Technical
Financial
Distress signals
Property profile

460 Independence Blvd Virginia Beach, VA 23452

OFF-MARKET
Drive through restaurants
Property ID
US87-0240426
2,724 SF 0.72 ac lot Built 1982
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1982
Construction FRAME
Total area 2,724 SF
Lot 0.72 ac (31,363 SF)
Zoning code I1
APN 14765985250000
UPID US87-0240426

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
  • Take-out & Catering Catering Service
  • Pediatrician Physician

Location

460 Independence Blvd Virginia Beach, VA 23452-1106
Virginia Beach metro Census 45801 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2014
3 recorded transactions
2014
$555,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I1 · Virginia Beach, VA
Zoning description

The purpose of the I-1 Light Industrial District is to permit light industrial uses, wholesaling, storage, packaging, distribution, and retailing restricted primarily to operations requiring bulk deliveries by truck or v…

General category INDUSTRIAL

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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