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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Community centers
5232 Providence Rd Virginia Beach, VA 23464-4202
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-0055768
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1983
Construction
FRAME
Total area
5,648 SF
Lot
0.74 ac (32,452 SF)
Zoning code
B2
APN
14665473100000
UPID
US87-0055768
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
-
Verizon Telecommunications Service Data Center
-
Dennis Eudela Physician
-
Scott Paden Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.63M
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.63M
Owner & transaction history
Lincoln National Life Insurance Com
Lincoln National Life Insurance Com
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
B2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+27.8%
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
Method
Estimation
Statistic approach
$1,625,000
ML approach
$1,625,000
CAP Approach
CAP Return
Estimation
6%
$1,375,000
6.5%
$1,270,000
7%
$1,180,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,995,000
Current use
RESTAURANT
$2,545,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,935,000
Change: -3% · Conversion: Easy
RETAIL STORES
$1,635,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $1.63M (Apr 15 2024)
Last sale anchor
$1.63M
Apr 15 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$288 / SF
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
$16,371
Tax year 2024
Assessed value
$1,653,600
Assessed 2024
Previous assessed
$1,653,600
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$653,600
Land market value
$1,000,000
Improvement market value
$653,600
Total market value
$1,653,600
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1983
Construction
FRAME
Heating
NONE
Stories
1
Total area
5,648 SF
Lot
0.74 ac (32,452 SF)
Zoning code
B2
APN
14665473100000
UPID
US87-0055768
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
RESTAURANT
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Lincoln National Life Insurance Com
Individual
Mailing address
11720 EL CAMINO REAL STE #250, SAN DIEGO, CA 92130-2243
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
—
Lincoln National Life Insurance Com
Niki Providence Road II LLC
Deed
—
Jun 25, 2025
—
Standard Insurance Company
Niki Providence Road II LLC
Deed
$1,075,000 · Standard Insurance Co
Apr 15, 2024
$1,626,000
Niki Providence Road II LLC
Nmp C4 Fairfield S C LLC
Special Warranty Deed
—
Feb 13, 2023
—
Nmp C4 Fairfield S C LLC
—
Deed
related
$22,500,000 · Atlantic Union Bank
Oct 7, 2016
—
Niki Providence Road LLC
—
Deed
related
$1,550,000 · Miscellaneous Ins Co
Jul 11, 2012
—
Fairfield Investors LLC
—
Trustees Deed
related
$652,166 · Monarch Bank
Oct 4, 2007
—
Bcp Tic LLC
Bcp Fairfield LLC
Quit Claim Deed
related
—
Jan 7, 2005
$22,549,000
Gck-beachco LLC
Fairfield Shopping Center
Grant Deed
—
—
—
Fairfield Investors Assocs LLC
—
Loan Modification
related
$652,166 · Monarch Bk
—
—
Fairfield Investors LLC
—
Deed Of Trust
related
$333,000 · Revere High Yield Fund LP
—
—
Fairfield Investors LLC
—
Deed Of Trust
related
$660,000 · Essex Bk
—
—
Niki Providence Road LLC
—
Deed Of Trust
related
$1,550,000 · Miscellaneous Ins Co
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.
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