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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Office buildings
4505 Colley Ave Norfolk, VA 23508-2030
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-3388442
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Total area
4,519 SF
Lot
0.2 ac (8,651 SF)
Zoning code
C-2
APN
62000
UPID
US87-3388442
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
-
Stackhouse, Nexsen & Turrietta PLLC Law Firm
-
Crescas Real Estate Real Estate Agency
-
Daniel Stoll, REALTOR® w/ Crescas Real Estate Real Estate Agency
-
Leigh Ana Milligan (Crocker) | REALTOR® Real Estate Agency
-
Micah at Crescas Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$920k
Owner & transaction history
Nfk Holdings LLC · 3 yrs held
Nfk Holdings LLC
since 2022
Last sale
$785,000
5 recorded transactions
Zoning & alternative use
C-2 · Norfolk, 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 Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk 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
$1,020,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
$1,110,000
6.5%
$1,025,000
7%
$950,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$890,000
Current use
AUTO REPAIR, GARAGE
$875,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$745,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $785k (Aug 16 2022)
Last sale anchor
$785k
Aug 16 2022
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
$204 / 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
$9,336
Tax year 2024
Assessed value
$746,900
Assessed 2024
Previous assessed
$738,500
+1.1% YoY
Effective rate
1.25%
On assessed value
Assessed land
$150,000
Assessed improvement
$596,900
Land market value
$150,000
Improvement market value
$596,900
Total market value
$746,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1964
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
4,519 SF
Lot
0.2 ac (8,651 SF)
Zoning code
C-2
APN
62000
UPID
US87-3388442
Jurisdiction
NORFOLK CITY
Zoning & alternative use
C-2 · Norfolk, VA
Zoning C-2 · permitted uses
C-2 · Norfolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norfolk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$875,000
RETAIL STORES
Est. value
$745,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1964
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Nfk Holdings LLC
Entity
Mailing address
4505 COLLEY AVE, NORFOLK, VA 23508-2030
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
—
Nfk Holdings LLC
—
Deed
related
$325,000 · 504 Capital Corporation
Aug 16, 2022
$785,000
Nfk Holdings LLC
North Colley Holding LLC
Warranty Deed
$392,500 · Southern Bank And Trust Company
Jun 24, 2016
—
North Colley Holding LLC
—
Deed
related
$511,000 · The Old Point National Bank Of Phoebus
Jan 22, 2008
$575,000
North Colley Holding LLC
Ovhc LLC
Deed
$700,000 · Townebank
Nov 6, 2007
$434,500
Ovhc LLC
Alfred E Abiouness
Deed
$435,000 · Bank Of The Commonwealth
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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