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    1951-1989 S Military Hwy Chesapeake, VA 23320

    For Lease
    $16 SF/Yr ($3,333 /Mo)

    Retail space available in value-oriented regional shopping center.

    Property size:
    2,500 SF
    Lot size:
    26.68 Acres

    Property Features for 1951-1989 S Military Hwy

    General Information

    Size
    2,500 SF
    Lot size
    26.68 Acres

    Source: Kotarides Property Management Agent Susan Springer

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

    Overview

    Value-Oriented Regional Shopping Center Space

    This property is a value-oriented regional shopping center with a bus transfer station located on the premises. The center features Big Lots, Dollar Tree, and CitiTrends. Home Emporium, Hibbett Sports, and Rainbow Fashions are scheduled to open in the summer of 2024. The property offers close access to I-64, I-464, and Battlefield Blvd. Available retail space is 2,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.2538107
    Latitude
    36.7884006

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    FAQs

    What type of property is this?
    Shopping mall - Retail space available in value-oriented regional shopping center.
    Where is this shopping mall located?
    The property is located at 1951-1989 S Military Hwy Chesapeake, VA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Value-oriented Regional Shopping Center; - Anchor tenants include Big Lots, Dollar Tree, CitiTrends, Home Emporium, Hibbett Sports, and Rainbow Fashions (opening Summer 2024); - Close access to I-64, I-464 and Battlefield Blvd.
    (757) 461-1000
    Request Owner's contact information
    1951-1989 S Military Hwy Chesapeake, VA 23320
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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
    1951-1989 S Military Hwy Chesapeake, VA 23320
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