Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4774 Alicia Dr Virginia Beach, VA 23462-3858
    Back to Search
    Property profile & analytics

    4774 Alicia Dr, Virginia Beach, VA 23462-3858

    View on Map
    • Day care centers
    • 9,477 SF
    • 0.83 lot acres
    Off-Market
    Property ID
    US87-0898224
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Montessori Academy of Virginia / High School / Daycare Center

    Property Details for 4774 Alicia Dr

    Year built
    2009
    Construction
    FRAME
    Lot size
    0.83 lot acres
    Zone code
    B2
    Property type
    Day care centers
    APN
    14773160970000
    APU
    14773160970000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 3, 2008 — Montessori LLC Freeman,mcdonald Grant Deed $1.8M · Fulton Bank
    — — Montessori LLC — Deed Of Trust · related $2M · Fulton Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $450,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $621,000
      Market price range: $474k - $854k

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $575,000
      Current use
      INDUSTRIAL (GENERAL)
      $850,000
      Change: +48% Conversion: Difficult
      MEDICAL BUILDING
      $810,000
      Change: +41% Conversion: Difficult
      WAREHOUSE, STORAGE
      $585,000
      Change: +2% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.1398
    Latitude
    36.8322
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,165
    $354,500
    $1,379,300
    $1,733,800
    -
    $354,500
    $1,379,300
    $1,733,800

    Comparable in this City

    • Value Estimation by Request
      7,280 SF

      4847 Dolton Dr

      DAY CARE, PRE-SCHOOL
      4847 Dolton Dr, Virginia Beach, VA 23462-4408
      View Details
    • Value Estimation by Request
      4,055 SF

      424 Edwin Dr

      DAY CARE, PRE-SCHOOL
      424 Edwin Dr, Virginia Beach, VA 23462-4573
      View Details
    • Value Estimation by Request
      4,246 SF

      5369 Virginia Bch Blvd

      DAY CARE, PRE-SCHOOL
      5369 Virginia Bch Blvd, Virginia Beach, VA 23462-1897
      View Details
    • Value Estimation by Request
      3,416 SF

      601 Declaration Rd

      DAY CARE, PRE-SCHOOL
      601 Declaration Rd, Virginia Beach, VA 23462-2217
      View Details
    • Value Estimation by Request
      3,158 SF

      700 Hillingdon Ct

      DAY CARE, PRE-SCHOOL
      700 Hillingdon Ct, Virginia Beach, VA 23462-6455
      View Details
    • Value Estimation by Request
      4,950 SF

      313 Edwin Dr

      DAY CARE, PRE-SCHOOL
      313 Edwin Dr, Virginia Beach, VA 23462-4522
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      61,528 SF

      Class A Office Building

      61,528 SF Class A office building for sale.
      555 S Independence Blvd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing

      Retail-Leased Office Building with Parking

      First-floor retail space is paired with free covered parking in adjacent garages, positioning this building for steady downtown activity.
      4500 Main St, Virginia Beach, VA 23462
      View Details
    • Contact for pricing

      Class A Office Building

      11-story office building in Virginia Beach’s Town Center with free covered parking in nearby garages.
      283 Constitution Dr, Virginia Beach, VA 23462
      View Details
    • $415,000

      Virginia Beach Flex Space For Sale

      2,065 SF flex space in Virginia Beach, B2 zoning.
      5055 Euclid Rd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      11,780 SF

      Virginia Beach Office Building

      Office building with 11,780 square feet of space.
      380 Cleveland Pl, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      115,325 SF

      Industrial Property on 7.5 Acres

      Two warehouses on 7.5 acres, ideal for industrial use.
      5400 Virginia Beach Blvd, Virginia Beach, VA 23462
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      VA, Virginia Beach - Constitution Dr

      Flexible workspace in IA, West Des Moines - Valley West Drive
      2 Constitution Dr, Virginia Beach, VA 23462
      View Details
    • Contact for pricing

      Arrowhead Commerce Center For Rent

      Centrally located property with excellent interstate access and signage.
      5768 Arrowhead Dr, Virginia Beach, VA 23462
      View Details
    • Contact for pricing

      Freestanding Building in Virginia Beach

      Freestanding building in the heart of Virginia Beach Town Center.
      304 Kellam Rd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing

      Retail Space Near Town Center

      Retail space available adjacent to Virginia Beach Town Center.
      116 South Independence Blvd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Timberlake Center

      Retail space available in neighborhood shopping center.
      4239 Holland Rd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      11,995 SF

      Class A Office Space Available

      Class A office building with covered parking and signage.
      283 Constitution Dr, Virginia Beach, VA 23462
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4774 Alicia Dr
    Virginia Beach, VA 23462-3858
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4774 Alicia Dr, Virginia Beach, VA, 23462
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!