Realmo Analytics

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Property profile

968 1st Colonial Rd Ste 104 Virginia Beach, VA 23454

OFF-MARKET
Medical Office Space
Property ID
US87-0868279
4,199 SF Built 1987
Last sale May 2014 · $540,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Absentee Owner Owner mailing address differs from the property address.
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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?
$6k
Tax billed · 2024
Assessed value$575k
Assessed land$281k
Assessed improvement$294k
Effective rate0.99%

Value estimate

· Oct 2026
$285k
$257k – $314k

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.7
Parking Facility13.4
Electrical Service12.3

Location

968 1st Colonial Rd Ste, Unit 104 Virginia Beach, VA 23454-3171
County assessor Recorded deeds · 1 transfer 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
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
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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