Property profile

405 Parliament Dr Virginia Beach, VA 23462

OFF-MARKET
Office buildings
Property ID
US87-1008835
8,524 SF 0.4 ac lot Built 1968
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1968
Construction TYPE NOT SPECIFIED
Total area 8,524 SF
Lot 0.4 ac (17,474 SF)
Zoning code B2
APN 14664995730000
UPID US87-1008835

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon
  • Home Health Care Service School
  • Dental Office
  • Dental Office
  • Business Networking Company

Location

405 Parliament Dr Virginia Beach, VA 23462-6311
Virginia Beach metro Census 46009 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$950k

Owner & transaction history

since 2013
7 recorded transactions
2023
Price N/A
2013
$330,000
2012
Price N/A
2012
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B2 · Virginia Beach, VA
Zoning description

The purpose of the B-2 Community Business District is to provide land needed for community wide business establishments. This district is intended for general application in the city. It is intended that, by the creation…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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