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Property profile & analytics
OFF-MARKET
Estimated value
$6,895,000
Office buildings
5320 Providence Rd Virginia Beach, VA 23464-4122
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-1287508
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
29,556 SF
Lot
1.48 ac (64,338 SF)
Zoning code
O2
APN
14664416380000
UPID
US87-1287508
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
-
Virginia Beach Obstetrics and Gynecology Medical Clinic
-
Sentara Family Medicine Physicians Medical Clinic
-
Jamie Sustakoski Physician
-
Betyshia J. Belardo, M.D. Pediatrician Physician
-
Keisha J. Williams, M.D. Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.64M
Comparable Approach
Comparable
$6.35M
Blend (final)
Blend
$6.90M
Owner & transaction history
Providence Road Assocs LLC
Providence Road Assocs LLC
1 recorded transaction
Zoning & alternative use
O2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$10.4M
+91.3%
Commercial (general)
$10.1M
+86.0%
Retail stores
$8.5M
+56.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,270,000
6.5%
$7,635,000
7%
$7,090,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,450,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,425,000
Change: +91% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,135,000
Change: +86% · Conversion: Easy
RETAIL STORES
$8,545,000
Change: +57% · Conversion: Moderate
MEDICAL BUILDING
$6,960,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,480,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$6.90M
Range $6.21M – $7.58M · ±10%
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
$233 / 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
$44,869
Tax year 2024
Assessed value
$4,532,200
Assessed 2024
Previous assessed
$4,532,200
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$984,100
Assessed improvement
$3,548,100
Land market value
$984,100
Improvement market value
$3,548,100
Total market value
$4,532,200
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
29,556 SF
Lot
1.48 ac (64,338 SF)
Zoning code
O2
APN
14664416380000
UPID
US87-1287508
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
O2 · Virginia Beach, VA
Zoning O2 · permitted uses
O2 · 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
OFFICE BUILDING Current
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.4M
COMMERCIAL (GENERAL)
Est. value
$10.1M
RETAIL STORES
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$7.0M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1989
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
1.48 ac
Current owner
From public records · entity-resolved
Providence Road Assocs LLC
Entity
Mailing address
602 REDGATE AVE, NORFOLK, VA 23507-1702
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Providence Road Assocs LLC
—
Loan Modification
related
$2,057,007 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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