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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Community centers
608 Norfolk Ave Virginia Beach, VA 23451-4419
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0669157
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1940
Construction
TYPE NOT SPECIFIED
Total area
17,934 SF
Lot
0.51 ac (22,054 SF)
Zoning code
I1
APN
24270402510000
UPID
US87-0669157
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
-
TakeOver Athletics Shadowlawn Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Robin S Angle · 13 yrs held
Robin S Angle
since 2013
3 recorded transactions
Zoning & alternative use
I1 · 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
$82 / 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
$15,471
Tax year 2024
Assessed value
$1,562,700
Assessed 2024
Previous assessed
$1,562,700
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$554,600
Assessed improvement
$1,008,100
Land market value
$554,600
Improvement market value
$1,008,100
Total market value
$1,562,700
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1940
Construction
TYPE NOT SPECIFIED
Heating
HEAT PUMP
Stories
1
Total area
17,934 SF
Lot
0.51 ac (22,054 SF)
Zoning code
I1
APN
24270402510000
UPID
US87-0669157
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
I1 · Virginia Beach, VA
Zoning I1 · permitted uses
I1 · 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
1940
Construction
TYPE NOT SPECIFIED
Heating
HEAT PUMP
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Robin S Angle
Individual
Free & Clear · 13 yrs held
Mailing address
932 LASKIN RD, VIRGINIA BEACH, VA 23451-3990
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2014
—
Atkinson Holdings LLC
—
Grant Deed
related
$1,280,000 · Wells Fargo Bk
May 6, 2013
—
Robin S Angle
Scott Dorothy D Trust
Grant Deed
related
—
May 6, 2013
$1,510,000
Atkinson Holdings LLC
Angle,robin S
Trustees Deed
related
$1,235,000 · Robin S Angle
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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