Versatile Commercial Property in
For Sale
$4,000,000
4653 Battlefield Boulevard, Chesapeake, VA 23320
COMMERCIAL - Chesapeake, VA
Property Size28,400 SF
Lot Size13.59 Acres
Price / SF$140.85
Days on Market194
Property Features for 4653 Battlefield Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
A1 B2
Parking features
Covered
Subdivision
ALL OTHERS AREA 32
Standard status
Active
Size
28,400 SF
Lot size
13.59 Acres
Taxes and HOA fees
Tax Annual Amount
16289
Utilities
Cooling system
Central Air
Building Details
Year built
1975
Roof type
Metal
Listing Agency:
Atlantic Sothebys Int'l Realty · Sotheby's International Realty
(757) 777-9870
Listed By:
Kris Weaver
(757) 340-5555
Added: Jan 23
Changed: Aug 4
Last Checked: Aug 5 at 8:06PM
MLS# 10617270
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Investment Insights
Based on property information with market context.
This commercial property in Chesapeake, VA, presents an exceptional opportunity with multiple buildings totaling nearly 30,000 square feet. The property includes multiple office suites, a dedicated showroom, and substantial warehouse space suitable for various needs. The warehouses feature clear-span ceilings exceeding 18 feet, multiple bay doors, and a post-free interior design to maximize usable space. Onsite amenities include bathrooms, a well and septic system, and two separate meters with 3-phase power. The property is situated on approximately 13.59 acres, offering potential for future expansion and rental income. A main access cut-through from the 4-lane road ensures excellent visibility and direct ingress for vehicles of all sizes. The property is zoned A1 B2. This property is ideal for contractors, industrial users, distribution, or multi-tenant investment.
Key Highlights
- Nearly 30,000 sq ft of space across multiple buildings, including office suites, showroom, and warehouse space.
- Almost 14 acres of land with room for future expansion and rental income potential.
- Warehouses feature 18+ ft clear‑span ceilings, multiple bay doors, and no interior posts.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $405.6k | $14.28 |
| − Vacancy | −$21.9k | −$0.77 |
| EGI | $383.7k | $13.51 |
| − OpEx | −$115.1k | −$4.05 |
| NOI | $268.6k | $9.46 |
28,400 SF · lease $14.28/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Office B
$6.21M
$5.43M – $7.24M
NOI $434,520 @ 7.0% cap · market cap 10.86%
Second Best
Retail
$3.84M
$3.36M – $4.48M
NOI $268,557 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$8.39M
$7.34M – $9.79M
NOI $587,539 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23320, VA
60,412
Population
26,131
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
93%
High-School Grad
31.7 sq mi
ZIP Area
1,906
Density / Sq Mi
$81,736
Median Household Income
$49,403
Median Earnings
$1,654
Median Rent
$323,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Multi-building commercial property with warehouse, office, and showroom spaces.
Where is this warehouse located?
The property is located at 4653 Battlefield Boulevard Chesapeake, VA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Nearly 30,000 sq ft of space across multiple buildings, including office suites, showroom, and warehouse space.; Almost 14 acres of land with room for future expansion and rental income potential.; Warehouses feature 18+ ft clear‑span ceilings, multiple bay doors, and no interior posts.
