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Property profile & analytics
OFF-MARKET
Estimated value
$2,870,000
Assisted living facilities
5620 Wesleyan Dr Virginia Beach, VA 23455-6908
Trust Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-1211049
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1990
Construction
FRAME
Total area
62,802 SF
Lot
3.11 ac (135,502 SF)
Zoning code
R10
APN
14683534900000
UPID
US87-1211049
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
-
The Gardens of Virginia Beach Nursing Home Retirement Community
-
Rehab Management Inc Medical Clinic
-
Rachael W. Mendivil, DPT Medical Clinic
-
Dove D. Payman, MS Physician
-
BRIGHTON GARDENS ALF Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.87M
Owner & transaction history
Diversified Healthcare Trust · 1 yrs held
Diversified Healthcare Trust
since 2025
1 recorded transaction
Zoning & alternative use
R10 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$46 / 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
$56,528
Tax year 2024
Assessed value
$5,709,900
Assessed 2024
Previous assessed
$5,709,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$793,200
Assessed improvement
$4,916,700
Land market value
$793,200
Improvement market value
$4,916,700
Total market value
$5,709,900
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
YES
Stories
2
Total area
62,802 SF
Lot
3.11 ac (135,502 SF)
Zoning code
R10
APN
14683534900000
UPID
US87-1211049
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
R10 · Virginia Beach, VA
Zoning R10 · permitted uses
R10 · 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
1990
Construction
FRAME
Heating
YES
Stories
2
Lot
3.11 ac
Current owner
From public records · entity-resolved
Diversified Healthcare Trust
Trust
Mailing address
1 INTERNATIONAL PL STE #1840, BOSTON, MA 02110-2621
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2025
—
Diversified Healthcare Trust
Sptmrt Properties Trust
Special Warranty Deed
$140,000 · Ally 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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