Technical
Financial
Distress signals
Property profile

4216 Virginia Beach Blvd Virginia Beach, VA 23452

FOR LEASE
Community centers
Property ID
US87-1077107
25,616 SF 2.48 ac lot Built 1984
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1984
Construction TYPE NOT SPECIFIED
Total area 25,616 SF
Lot 2.48 ac (107,898 SF)
Zoning code B2
APN 14779555730000
UPID US87-1077107

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
  • Business Service Center Corporate Office
  • Counselor
  • (Bike/Boat/Book/etc) Store
  • Insurance Agency
  • Medical Clinic

Location

4216 Virginia Beach Blvd Virginia Beach, VA 23452
Virginia Beach metro Census 45601 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.63M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.72M

Owner & transaction history

since 2021
Last sale
$2.3M
2 recorded transactions
2021
$2.3M
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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