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Property profile & analytics
OFF-MARKET
Estimated value
$5,385,000
Hospitals
827 Norview Ave Norfolk, VA 23509-1540
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-3389706
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1984
Total area
28,060 SF
Lot
3.55 ac (154,769 SF)
Zoning code
IN-1
APN
32358110
UPID
US87-3389706
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
-
Thornton Hall Nursing & Rehabilitation Center Nursing Home
-
Crystal Mcclimans Physician
-
Sandra Weaver Physician
-
Ruxton Health of Norfolk Nursing Home
-
Norview Heights Rehabilitation and Nursing Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.39M
CAP Approach
CAP
$4.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.39M
Owner & transaction history
Norview Heights Propco LLC · 2 yrs held
Norview Heights Propco LLC
since 2024
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
IN-1 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Adopted Zoning Ordinance
Top alternative use upside
Restaurant
$4.0M
+129.7%
Auto repair, garage
$3.4M
+92.2%
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
$5,385,000
ML approach
$5,385,000
CAP Approach
CAP Return
Estimation
6%
$5,350,000
6.5%
$4,940,000
7%
$4,590,000
Alternative Use
Use
Estimation
RESTAURANT
$4,040,000
Change: +130% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,385,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$5.39M
Range $4.85M – $5.92M · ±10% · vs last sale $5.38M (May 3 2024)
Last sale anchor
$5.38M
May 3 2024
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
$192 / 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
$51,138
Tax year 2024
Assessed value
$4,091,000
Assessed 2024
Previous assessed
$4,032,200
+1.5% YoY
Effective rate
1.25%
On assessed value
Assessed land
$928,700
Assessed improvement
$3,162,300
Land market value
$928,700
Improvement market value
$3,162,300
Total market value
$4,091,000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
28,060 SF
Lot
3.55 ac (154,769 SF)
Zoning code
IN-1
APN
32358110
UPID
US87-3389706
Jurisdiction
NORFOLK CITY
Zoning & alternative use
IN-1 · Norfolk, VAZoning IN-1 · permitted uses
IN-1 · Norfolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Adopted Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.4M
RESTAURANT
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.55 ac
Current owner
From public records · entity-resolved
Norview Heights Propco LLC
Entity
Mailing address
980 SYLVAN AVE, ENGLEWOOD CLIFFS, NJ 07632-3315
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
—
Thalia Gardens Propco LLC
—
Deed
related
$455,500,000 · Monticelloam Funding LLC Series Sh-94
May 3, 2024
$5,383,600
Norview Heights Propco LLC
Norfolk Va Propco LLC
Special Warranty Deed
$220,000,000 · Computershare Trust Company NA
Jun 15, 2021
—
Norfolk Va Propco LLC
—
Deed
related
$6,700,000 · Bankwell Bank
Dec 5, 2019
$5,600,000
Norfolk Va Propco LLC
Reilly Norfolk Real Estate LLC
Special Warranty Deed
$4,905,000 · Congressional Bank
Dec 28, 2012
$2,300,000
Reilly Norfolk Real Estate LLC
Thornton Hall INC
Bargain And Sale Deed
$2,057,559 · Suntrust Bank
Sep 15, 2005
$25,000
Thornton Hall INC
Westover Associates LLC
Bargain And Sale Deed
—
Sep 8, 2005
—
Catherine Thoma
Catherine Thoma
Gift Deed
related
$1,979,093 · Suntrust Bank
Apr 12, 2005
—
Thornton Hall Of Norfolk LLC
Catherine A Thoma
Gift 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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