Technical
Financial
Distress signals
Property profile

633 Independence Blvd Virginia Beach, VA 23462

OFF-MARKET
Community centers
Property ID
US87-3860868
7,104 SF 0.72 ac lot Built 1969
Entity Owned 19-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1969
Construction TYPE NOT SPECIFIED
Total area 7,104 SF
Lot 0.72 ac (31,162 SF)
Zoning code B2
APN 14774976380000
UPID US87-3860868

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
  • Restaurant
  • Alternative Medicine Practice
  • Alternative Medicine Practice Spa & Massage Center
  • Insurance Agency
  • Alternative Medicine Practice Spa & Massage Center

Location

633 Independence Blvd Virginia Beach, VA 23462-2200
Virginia Beach metro Census 41003 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$815k

Owner & transaction history

since 2007
2 recorded transactions
2007
Price N/A
2006
$500,000

Zoning & alternative use

B2 · Virginia Beach, VA
Zoning description

The purpose of the B-2 Community Business District is to provide land needed for community wide business establishments. This district is intended for general application in the city. It is intended that, by the creation…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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