848 1st Colonial Rd Virginia Beach, VA 23451-6126
Property profile & analytics
848 1st Colonial Rd, Virginia Beach, VA 23451-6126
- Medical Office Space
- 6,769 SF
- 0.93 lot acres
Property ID
US87-1095583
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.
Location Intelligence
Current Use by Public Records
- Crystal Clear Eye Surgeons / Medical Clinic / Ophthalmologist
- First Colonial Eye Center / Ophthalmologist
- Hal Breedlove, O.D., Crystal Clear Eye Surgeons / Physician
- Tristen Basinger / Physician
- Dr. Richard L. Morris, MD / Physician / Medical Clinic
Property Details for 848 1st Colonial Rd
- Year built
- 1987
- Construction
- FRAME
- Lot size
- 0.93 lot acres
- Zone code
- O2
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 24087033290000
- APU
- 24087033290000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 10, 2020 | — | 848 Properties LLC | — | Deed · related | $566k · 504 Capital Corporation |
| Apr 22, 2020 | $1,175,000 | 848 Properties LLC | Rampona Properties INC | Bargain And Sale Deed | $686k · Towne Bank Mortgage |
| — | — | Rampona Properties INC | — | Deed Of Trust · related | $151k · Heritage Bank |
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,375,000
- ML approach
- $1,325,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,340,000
- 6.5%
- $1,235,000
- 7%
- $1,145,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,754,000
Market price range: $1.17M - $2.21M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,595,000 Current use
- RETAIL STORES
- $1,955,000 Change: +23% Conversion: Difficult
- OFFICE BUILDING
- $1,750,000 Change: +10% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach City
- State
- Virginia
- Longitude
- -76.0239
- Latitude
- 36.8554
- 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
$12,970
$762,900
$547,200
$1,310,100
-
$762,900
$547,200
$1,310,100
