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Financial
Distress signals
Property profile

585 London Brg Rd Virginia Beach, VA 23454

OFF-MARKET
Other industrial properties
Property ID
US87-2345736
68,668 SF 8.28 ac lot Built 2006
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a conditioned warehouse building with approximately 20,000 square feet of space, designed primarily for storage with minimal office area. Constructed in 2006, it is zoned I-1 (Light Industrial). The loading configuration includes dock loading with one 12-foot by 12-foot door and two 8-foot by 8-foot doors. The warehouse has a 15-foot clear height. The building is located in the Oceana submarket of Virginia Beach.

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?
$67k
Tax billed · 2024
Assessed value$6.91M
Assessed land$934k
Assessed improvement$5.98M
Effective rate0.97%

Value estimate

· Oct 2026
$17.68M
$15.91M – $19.44M
Submarket $/SF estimate$20.83M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$212/SF
ZIP average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$86 – $441

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionVIRGINIA BEACH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.1
Bakery9.0
Hair Salon8.8

Location

585 London Brg Rd Virginia Beach, VA 23454-5226
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1889 Virginia Bch, Virginia Beach, VA 23454-4416 $7,409,000 Jul 2023 66,270 SF
572 Central Dr, Virginia Beach, VA 23454-5253 $2,100,000 Feb 2022 21,300 SF
541 Central Dr, Virginia Beach, VA 23454-5282 $5,100,500 Feb 2022 7,738 SF
317 Vlg, Virginia Beach, VA 23454-4374 $2,900,000 Jan 2022 19,844 SF
489 Progress, Virginia Beach, VA 23454-3477 $10,578,499 Dec 2021 111,585 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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