Back to Search
Property profile & analytics
OFF-MARKET
Automotive properties
4949 Virginia Bch Blvd Virginia Beach, VA 23462-2621
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-3197678
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1970
Construction
TYPE NOT SPECIFIED
Total area
10,337 SF
Lot
6.61 ac (287,921 SF)
Zoning code
B2
APN
14770488370000
UPID
US87-3197678
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
-
Mercedes-Benz of Virginia Beach Service Center Auto Repair Shop
-
Sprinter of Virginia Beach Car Dealership
-
Mercedes-Benz of Virginia Beach Parts Department Auto Parts Store
-
Young Hearts For Homeless Foundation Charitable Organization Social Service Agency
-
Charles Barker Champions For Kids Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Charles Barker 4949 Property LLC · 3 yrs held
Charles Barker 4949 Property LLC
since 2022
Last sale
$23.5M
4 recorded transactions
Zoning & alternative use
B2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$111,391
Tax year 2024
Assessed value
$11,251,600
Assessed 2024
Previous assessed
$11,251,600
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$3,455,100
Assessed improvement
$7,796,500
Land market value
$3,455,100
Improvement market value
$7,796,500
Total market value
$11,251,600
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
YES
Buildings
3
Stories
1
Total area
10,337 SF
Lot
6.61 ac (287,921 SF)
Zoning code
B2
APN
14770488370000
UPID
US87-3197678
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
B2 · Virginia Beach, VA
Zoning B2 · permitted uses
B2 · 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.
Building & site characteristics
From public records
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Buildings
3
Lot
6.61 ac
Current owner
From public records · entity-resolved
Charles Barker 4949 Property LLC
Entity
Mailing address
4949 VIRGINIA BCH BLVD, VIRGINIA BEACH, VA 23462-2621
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2022
$23,500,000
Charles Barker 4949 Property LLC
Phillips Properties LLC
Special Warranty Deed
$24,000,000 · Mercedes Benz Financial Services Us
Aug 14, 2013
—
Phillips Properties LLC
Phillips,tench H JR
Quit Claim Deed
related
$6,500,000 · Suntrust Bank NA
Dec 21, 2012
—
Tench H Phillips JR.
Phillips Tench H JR Trust
Quit Claim Deed
related
—
—
—
Phillips Properties LLC
—
Deed Of Trust
related
$6,000,000 · Towne Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4949 Virginia Bch Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
