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    Property profile & analytics

    5305 Indian Riv Rd Virginia Beach, VA 23464-5320

    • Retail space
    • 14,736 SF
    • 1.89 lot acres
    OFF-MARKET
    Value Estimation
    $6,765,000
    Last Sale
    Nov 16, 2021
    $6,029,411
    Location Intelligence
    Property ID
    US87-0653219
    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

    • Walgreens / Perfume Store / Stationery Store
    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Bitcoin Depot | BDCheckout / Atm
    • LibertyX Bitcoin ATM / Atm
    • Carol Hall / Pharmacy

    Property Details for 5305 Indian Riv Rd

    Year built
    2005
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.89 lot acres
    Property size
    14,736 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    14653840330000
    APU
    14653840330000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,115,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,510,000
      6.5%
      $5,665,000
      7%
      $6,465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,030,000
      Geo Method
      $5,775,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,595,000
      Retail
      $5,760,000
      Mixed-Use
      $6,755,000
      Hospitality
      $4,860,000
      Educational
      $4,990,000
      Residential Income
      $5,470,000
      Energy
      $5,110,000
      Income-Based Land
      $5,845,000
      Food Service
      $5,205,000

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.1758
    Latitude
    36.7969
    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
    $42,416
    $2,286,400
    $1,998,000
    $4,284,400
    -
    $2,286,400
    $1,998,000
    $4,284,400

    Comparable in this City

    • Value Estimation by Request
      13,119 SF

      6099 Indian Riv Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,119 SF
      6099 Indian Riv Rd, Virginia Beach, VA 23464-3813
      View Details
    • Value Estimation by Request
      13,195 SF

      840 Military Hwy

      RETAIL STORES (PERSONAL SERVICES) • 13,195 SF
      840 Military Hwy, Virginia Beach, VA 23464-1824
      View Details
    • Value Estimation by Request
      3,397 SF

      5236 Providence Rd

      Individual retail properties • 3,397 SF
      5236 Providence Rd, Virginia Beach, VA 23464
      View Details
    • Value Estimation
      $550,000
      2,921 SF

      6672 Indian Riv Rda

      RETAIL STORES (PERSONAL SERVICES) • 2,921 SF
      6672 Indian Riv Rda, Virginia Beach, VA 23464-3422
      View Details
    • Value Estimation
      $870,000
      4,900 SF

      5253 Indian Riv Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,900 SF
      5253 Indian Riv Rd, Virginia Beach, VA 23464-6128
      View Details
    • Value Estimation
      $350,000
      2,664 SF

      6209 Indian Riv Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,664 SF
      6209 Indian Riv Rd, Virginia Beach, VA 23464-3504
      View Details

    Similar Nearby for Sale

    • $800,000
      2,664 SF

      Freestanding Commercial Property on Indian River

      Commercial property suitable for automotive, retail, or service-related use.
      6209 Indian River Rd, Virginia Beach, VA 23464
      View Details
    • $2,800,000
      1.98 Acres

      Prime Virginia Beach Commercial Land

      1.98 Acres, B-2 Zoning, $2.8M
      1861 Kempsville Rd, Virginia Beach, VA 23464
      View Details
    • Contact for pricing
      3,397 SF

      McDonald's in Virginia Beach, VA

      Leased to McDonald’s since 2001 with renewal options.
      5236 Fairfield Blvd, Virginia Beach, VA 23464
      View Details
    • Contact for pricing

      Virginia Beach Flex Space Investment

      12,800-14,000 SF Flex Space Available
      1620 Centerville Tpke, Virginia Beach, VA 23464
      View Details
    • $2,600,000

      Land for Sale

      Land available for sale in Virginia Beach, Virginia.
      1861 Kempsville Rd, Virginia Beach, VA 23464
      View Details
    • Contact for pricing
      1.46 Acres

      Prime Office Land: Virginia Beach

      Three office pads, O-2 zoning, high traffic area.
      0 Sandbridge Rd And Princess Anne Rd, Virginia Beach, VA 23464
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,420 SF

      Retail Space on Indian River

      Retail space with high traffic and easy access.
      6651-6657 Indian River Rd, Virginia Beach, VA 23464
      View Details
    • Contact for pricing
      1,028 SF

      Retail Space on Indian River

      Retail space with great exposure and easy access.
      6661 Indian River Rd, Virginia Beach, VA 23464
      View Details
    • Contact for pricing
      12,381 SF

      Grocery-Anchored Retail Space Available

      Retail space in a dominant, highly visible shopping center.
      5192-5340 Fairfield Shopping Ctr, Virginia Beach, VA 23464
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space Near I-64 Interchange

      Retail space with high traffic and customer potential.
      5660 Indian River Rd, Virginia Beach, VA 23464
      View Details
    • $50 SF/Yr
      7,344 SF

      Community Center Retail Space Available

      Centrally located retail space in Virginia Beach for lease.
      880-886 S Military Hwy, Virginia Beach, VA 23464
      View Details
    • $23 SF/Yr
      800 SF

      Retail Space For Rent

      Retail space available for lease in Virginia Beach, VA.
      5350 Kempsriver Dr, Virginia Beach, VA 23464
      View Details
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    5305 Indian Riv Rd
    Virginia Beach, VA 23464-5320
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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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