Technical
Financial
Distress signals
Property profile

5045 Admiral Wright Rd Ste 109 Virginia Beach, VA 23462

OFF-MARKET
Industrial properties
Property ID
US87-1151155
26,480 SF 1.13 ac lot Built 1975
Entity Owned 13-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1975
Total area 26,480 SF
Lot 1.13 ac (49,290 SF)
Zoning code I1
APN 14678550460000
UPID US87-1151155

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5045 Admiral Wright Rd Ste, Unit 109 Virginia Beach, VA 23462-2523
Virginia Beach metro Census 41002 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.67M
Comparable Approach Comparable
$2.74M
Blend (final) Blend
$2.67M

Owner & transaction history

since 2013
2 recorded transactions
2013
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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