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    1245 Cedar Rd Chesapeake, VA 23322

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    Recently renovated shopping center anchored by Food Lion and Fitness 19.

    Property size:
    4,800 SF
    Lot size:
    11.39 Acres

    Property Features for 1245 Cedar Rd

    General Information

    Size
    4,800 SF
    Lot size
    11.39 Acres

    Source: Colliers | Norfolk Agent George Fox

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Shopping Center Retail Space

    This retail space is located within the recently renovated Las Gaviotas neighborhood shopping center, which encompasses 90,505 square feet. The center is anchored by a long-standing Food Lion with a substantial lease term and growing sales. In addition to Food Lion, the center features Fitness 19, along with a diverse mix of popular restaurants and essential retail providers. The location caters to some of the highest average household income areas in Hampton Roads. The available property offers 4,800 square feet of space at 1245 Cedar Rd, Chesapeake, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Redbox Movie Rental Kiosk VA Wholesale Kitchen ... Cabinet Store Chesapeake Wellness Center Chiropractor Creek Bar Mr Tobacco & Vapor Vaporizer Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.2832207
    Latitude
    36.7147238

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    FAQs

    What type of property is this?
    Shopping center - Recently renovated shopping center anchored by Food Lion and Fitness 19.
    Where is this shopping center located?
    The property is located at 1245 Cedar Rd Chesapeake, VA.
    What are key features of this property?
    This property features: - Anchored by long-standing Food Lion with a substantial lease term and growing sales.; - Located in an area with some of the highest average household incomes in Hampton Roads.; - Recently renovated neighborhood shopping center.
    (757) 490-3300
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    Chesapeake, VA 23322
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1245 Cedar Rd Chesapeake, VA 23322
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