Taxes
- Assessed Value: $11,138,700
- Assessed Year: 2025
- Assessed County: Virginia Beach City
- APN: 149-760-62770-000
- Assessed Land Value: 786000
- Market Land Value: 786000
- Tax Amount: 108045.4
- Tax Year: 2025
- Market Value: 11138700
- Market Year: 2025
489 Progress Ln; Virginia Beach, VA Property Details
Off market
489 Progress Ln Virginia Beach, VA 23454
$11,138,700 Estimated Value
111,585 SqFt
Property Type
Industrial (General)Property Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Corporate
- Owner Status: Corporate
- Year Built: 2012
- Purchase Price: $10,578,499
- Open Loans / Balance: 1 / $5,329
- APN: 149-760-62770-000
- Situs County: Virginia Beach City
- Length Of Ownership: 4 years, 7 months
Structure
- Building Style: Steel
- Stories: 1
- Building Condition: Average
- Building Quality: C
Measurements
- Total: 111,585/SqFt
- Lot: 304,354/SqFt
- Gross: 111,585/SqFt
- Living: 111,585/SqFt
- Building: 111,585/SqFt
- Ground: 111,585/SqFt
- Price Per Square Foot: $94.80
Legal Description
- Description: LONDON BRIDGE INDUSTRIAL PARK PARCEL 1-B 6.987 AC
Building Insights
Land Information
- Property Type: Industrial (General)
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Virginia Beach City Public Schools
- Lat / Lon: 36.82812 / -76.06104
- Subdivision: London Bridge Industrial Park
- Property Class: Industrial
- Zoning: I1
- County Use Code: 451
Amenities
- Plus Four: 3477
- Cooling: None
- Heating: Yes
Ownership Info
489 Progress Ln has no associated ownership info
489 Progress Ln has no associated ownership info.
Taxes
489 Progress Ln has 10 associated Taxes items
489 Progress Ln, Virginia Beach, VA pays taxes in Virginia Beach City County, VA. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $11,138,700. The APN we've located for 489 Progress Ln is 149-760-62770-000.
Unlock the full reportTax History
489 Progress Ln has 13 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $11,138,700 | Land Value $786,000 | Improvement Value $10,352,700 | Tax Amount $108,045.4 | Change Rate -0.004913% | Assessed CR | Tax Rate +0.0097% |
| Year 2024 | Assessed Value $11,193,700 | Land Value $784,100 | Improvement Value $10,409,600 | Tax Amount $108,578.9 | Change Rate +0.039068% | Assessed CR | Tax Rate +0.0097% |
| Year 2023 | Assessed Value $10,555,200 | Land Value $784,100 | Improvement Value $9,771,100 | Tax Amount $104,496.48 | Change Rate +0.079341% | Assessed CR | Tax Rate +0.0099% |
| Year 2022 | Assessed Value $9,779,300 | Land Value $784,100 | Improvement Value $8,995,200 | Tax Amount $96,815.07 | Change Rate +0.041537% | Assessed CR | Tax Rate +0.0099% |
| Year 2021 | Assessed Value $9,389,300 | Land Value $784,100 | Improvement Value $8,605,200 | Tax Amount $92,954.08 | Change Rate -0.024117% | Assessed CR | Tax Rate +0.0099% |
| Year 2020 | Assessed Value $9,361,300 | Land Value $723,100 | Improvement Value $8,638,200 | Tax Amount $95,251.24 | Change Rate +0.053951% | Assessed CR | Tax Rate +0.010175% |
| Year 2019 | Assessed Value $9,015,000 | Land Value $645,100 | Improvement Value $8,369,900 | Tax Amount $90,375.38 | Change Rate | Assessed CR | Tax Rate +0.010025% |
| Year 2018 | Assessed Value $9,015,000 | Land Value $645,100 | Improvement Value $8,369,900 | Tax Amount $90,375.38 | Change Rate -0.010938% | Assessed CR | Tax Rate +0.010025% |
| Year 2017 | Assessed Value $9,114,700 | Land Value $645,100 | Improvement Value $8,469,600 | Tax Amount $91,374.87 | Change Rate +0.015858% | Assessed CR | Tax Rate +0.010025% |
| Year 2016 | Assessed Value $9,085,700 | Land Value $645,100 | Improvement Value $8,440,600 | Tax Amount $89,948.44 | Change Rate +0.008245% | Assessed CR | Tax Rate +0.0099% |
| Year 2015 | Assessed Value $9,011,400 | Land Value $645,100 | Improvement Value $8,366,300 | Tax Amount $89,212.86 | Change Rate | Assessed CR | Tax Rate +0.0099% |
| Year 2014 | Assessed Value $8,966,400 | Land Value $645,100 | Improvement Value $8,321,300 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2013 | Assessed Value | Land Value | Improvement Value | Tax Amount $79,772.62 | Change Rate | Assessed CR | Tax Rate |