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    Property profile & analytics

    6012 Virginia Bch Blvd Norfolk, VA 23502-2404

    • Drive through restaurants
    • 2,418 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimation
    $405,000
    Location Intelligence
    Property ID
    US87-3376643
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Holmes Family Motors / Car Dealer
    • SOVA Car Rentals & Leasing - Norfolk / Car Rental Agency / Car Leasing Service

    Property Details for 6012 Virginia Bch Blvd

    Year built
    1969
    Lot size
    0.55 lot acres
    Property size
    2,418 SF
    Zone code
    C-2
    Property type
    Drive through restaurants
    APN
    32531710
    APU
    32531710

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $465,000
      6.5%
      $445,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $480,000
      Geo Method
      $495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $470,000
      Mixed-Use
      $570,000
      Hospitality
      $575,000
      Educational
      $485,000
      Residential Income
      $555,000
      Energy
      $435,000
      Income-Based Land
      $505,000
      Food Service
      $560,000

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.1991
    Latitude
    36.8558
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,686
    $245,000
    $449,900
    $694,900
    -
    $245,000
    $449,900
    $694,900

    Comparable in this City

    • Value Estimation
      $625,000
      1,204 SF

      4640 Princess Anne Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,204 SF
      4640 Princess Anne Rd, Norfolk, VA 23502-1670
      View Details
    • Value Estimation by Request
      4,921 SF

      1501 Premium Outlets Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,921 SF
      1501 Premium Outlets Blvd, Norfolk, VA 23502-5526
      View Details
    • Value Estimation
      $395,000
      2,336 SF

      1055 Newtown Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,336 SF
      1055 Newtown Rd, Norfolk, VA 23502-3005
      View Details
    • Value Estimation
      $340,000
      2,156 SF

      5745 Virginia Bch Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,156 SF
      5745 Virginia Bch Blvd, Norfolk, VA 23502-2421
      View Details
    • Value Estimation by Request
      2,859 SF

      460 Military Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,859 SF
      460 Military Hwy, Norfolk, VA 23502-5402
      View Details
    • Value Estimation by Request
      2,886 SF

      725 Newtown Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,886 SF
      725 Newtown Rd, Norfolk, VA 23502-3903
      View Details

    Similar Nearby for Sale

    • $795,000
      4,197 SF

      Retail Property with Drive Thru

      Retail property with drive-thru, value-add opportunity, high traffic location.
      5357 E Princess Anne Rd, Norfolk, VA 23502
      View Details
    • $189,900
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      Established Restaurant and Bar Opportunity

      Restaurant and bar with ABC license and skill games.
      160 S Military Hwy, Norfolk, VA 23502
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    • $2,199,999
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      Mixed-Use Building on Princess Anne

      Mixed-use building with retail, office, and residential units for sale.
      5010 Princess Anne Rd E, Norfolk, VA 23502
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    • $1,695,000
      6,300 SF

      Established Auto Business For Sale

      Profitable auto business with dealership, repair shop, and tire services.
      3345 N Military Hwy, Norfolk, VA 23502
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    • $750,000
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      Retail Property Near JANAF Yard

      Hard corner retail site in Norfolk's busiest retail corridor.
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    Similar Nearby for Lease

    • Contact for pricing
      1,440 SF

      Retail Space in High-Traffic Area

      Retail space near popular retailers and restaurants.
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    • Contact for pricing
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      Broad Creek Retail Center Opportunity

      High-traffic Norfolk retail space available
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    • $15,000 /Mo
      22,231 SF

      Virginia Beach Boulevard Showroom Space

      Centrally located showroom on high-traffic Virginia Beach Boulevard.
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    • Contact for pricing
      4,488 SF

      Retail Space in Norfolk, VA

      Retail property available for lease in Norfolk, Virginia.
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    • $20 SF/Yr
      1,800 SF

      Retail Space Near Norfolk Airport

      Retail space with office and storage, convenient location.
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      View Details
    • Contact for pricing
      1,100 SF

      Retail Space Near High-Traffic Intersection

      Retail space available near Newtown Road and Virginia Beach Blvd.
      1105 Newtown Rd, Norfolk, VA 23502
      View Details
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    Norfolk, VA 23502-2404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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