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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Community centers
5318 Providence Rd Virginia Beach, VA 23464-4102
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0947336
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1977
Construction
FRAME
Total area
13,406 SF
Lot
1.53 ac (66,851 SF)
Zoning code
B1
APN
14664436900000
UPID
US87-0947336
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
-
Salerno James a DDS Pediatrician Physician
-
Dr. Myron D. Gladstone, DDS Dental Office
-
Hardock Annette Dental Office
-
Wagner Lori Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
Mackenzie Properties LLC · 3 yrs held
Mackenzie Properties LLC
since 2023
Last sale
$1.5M
2 recorded transactions
Zoning & alternative use
B1 · 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
Method
Estimation
Statistic approach
$1,485,000
ML approach
$1,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10% · vs last sale $1.46M (Jun 28 2023)
Last sale anchor
$1.46M
Jun 28 2023
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
$112 / 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
$17,042
Tax year 2024
Assessed value
$1,721,400
Assessed 2024
Previous assessed
$1,721,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,314,800
Assessed improvement
$406,600
Land market value
$1,314,800
Improvement market value
$406,600
Total market value
$1,721,400
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
1977
Construction
FRAME
Heating
NONE
Stories
1
Total area
13,406 SF
Lot
1.53 ac (66,851 SF)
Zoning code
B1
APN
14664436900000
UPID
US87-0947336
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
B1 · Virginia Beach, VA
Zoning B1 · permitted uses
B1 · 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
1977
Construction
FRAME
Heating
NONE
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Mackenzie Properties LLC
Entity
Mailing address
600 N WITCHDUCK RD STE #107, VIRGINIA BEACH, VA 23462-1947
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2023
$1,464,500
Mackenzie Properties LLC
Kevin L Hubbard
Bargain And Sale Deed
$1,184,400 · Atlantic Union Bank
Sep 14, 2005
$2,013,500
Richard C Trotman
Lakeside Investments LLC
Grant Deed
$1,545,500 · Community National Bank
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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