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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Retail space
6672 Indian Riv Rda Virginia Beach, VA 23464-3422
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0135593
Property summary
AI-generated overview
This exceptional retail space, located at 6672 Indian River Road in Virginia Beach, VA 23464, presents a unique leasing opportunity. The property is situated within a strip center and offers a total of 1,900 square feet of readily available space, perfect for a variety of retail businesses. Its prime location ensures high visibility and significant foot traffic, making it an ideal choice for businesses seeking maximum exposure. The property's address is easily accessible, providing convenient access for customers and employees alike. The building itself is part of a multi-tenant strip center, offering a collaborative environment and shared amenities. This space is currently vacant and ready for immediate occupancy, allowing for a swift and efficient start to your business operations. The property is located in a high-traffic corridor, ensuring a steady stream of potential customers. Detailed specifications regarding building features and lease terms are available upon request. Don't miss this chance to establish your business in a thriving Virginia Beach location. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
TYPE NOT SPECIFIED
Total area
2,921 SF
Lot
0.35 ac (15,266 SF)
Zoning code
B2
APN
14469650960000
UPID
US87-0135593
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
-
ACE Cash Express Loan Service
-
MoneyGram Bank Credit Union
-
Liberty Tax Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$530k
Owner & transaction history
Mercy Bagol Pile · 5 yrs held
Mercy Bagol Pile
since 2021
Last sale
$490,000
2 recorded transactions
Zoning & alternative use
B2 · 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
Method
Estimation
Statistic approach
$580,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
RETAIL STORES
$845,000
Current use
MEDICAL BUILDING
$690,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $490k (Apr 20 2021)
Last sale anchor
$490k
Apr 20 2021
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
$181 / 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
$3,976
Tax year 2024
Assessed value
$401,600
Assessed 2024
Previous assessed
$401,600
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$218,400
Assessed improvement
$183,200
Land market value
$218,400
Improvement market value
$183,200
Total market value
$401,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1966
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Total area
2,921 SF
Lot
0.35 ac (15,266 SF)
Zoning code
B2
APN
14469650960000
UPID
US87-0135593
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
B2 · Virginia Beach, VA
Zoning B2 · permitted uses
B2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$845,000
MEDICAL BUILDING
Est. value
$690,000
RETAIL STORES Current
MEDICAL BUILDING
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
1966
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Mercy Bagol Pile
Individual
Free & Clear · 5 yrs held
Mailing address
670 TOWN CTR DR UNIT #208, NEWPORT NEWS, VA 23606-4216
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2021
—
Mercy Bagol Pile
Mercy B Pile
Intrafamily Transfer
related
—
Apr 28, 2009
$490,000
Lope B Pile
Bay Street Center INC
Grant 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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