885 KempsvilleNorfolk, VA 23502

  • Healthcare properties
  • 73,896 SF
Off market
$8,530,000 Estimated

Property Details for 885 Kempsville

Year built
2001
Lot size
5.66 AC
Property size (Sq ft)
73,896 SF
Zone code
C-2
Property type
Healthcare properties
Property subtype
Medical offices
APN
24977663
APU
24977663

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $15,604,401
    6.5%
    $14,404,063
    7%
    $13,375,201
  • Comparable approach

    Method
    Valuation
    Relative Method
    $9,468,536
    Geo Method
    $12,341,371
  • Alternative Use

    Use
    Valuation
    Residential
    $17,861,038
    Hospitality
    $16,360,614
    Educational
    $13,611,839
    Medical
    $14,079,971
    Retail
    $21,173,972
885 Kempsville, Norfolk, Virginia

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.8532
Longitude
-76.1941
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
$106,625
$2,709,700
$5,820,300
$8,530,000
-
$2,709,700
$5,820,300
$8,530,000

FAQs

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