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    Property profile & analytics

    500 Virginia Bch Blvd Virginia Beach, VA 23451-4230

    • Car washes
    • 1,280 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    $1,210,000
    Last Sale
    Nov 18, 2022
    $1,265,557
    Location Intelligence
    Property ID
    US87-0788859
    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.

    Current Use by Public Records

    • FW Express Car Wash / Car Wash / Self Service Car Wash
    • Cars wash / Gas Station

    Property Details for 500 Virginia Bch Blvd

    Year built
    1996
    Lot size
    0.45 lot acres
    Property size
    1,280 SF
    Zone code
    OR
    Property type
    Car washes
    APN
    24270638560000
    APU
    24270638560000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,155,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,460,000
      6.5%
      $1,245,000
      7%
      $1,435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,320,000
      Geo Method
      $1,405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,315,000
      Retail
      $1,185,000
      Mixed-Use
      $1,565,000
      Hospitality
      $1,480,000
      Educational
      $1,370,000
      Residential Income
      $1,460,000
      Energy
      $1,480,000
      Income-Based Land
      $1,235,000
      Food Service
      $1,500,000

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -75.9797
    Latitude
    36.8447
    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
    $11,579
    $955,000
    $214,600
    $1,169,600
    -
    $955,000
    $214,600
    $1,169,600

    Comparable in this City

    • Value Estimation by Request
      6,756 SF

      1000 Laskin Rd

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      1000 Laskin Rd, Virginia Beach, VA 23451-6315
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    • Value Estimation
      $2,380,000
      1,874 SF

      705 22nd St

      AUTO REPAIR, GARAGE • 1,874 SF
      705 22nd St, Virginia Beach, VA 23451-4004
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    • Value Estimation
      $440,000
      894 SF

      Virginia Beach, VA 23451

      VEHICLE SALES, RENTALS • 894 SF
      Virginia Beach, VA 23451
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    • Value Estimation by Request
      2,076 SF

      2903 Shr Dr

      AUTO REPAIR, GARAGE • 2,076 SF
      2903 Shr Dr, Virginia Beach, VA 23451-1207
      View Details
    • Value Estimation by Request
      2,505 SF

      635 Virginia Bch Blvd

      SERVICE STATION (FULL SERVICE) • 2,505 SF
      635 Virginia Bch Blvd, Virginia Beach, VA 23451-4231
      View Details
    • Value Estimation by Request
      4,000 SF

      1096 Virginia Bch Blvd

      SERVICE STATION (FULL SERVICE) • 4,000 SF
      1096 Virginia Bch Blvd, Virginia Beach, VA 23451-5642
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Freestanding Building on Shore Drive

      Freestanding building with four drive-thru lanes on Shore Drive.
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      Two-story commercial building near the boardwalk, suitable for retail or office.
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      Waterfront Restaurant/Event Space Available

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      Retail Building with Warehouse Space

      Freestanding retail building with warehouse in ViBe Creative District.
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    Similar Nearby for Lease

    • $7,500 /Mo
      2,625 SF

      Former Bank Branch For Rent

      Former bank branch with drive-thru and ample parking available now.
      3001 Shore Dr, Virginia Beach, VA 23451
      View Details
    • $24 SF/Yr
      2,600 SF

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      Two-story building with retail space and private parking.
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    • Contact for pricing
      42,200 SF

      Laskin Road Gateway Commercial Space

      Prime Laskin Road location; 17,200-25,000 SF available.
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    • Contact for pricing
      3,982 SF

      Prime Virginia Beach Retail Space

      3,982 SF Retail Building - Available Now
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      The Canopy: Prime VB Office Space

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    • Contact for pricing
      4,453 SF

      Retail Space in Dynamic Oceanfront

      Retail property in a prime location for commercial real estate.
      3420 Atlantic Ave, Virginia Beach, VA 23451
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    500 Virginia Bch Blvd
    Virginia Beach, VA 23451-4230
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    Realmo Value Estimation

    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.

    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.

    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
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