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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Gas stations
73 1st Colonial Rd Virginia Beach, VA 23454-4658
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0928551
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1959
Construction
TYPE NOT SPECIFIED
Total area
6,320 SF
Lot
1.48 ac (64,374 SF)
Zoning code
B2
APN
24077489150000
UPID
US87-0928551
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
-
All About Auto Services Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Burg Enterprises LLC · 4 yrs held
Burg Enterprises LLC
since 2021
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
B2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+131.8%
Office building
$880,000
+62.5%
Auto repair, garage
$715,000
+31.7%
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
$1,180,000
ML approach
$1,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,255,000
Change: +132% · Conversion: Difficult
OFFICE BUILDING
$880,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$715,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.00M (Aug 20 2021)
Last sale anchor
$1.00M
Aug 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
$175 / 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
$6,768
Tax year 2024
Assessed value
$683,600
Assessed 2024
Previous assessed
$683,600
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$429,100
Assessed improvement
$254,500
Land market value
$429,100
Improvement market value
$254,500
Total market value
$683,600
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1959
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Total area
6,320 SF
Lot
1.48 ac (64,374 SF)
Zoning code
B2
APN
24077489150000
UPID
US87-0928551
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
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$715,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1959
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Burg Enterprises LLC
Entity
Mailing address
1096 VIRGINIA BCH BLVD, VIRGINIA BEACH, VA 23451-5642
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2022
—
Burg Enterprises LLC
—
Deed
related
$408,000 · 504 Capital Corporation
Aug 20, 2021
$1,000,000
Burg Enterprises LLC
Legacy Fiduciary Services
Bargain And Sale Deed
$500,000 · Townebank
Feb 5, 2021
—
Legacy Fiduciary Services
David Carl Brosius
Gift Deed
related
—
Jan 20, 2006
—
Turner Nell S Trust
Turner,nell S
Quit Claim Deed
related
—
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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