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Financial
Distress signals
Property profile

5721 Bayside Rd Virginia Beach, VA 23455

FOR LEASE
Other industrial properties
Property ID
US87-1211793
67,600 SF 4.7 ac lot Built 1975
Last sale Sep 2021 · $6,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Flex suites located adjacent to Norfolk International Airport, with access to Interstate 64, N.I.T., and nearby Naval facilities including N.O.B. and Little Creek Amphibious Base.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$63k
Tax billed · 2024
Assessed value$6.47M
Assessed land$1.13M
Assessed improvement$5.35M
Effective rate0.97%

Value estimate

· Oct 2026
$7.26M
$6.53M – $7.98M
AI approach$7.56M
CAP approach$6.82M
NOI build-up
Gross scheduled income$110k
Vacancy & credit loss−$4k
Operating expenses−$32k
NOI · 673,990.91% cap applied$74k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$152/SF
Submarket average, outlier-cleaned · 154 recorded sales of this use type
Observed band · Q1–Q3$95 – $242

Cap rate analysis

How does the asset earn?
673,990.91%
$74k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I1
The purpose of the I-1 Light Industrial District is to permit light industrial uses, wholesaling, storage, packaging, distribution, and r...
General categoryINDUSTRIAL
JurisdictionVIRGINIA BEACH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.9
Auto Parts Store15.1
Spa & Massage14.2

Location

5721 Bayside Rd Virginia Beach, VA 23455
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5820 Ward, Virginia Beach, VA 23455-3313 $5,550,000 Jul 2024 84,977 SF
1612 Independence, Virginia Beach, VA 23455-4044 $1,200,000 Jun 2022 79,232 SF
5740 Bayside, Virginia Beach, VA 23455-3004 $6,790,000 Jan 2022 69,192 SF
5908 Thurston, Virginia Beach, VA 23455-3339 $3,425,000 Jun 2021 45,024 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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