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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Office Spaces
801 25th St Ste 102 Norfolk, VA 23504-1923
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-3382715
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2009
Total area
5,720 SF
Lot
0.32 ac (13,826 SF)
Zoning code
I-2
APN
2238007
UPID
US87-3382715
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
-
Gulf Copper Ship Repair, Inc. – Norfolk Factory Production Facility
-
Starburst Construction LLC. General Contractor
-
Q10 Government Contracting Business Service Center
-
THR Enterprise Inc Construction Company General Contractor
-
SICE Inc - Virginia Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.19M
Owner & transaction history
801 25th LLC · 4 yrs held
801 25th LLC
since 2022
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
I-2 · 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
Method
Estimation
Statistic approach
$1,560,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
$1,405,000
6.5%
$1,300,000
7%
$1,205,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,125,000
Current use
AUTO REPAIR, GARAGE
$1,105,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$940,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.20M (Jun 28 2022)
Last sale anchor
$1.20M
Jun 28 2022
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
$207 / 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
$7,551
Tax year 2024
Assessed value
$604,100
Assessed 2024
Previous assessed
$590,400
+2.3% YoY
Effective rate
1.25%
On assessed value
Assessed land
$126,000
Assessed improvement
$478,100
Land market value
$126,000
Improvement market value
$478,100
Total market value
$604,100
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
5,720 SF
Lot
0.32 ac (13,826 SF)
Zoning code
I-2
APN
2238007
UPID
US87-3382715
Jurisdiction
NORFOLK CITY
Zoning & alternative use
I-2 · Norfolk, VA
Zoning I-2 · permitted uses
I-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$940,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
801 25th LLC
Entity
Free & Clear · 4 yrs held
Mailing address
440 MONTICELLO AVE STE #1700, NORFOLK, VA 23510-2670
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
$1,200,000
801 25th LLC
Starburst Construction LLC
Special Warranty Deed
—
Oct 13, 2015
$575,000
Skydance LLC A Virginia Limited Lia
25th Street Park LLC A Virginia Lim
Warranty Deed
$480,000 · Heritage Bank
Nov 4, 2009
$875,000
25th Street Park LLC
Starburst Construction LLC
Bargain And Sale Deed
$560,000 · Suntrust 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.
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