Property profile

533 Newtown Rd Ste 110 Virginia Beach, VA 23462

OFF-MARKET
Office buildings
Property ID
US87-0783558
11,235 SF 1.07 ac lot Built 1974
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1974
Construction FRAME
Total area 11,235 SF
Lot 1.07 ac (46,696 SF)
Zoning code B2
APN 14682053750000
UPID US87-0783558

Cap rate & NOI

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

Location

533 Newtown Rd Ste, Unit 110 Virginia Beach, VA 23462-5758
Virginia Beach metro Census 40200 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$780k
CAP Approach CAP
by Request
Comparable Approach Comparable
$663k
Blend (final) Blend
$710k

Owner & transaction history

since 2021
Last sale
$600,000
3 recorded transactions
2021
$600,000
2016
Price N/A
2011
Price N/A

Zoning & alternative use

B2 · Virginia Beach, VA
Zoning description

The purpose of the B-2 Community Business District is to provide land needed for community wide business establishments. This district is intended for general application in the city. It is intended that, by the creation…

General category COMMERCIAL

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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