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
