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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Office buildings
4440 Shr Dr Virginia Beach, VA 23455-3046
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-2371677
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2018
Construction
FRAME
Total area
7,034 SF
Lot
0.73 ac (31,581 SF)
Zoning code
B1A
APN
14797727700000
UPID
US87-2371677
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
-
Carsen's Vent Professionals Washer & Dryer Repair Service Dryer Vent Cleaning Service
-
Cusp Untethered, PLLC Spa & Massage Center Alternative Medicine Practice
-
Cusp Dental Boutique Dental Office
-
Dr. Zaneta Hamlin Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.52M
Owner & transaction history
Bayville Medical Officer LLC A Virg · 8 yrs held
Bayville Medical Officer LLC A Virg
since 2017
1 recorded transaction
Zoning & alternative use
B1A · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.5M
+91.3%
Commercial (general)
$2.4M
+86.0%
Retail stores
$2.0M
+56.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,665,000
6.5%
$1,535,000
7%
$1,425,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,295,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,480,000
Change: +91% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,410,000
Change: +86% · Conversion: Easy
RETAIL STORES
$2,035,000
Change: +57% · Conversion: Moderate
MEDICAL BUILDING
$1,655,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,065,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±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
$216 / 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
$12,686
Tax year 2024
Assessed value
$1,281,400
Assessed 2024
Previous assessed
$1,281,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$460,200
Assessed improvement
$821,200
Land market value
$460,200
Improvement market value
$821,200
Total market value
$1,281,400
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
YES
Stories
1
Total area
7,034 SF
Lot
0.73 ac (31,581 SF)
Zoning code
B1A
APN
14797727700000
UPID
US87-2371677
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
B1A · Virginia Beach, VA
Zoning B1A · permitted uses
B1A · 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
OFFICE BUILDING Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (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
2018
Construction
FRAME
Heating
YES
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Bayville Medical Officer LLC A Virg
Entity
Mailing address
4104 HOLLY RD, VIRGINIA BEACH, VA 23451-2570
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2017
—
Bayville Medical Officer LLC A Virg
Blp Ventures LLC A Virginia Limited
Gift Deed
related
$984,000 · Townebank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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