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Property profile & analytics
OFF-MARKET
Estimated value
$9,475,000
Office buildings
6160 Commander Pkwy Norfolk, VA 23502-5518
Entity Owned
~
Est. High Equity
Property ID
US87-3368155
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2007
Total area
65,351 SF
Lot
4.83 ac (210,395 SF)
APN
80997611
UPID
US87-3368155
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
-
Medical Alert Center Production Facility
-
Holey Bad Guys! Industrial Manufacturer Production Facility
-
Life Protect 24/7 Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.15M
Blend (final)
Blend
$9.48M
Owner & transaction history
Jlp Real Estate Group LLC
Jlp Real Estate Group LLC
since 2025
Last sale
$9.0M
4 recorded transactions
Zoning & alternative use
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 Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,870,000
Current use
AUTO REPAIR, GARAGE
$12,630,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$10,760,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$9.48M
Range $8.53M – $10.42M · ±10% · vs last sale $9.02M (May 12 2025)
Last sale anchor
$9.02M
May 12 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$145 / 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
$110,899
Tax year 2024
Assessed value
$8,871,900
Assessed 2024
Previous assessed
$8,665,500
+2.4% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,262,500
Assessed improvement
$7,609,400
Land market value
$1,262,500
Improvement market value
$7,609,400
Total market value
$8,871,900
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
YES
Stories
4
Total area
65,351 SF
Lot
4.83 ac (210,395 SF)
APN
80997611
UPID
US87-3368155
Jurisdiction
NORFOLK CITY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$12.6M
RETAIL STORES
Est. value
$10.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
4.83 ac
Current owner
From public records · entity-resolved
Jlp Real Estate Group LLC
Entity
Mailing address
230 SCHILLING CIR STE #120, HUNT VALLEY, MD 21031-1410
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
—
Jlp Real Estate Group LLC
—
Deed
related
$7,360,000 · Townebank
Aug 12, 2025
$9,023,640
Jlp Real Estate Group LLC
Townsend Commander Parkway LLC
Special Warranty Deed
$7,360,000 · Townebank
Jun 7, 2012
$10,700,000
Townsend Commander Parkway LLC
Noell Real Estate Holdings LLC
Special Warranty Deed
$9,300,000 · Branch Banking And Trust Co
Jul 17, 2007
$3,400,000
Gulfstream Industries Unlimited INC
Noell Development Group LLC
Bargain And Sale Deed
—
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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