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Financial
Distress signals
Property profile

7816 Merritt St Norfolk, VA 23513

OFF-MARKET
Commercial real estate
Property ID
US87-3390836
2,155 SF 0.23 ac lot Built 1952
Last sale Sep 2006 · $75,000
Individually Owned Owner of record is an individual. 20-yr Hold Held for 20 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$2k
Tax billed · 2024
Assessed value$192k
Assessed land$90k
Assessed improvement$102k
Effective rate1.25%

Value estimate

· Oct 2026
$255k
$230k – $281k
AI approach$255k

Realmo valuation models over county records and 23 qualifying comparable sales.

Recently sold

What actually traded nearby?
$116/SF
Submarket average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$68 – $159
Qualifying comparables23

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office23.3
Law Firm22.1
Building Supply13.9

Location

7816 Merritt St Norfolk, VA 23513-4610
County assessor Recorded deeds · 1 transfer 23 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6324 Sewells Pt, Norfolk, VA 23513-3227 $47,500 Oct 2021 2,100 SF
2715 Wyoming, Norfolk, VA 23513-4439 $260,000 May 2021 3,406 SF
5280 Beamon, Norfolk, VA 23513-2312 $155,000 Mar 2021 2,826 SF
850 Norview, Norfolk, VA 23513-3424 $650,000 May 2020 3,200 SF
2624 Nevada, Norfolk, VA 23513-4411 $175,000 Mar 2019 2,381 SF
2714 Florida, Norfolk, VA 23513-4408 $126,000 Nov 2018 1,469 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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