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Property profile

933 1st Colonial Rd Virginia Beach, VA 23454

OFF-MARKET
Medical Office Space
Property ID
US87-0870089
38,888 SF 3.62 ac lot Built 1988
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This office space is located in the Hilltop and Great Neck neighborhoods and comprises 962 square feet. The property includes ample on-site parking and features landscaped grounds and shared common areas within the building.

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?
$59k
Tax billed · 2024
Assessed value$6.00M
Assessed land$2.10M
Assessed improvement$3.90M
Effective rate0.99%

Value estimate

· Oct 2026
$5.13M
$4.62M – $5.64M
Submarket $/SF estimate$3.54M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$235/SF
Submarket average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$173 – $326

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?
O2
The O-2 Office District is intended for larger scale office and institutional structures and uses in areas where public facilities are av...
General categoryCIVIC_INSTITUTIONAL
JurisdictionVIRGINIA BEACH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility13.4
Law Firm13.0
Electrical Service12.3

Location

933 1st Colonial Rd Virginia Beach, VA 23454-3172
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1800 Camelot Dr, Virginia Beach, VA 23454-2440 $13,750,000 Sep 2022 47,708 SF
1717 Will O Wisp, Virginia Beach, VA 23454-3102 $20,785,878 Jan 2022 50,022 SF
1817 Republic, Virginia Beach, VA 23454-4543 $2,650,000 Feb 2021 10,036 SF
1849 Old Donation, Virginia Beach, VA 23454-3004 $1,300,000 Aug 2019 10,200 SF
1788 Republic, Virginia Beach, VA 23454-4552 $3,150,000 Feb 2019 18,598 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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