Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2001 S Military Hwy Chesapeake, VA 23320

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    124,000 SF retail space divisible to 60,000 SF.

    Property size:
    124,662 SF
    Lot size:
    14.61 Acres

    Property Features for 2001 S Military Hwy

    General Information

    Size
    124,662 SF
    Lot size
    14.61 Acres

    We can help!

    Listing Contact
    Chris Good
    Chris Good
    Source: Moodyscre

    Listing Agent: Chris Good

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

    Learn more

    Property Insight Report

    Overview

    Divisible Retail Space in Chesapeake

    This retail space offers 124,000 square feet, divisible to 60,000 square feet, and can be configured with loading docks on both sides of the property. It features an 18-foot clear height with 45-foot by 40-foot column spacing. The B-2 zoning permits retail and many other business uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Oriental Nail Salon Nail Salon kmart Discount Store Pressure Works, Inc. Industrial Equipment Supplier H&R Block Tax Preparation Service KeyMe Key Duplication Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.258254
    Latitude
    36.7846616

    Nearby Similar for Lease

    • $900 /Mo
      871 SF

      Chesapeake Office Suite For Lease

      Versatile office suite in Chesapeake, ideal for small businesses.
      3808 Poplar Hl Rd Unit, Chesapeake, VA 23321
      View Details
    • $900 /Mo
      436 SF

      Chesapeake Office Suite For Lease

      Functional office suite in a convenient Chesapeake location, move-in ready.
      3808 Poplar Hl Rd Unit, Chesapeake, VA 23321
      View Details
    • $18 SF/Yr
      81,318 SF

      Adaptable Office/Flex Space Available

      31,568 sqft office/flex space in Greenbrier, Chesapeake, VA.
      850 Greenbrier Cir, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      5,000 SF

      Mixed-Use Development Retail Space

      Retail space available in a large mixed-use development.
      500 Volvo Pkwy, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      2,185 SF

      Mixed-Use Development with Retail Space

      Mixed-use project with retail, office, and residential spaces for lease.
      Volvo Pkwy, Chesapeake, VA 23320
      View Details
    • $1,350 /Mo
      15,000 SF

      Chesapeake Office Leasing Opportunity

      Modern office space in a prime Chesapeake location.
      1021 Eden Way N, Chesapeake, VA 23320
      View Details
    • $14 SF/Yr
      15,500 SF

      Versatile Office/Warehouse Space Available

      6,660 SF office and warehouse space for lease.
      2001 Old Greenbrier Rd, Chesapeake, VA 23320
      View Details
    • $10,000 /Mo
      2,000 SF

      Versatile Warehouse with Secured Yard

      Warehouse with office trailers and large, secured, lit yard.
      1208 Mccloud Rd, Chesapeake, VA 23320
      View Details
    • $24 SF/Yr
      9,819 SF

      Class A Office Space Available

      Two-story office building with lake views and walking trails.
      1301 Executive Blvd, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      6,242 SF

      New Retail Strip in Chesapeake

      Newly constructed retail strip with high visibility and traffic flow.
      146 Battlefield Blvd S, Chesapeake, VA 23320
      View Details
    • $24 SF/Yr
      2,101 SF

      Class A Office Space Available

      Two-story Class A office building in Liberty Executive Park.
      1305 Executive Blvd, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      18,196 SF

      Renovated Chesapeake Warehouse with Laydown

      18,196 SF warehouse with renovated office and laydown yard.
      1828 S Military Hwy, Chesapeake, VA 23320
      View Details

    FAQs

    What type of property is this?
    Retail space - 124,000 SF retail space divisible to 60,000 SF.
    Where is this retail space located?
    The property is located at 2001 S Military Hwy Chesapeake, VA.
    What are key features of this property?
    This property features: - 124,000 s.f. total space.; - Divisible to 60,000 s.f. and able to configure loading docks on both sides.; - 18’ clear height.
    (757) 461-1000
    Request Owner's contact information
    2001 S Military Hwy Chesapeake, VA 23320
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2001 S Military Hwy
    Chesapeake, VA 23320
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2001 S Military Hwy Chesapeake, VA 23320
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chris Good
    Chris Good
    (757) 461-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.