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Property profile & analytics
OFF-MARKET
Estimated value
$12,085,000
Community centers
4485 Virginia Bch Blvd Virginia Beach, VA 23462-3199
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-3252914
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1980
Construction
TYPE NOT SPECIFIED
Total area
60,015 SF
Lot
4.02 ac (175,024 SF)
Zoning code
B3
APN
14776449790000
UPID
US87-3252914
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
-
Ulta Beauty Cosmetic Store
-
Hand and Stone Massage and Facial Spa Spa & Massage Center
-
Barnes & Noble (Bike/Boat/Book/etc) Store
-
Five Below (Bike/Boat/Book/etc) Store
-
David's Bridal Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.09M
Owner & transaction history
Columbus Town Center LLC · 10 yrs held
Columbus Town Center LLC
since 2015
2 recorded transactions
Zoning & alternative use
B3 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$12,595,000
6.5%
$11,625,000
7%
$10,795,000
Alternative Use
Use
Estimation
RETAIL STORES
$17,350,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$12.09M
Range $10.88M – $13.29M · ±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
$201 / 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
$180,793
Tax year 2024
Assessed value
$18,261,900
Assessed 2024
Previous assessed
$18,261,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$10,151,400
Assessed improvement
$8,110,500
Land market value
$10,151,400
Improvement market value
$8,110,500
Total market value
$18,261,900
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1980
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
60,015 SF
Lot
4.02 ac (175,024 SF)
Zoning code
B3
APN
14776449790000
UPID
US87-3252914
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
B3 · Virginia Beach, VA
Zoning B3 · permitted uses
B3 · 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
RETAIL STORES
Est. value
$17.4M
RETAIL STORES
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
1980
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
4.02 ac
Current owner
From public records · entity-resolved
Columbus Town Center LLC
Entity
Free & Clear · 10 yrs held
Mailing address
4525 MAIN ST STE #900, VIRGINIA BEACH, VA 23462-3431
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2015
—
Columbus Town Center LLC
Fidelity Natl Title Ins
Quit Claim Deed
related
—
Jul 13, 2015
$21,930,910
Columbus Town Center LLC
Hk-vb LLC
Grant Deed
—
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.
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