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    Property profile & analytics

    7718 Granby St Norfolk, VA 23505-2510

    • Auto shops
    • 7,647 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Location Intelligence
    Property ID
    US87-3346563
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bingo Tires & Auto Service / Car Inspection Station / Oil Change Service
    • Metro Contracting, Inc. / Painter

    Property Details for 7718 Granby St

    Year built
    1946
    Lot size
    0.23 lot acres
    Property size
    7,647 SF
    Zone code
    C-2
    Property type
    Auto shops
    APN
    47366600
    APU
    47366600

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $450,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $410,000
      Geo Method
      $425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $480,000
      Retail
      $390,000
      Mixed-Use
      $455,000
      Hospitality
      $360,000
      Educational
      $390,000
      Residential Income
      $510,000
      Energy
      $435,000
      Income-Based Land
      $415,000
      Food Service
      $495,000

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2717
    Latitude
    36.9174
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,618
    $139,900
    $229,500
    $369,400
    -
    $139,900
    $229,500
    $369,400

    Comparable in this City

    • Value Estimation by Request
      1,344 SF

      8081 Hampton Blvd

      AUTO REPAIR, GARAGE • 1,344 SF
      8081 Hampton Blvd, Norfolk, VA 23505-1001
      View Details
    • Value Estimation
      $350,000
      3,825 SF

      7473 Tidewater Dr

      AUTO REPAIR, GARAGE • 3,825 SF
      7473 Tidewater Dr, Norfolk, VA 23505-3844
      View Details
    • Value Estimation by Request
      2,471 SF

      8110 Hampton Blvd

      AUTO REPAIR, GARAGE • 2,471 SF
      8110 Hampton Blvd, Norfolk, VA 23505-1004
      View Details
    • Value Estimation
      $285,000
      4,988 SF

      630 Little Crk Rd

      AUTO REPAIR, GARAGE • 4,988 SF
      630 Little Crk Rd, Norfolk, VA 23505-2805
      View Details
    • Value Estimation
      $325,000
      1,710 SF

      287 Little Crk Rd

      AUTO REPAIR, GARAGE • 1,710 SF
      287 Little Crk Rd, Norfolk, VA 23505-2519
      View Details
    • Value Estimation
      $110,000
      0.31 Acres

      557 Little Crk Rd

      PARKING LOT • 0.31 Acres
      557 Little Crk Rd, Norfolk, VA 23505-2803
      View Details

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    Similar Nearby for Lease

    • $15,416 /Mo
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      High-Visibility Retail Space Available

      Prime retail location with ample parking and easy highway access.
      7601 Granby St, Norfolk, VA 23505
      View Details
    • Contact for pricing
      54,287 SF

      Glenwood Shoppes: Prime Retail Space

      Grocery-anchored center, Naval Base access.
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      Grocery-Anchored Retail Space Available

      Retail spaces available in new Norfolk development near major retailers.
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      Retail Space in Southern Center

      Retail space available in well-leased shopping center near naval station.
      7525 Tidewater Dr, Norfolk, VA 23505
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      Retail Space in Little Creek Marketplace

      Retail space available in Norfolk's Little Creek Marketplace.
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      Retail Space in High-Traffic Area

      Retail space with high visibility and convenient access in Norfolk.
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    Norfolk, VA 23505-2510
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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