Back to Search
Property profile & analytics
FOR LEASE
Community centers
7525 Tidewater Dr Norfolk, VA 23505
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-3338831
For Lease
1 / 4
$4,365,000
7525 Tidewater Dr, Norfolk, VA 23505
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1957
Total area
213,832 SF
Lot
15.61 ac (680,015 SF)
Zoning code
C-3
APN
7363911
UPID
US87-3338831
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
-
AMERICA'S BEST WINGS Restaurant
-
H&R Block Tax Preparation
-
Southern EyeCare Associates Eye Care Center Contact Lenses Supplier
-
Viva Salon & Spa (15% OFF New Customers) Nail Salon
-
True Weave Spa Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.37M
Owner & transaction history
Rcc Southern Shopping Center LLC · 4 yrs held
Rcc Southern Shopping Center LLC
since 2022
2 recorded transactions
Zoning & alternative use
C-3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$20 / 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
$230,856
Tax year 2024
Assessed value
$18,468,500
Assessed 2024
Previous assessed
$23,195,600
-20.4% YoY
Effective rate
1.25%
On assessed value
Assessed land
$9,044,300
Assessed improvement
$9,424,200
Land market value
$9,044,300
Improvement market value
$9,424,200
Total market value
$18,468,500
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1957
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
2
Total area
213,832 SF
Lot
15.61 ac (680,015 SF)
Zoning code
C-3
APN
7363911
UPID
US87-3338831
Jurisdiction
NORFOLK CITY
Zoning & alternative use
C-3 · Norfolk, VA
Zoning C-3 · permitted uses
C-3 · 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.
Building & site characteristics
From public records
Year built
1957
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Lot
15.61 ac
Current owner
From public records · entity-resolved
Rcc Southern Shopping Center LLC
Entity
Mailing address
PO BOX 17710, RICHMOND, VA 23226-7710
Ownership since
2022
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
Jan 13, 2022
$25,300,000
Rcc Southern Shopping Center LLC
Southern Shopping Center LLC
Correction Deed
related
—
Jan 10, 2022
$25,300,000
Rcc Southern Shopping Center LLC
Southern Shopping Center LLC
Quit Claim Deed
related
$17,605,000 · Atlantic Union Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
