Entity Owned Property summary
AI-generated overview
Riverfront Shoppes is a centrally located mixed-use development in the Harbour View area of Suffolk, Virginia. The property is configured to support a combination of uses, including dining establishments, fitness-related space, boutique retail, and office space. It is positioned with convenient access to Interstate 664, and the listing references a total area of 1,188 square feet.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2015
Total area
18,928 SF
Lot
1.23 ac (53,579 SF)
Zoning code
GENERAL COMMERCIAL
APN
6*3*2*14A*1
UPID
US87-2373284
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Take-out & Catering Catering Service
-
Hair Salon
-
Hair Salon Nail Salon
-
Insurance Agency
-
Clothing Store Art Gallery
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$2.04M
Owner & transaction history
since 2020
2 recorded transactions
Zoning & alternative use
GENERAL COMMERCIAL · Suffolk, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.04M
Value range
$1.83M – $2.24M
±10% around blend
Estimated value / SF
$108 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
$1.83M
blend $2.04M
$2.24M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
18,928 SF
Lot area
1.23 ac
Year built
2015
Stories
2
APN
6*3*2*14A*1
Zoning
GENERAL COMMERCIAL
Assessed value
$1,887,400
Annual tax
$25,102
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.56M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.6 mi away · 14,370 SF
14.7 mi away · 13,300 SF
15.2 mi away · 16,510 SF
18.4 mi away · 14,035 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.04M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 37 sales
$261
-59%
Submarket 241 sales
$197
-45%
County 241 sales
$197
-45%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $108/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.89M
Move the market yield to see immediate price impact.
Value / SF
$100
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$119k
$2.38M
$1.70M
$1.32M
$132k
$2.64M
$1.89M
$1.47M
$145k
$2.91M
$2.08M
$1.61M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$600k
11.3 mi · Jan 2026 · $33/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,102
Tax year 2023
Assessed value
$1,887,400
Assessed 2023
Previous assessed
$1,887,400
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$572,700
Assessed improvement
$1,314,700
Land market value
$572,700
Improvement market value
$1,314,700
Total market value
$1,887,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2015
Heating
NONE
Stories
2
Total area
18,928 SF
Lot
1.23 ac (53,579 SF)
Zoning code
GENERAL COMMERCIAL
APN
6*3*2*14A*1
UPID
US87-2373284
Jurisdiction
SUFFOLK CITY
Zoning & alternative use
GENERAL COMMERCIAL · Suffolk, VAZoning GENERAL COMMERCIAL · permitted uses
GENERAL COMMERCIAL · Suffolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Stories
2
Lot
1.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GENERAL COMMERCIAL
Jurisdiction
Suffolk, VA
Recorded code
GENERAL COMMERCIAL
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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