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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office Spaces
6539 Virginia Bch Blvd Ste B, Norfolk, VA 23502-3041
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US87-3366966
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1951
Total area
4,859 SF
Lot
0.93 ac (40,306 SF)
Zoning code
C-4
APN
7686478
UPID
US87-3366966
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
-
B Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$751k
Blend (final)
Blend
$630k
Owner & transaction history
Brian Erbes · 10 yrs held
Brian Erbes
since 2016
6 recorded transactions
Zoning & alternative use
C-4 · Norfolk, 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 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
$955,000
Current use
AUTO REPAIR, GARAGE
$940,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$800,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$630k
Range $567k – $693k · ±10%
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
$130 / 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
$5,224
Tax year 2024
Assessed value
$417,900
Assessed 2024
Previous assessed
$412,500
+1.3% YoY
Effective rate
1.25%
On assessed value
Assessed land
$133,600
Assessed improvement
$284,300
Land market value
$133,600
Improvement market value
$284,300
Total market value
$417,900
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1951
Heating
SPACE
Cooling
YES
Stories
2
Total area
4,859 SF
Lot
0.93 ac (40,306 SF)
Zoning code
C-4
APN
7686478
UPID
US87-3366966
Jurisdiction
NORFOLK CITY
Zoning & alternative use
C-4 · Norfolk, VA
Zoning C-4 · permitted uses
C-4 · Norfolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norfolk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$940,000
RETAIL STORES
Est. value
$800,000
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
1951
Heating
SPACE
Cooling
Yes
Stories
2
Lot
0.93 ac
Current owner
From public records · entity-resolved
Brian Erbes
Individual
Mailing address
6539 E VIRGINIA BCH BLVD STE B, NORFOLK, VA 23502-3041
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2016
$350,000
Brian Erbes
Street Smart LLC A Virginia Liabili
Warranty Deed
$315,000 · Street Smart LLC
Dec 15, 2014
$25,000
Street Smart LLC A Virginia Limited
Harbour Asset Servicing INC A Virgi
Special Warranty Deed
—
Dec 19, 2012
$366,500
Harbour Asset Servicing INC
Plateau LLC
Bargain And Sale Deed
—
Oct 26, 2011
—
Plateau LLC
Raymond A Forbes
Re-recorded Document
related
—
Jun 22, 2011
—
New Plateau INC
Raymond A Forbes
Deed
—
Feb 2, 2006
$200,000
Raymond A Forbes
Ccfz LLC
Bargain And Sale Deed
$168,000 · Bank Of Hampton Roads
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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