Entity Owned Property summary
AI-generated overview
East Beach Village Square offers exceptional retail and office opportunities in Norfolk, VA. This Class A mixed-use development, completed in 2023, boasts two buildings totaling 30,300 square feet. Currently, 2,243 square feet are available, divisible into units as small as 428 square feet, with a maximum contiguous space of 1,160 square feet. The property features three suites in total, ideal for a variety of businesses. Located at 4201 Pleasant Ave, 23518, this highly visible location enjoys excellent traffic counts along Shore Drive (over 30,000 vehicles per day) and benefits from its proximity to a major military base (Little Creek) and a large employer, serving over 25,000 personnel. The property is also conveniently situated within fifteen minutes of Downtown Norfolk and Virginia Beach Town Center, providing access to a substantial consumer base. This vibrant waterfront community includes condominiums, townhomes, and other retail establishments, creating a thriving atmosphere. The available spaces are ready for immediate occupancy. The strong demographics and strategic location make this an exceptional investment opportunity.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2022
Total area
11,108 SF
Lot
0.22 ac (9,614 SF)
APN
51000047
UPID
US87-3390143
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.81M
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.64M
Owner & transaction history
since 2021
3 recorded transactions
Zoning & alternative use
Top alternative use upside
Office building
$2.2M
+69.8%
Auto repair, garage
$2.1M
+66.7%
Retail stores
$1.8M
+42.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.64M
Value range
$1.47M – $1.80M
±10% around blend
Estimated value / SF
$147 / SF
Confidence
High
13 county-verified comps
Property data
75
Market benchmarks
67
Comparable evidence
100
$1.47M
blend $1.64M
$1.80M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,108 SF
Lot area
0.22 ac
Year built
2022
APN
51000047
Assessed value
$2,781,100
Annual tax
$34,764
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.81M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.96M
@ 6.5% CAP return
$1.81M
@ 7% CAP return
$1.68M
4
Sales comparison
Partial preview
Sales approach indication
$1.37M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.2 mi away · 10,568 SF
11.3 mi away · 8,578 SF
13.5 mi away · 9,464 SF
15.0 mi away · 8,500 SF
17.3 mi away · 8,075 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.64M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 78 sales
$116
+27%
County 78 sales
$116
+27%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $147/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+70%
vs current-use indication
Auto Repair, Garage
Retail Stores
Industrial (general)
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.78M
Move the market yield to see immediate price impact.
Value / SF
$250
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$175k
$3.50M
$2.50M
$1.95M
$195k
$3.89M
$2.78M
$2.16M
$214k
$4.28M
$3.06M
$2.38M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$1.02M
5.2 mi · Jan 2026 · $77/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$34,764
Tax year 2024
Assessed value
$2,781,100
Assessed 2024
Previous assessed
$2,441,000
+13.9% YoY
Effective rate
1.25%
On assessed value
Assessed land
$201,900
Assessed improvement
$2,579,200
Land market value
$201,900
Improvement market value
$2,579,200
Total market value
$2,781,100
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Cooling
YES
Buildings
2
Total area
11,108 SF
Lot
0.22 ac (9,614 SF)
APN
51000047
UPID
US87-3390143
Jurisdiction
NORFOLK CITY
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
0.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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