Manufacturing Property with Office
For Sale
$330,000
1410 Poindexter Street, Chesapeake, VA 23324
Commercial/Industrial, Chesapeake, VA
Property Size1,992 SF
Lot Size0.10 Acres
Price / SF$165.66
Days on Market58
Property Features for 1410 Poindexter Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B5
Parking features
Off Street
Subdivision
SOUTH NORFOLK
Standard status
Active
Size
1,992 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
1300
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Amenities
conference room
Building Details
Year built
1920
Roof type
Metal, Shingle
Listing Agency:
Long & Foster Real Estate Inc.
(757) 428-4600
Listed By:
Betty Boyd
(888) 536-0216
Added: Aug 12
Changed: Oct 1
Last Checked: Oct 8 at 6:06AM
MLS# 10648841
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1410 Poindexter Street in Chesapeake, this 1,992-square-foot manufacturing property includes the building, land, equipment, and an additional parcel. The property was previously used for candy and pudding production and has been certified by the Board of Health. A second-floor area provides office and conference room space, while heat pump heating and central air serve the building. The roof includes metal and shingle sections, and the property was built in 1920.
Off-street parking is available at the rear and along Phillip Street. The 0.102-acre lot is included in the sale, and the property is zoned B5. No lease is currently in place.
Off-street parking is available at the rear and along Phillip Street. The 0.102-acre lot is included in the sale, and the property is zoned B5. No lease is currently in place.
Key Highlights
- 1,992‑square‑foot manufacturing property with building, land, and equipment included
- Previously used for candy and pudding manufacturing
- Second‑floor offices and conference room space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,258
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,160
$445.2K
Cap Rate 7%
$317,971
$318.0K
Cap Rate 9%
$247,311
$247.3K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$31.1K $15.60/SF
− Vacancy
−$1.4K −$0.70/SF
EGI
$29.7K $14.90/SF
− OpEx
−$7.4K −$3.72/SF
NOI
$22.3K $11.17/SF
Area
Chesapeake, VA
Vacancy
4.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,160
Cap Rate 7%
$317,971
Cap Rate 9%
$247,311
Alternative Uses
Best Use
Specialty Retail
$318.0K
$278.2K – $371.0K
NOI $22,258 @ 7.0% cap · market cap 6.74%
Second Best
Industrial
$126.5K
$110.7K – $147.6K
NOI $8,855 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$588.7K
$515.1K – $686.8K
NOI $41,210 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 23324, VA
24,239
Population
9,834
Households
2.5
Avg Household Size
34
Median Age
21%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,618
Density / Sq Mi
$57,774
Median Household Income
$39,642
Median Earnings
$1,145
Median Rent
$242,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Food-production building with upper-level offices, conference space, equipment, and off-street parking.
Where is this manufacturing property located?
The property is located at 1410 Poindexter Street Chesapeake, VA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,992‑square‑foot manufacturing property with building, land, and equipment included; Previously used for candy and pudding manufacturing; Second‑floor offices and conference room space
