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    1004 Hillwell Rd Chesapeake, VA 23322

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    For Lease
    $30 SF/Yr

    Corner lot retail/office/medical space for lease. Delivering Q4 2020.

    Property size:
    10,500 SF
    Lot size:
    1.55 Acres

    Property Features for 1004 Hillwell Rd

    General Information

    Size
    10,500 SF
    Lot size
    1.55 Acres

    Source: Cushman & Wakefield | Thalhimer - Virginia Beach Agent Wick Smith

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

    Overview

    Retail/Office/Medical Space For Lease

    This property features a corner lot at a signalized intersection. The available space is 11,000 square feet to be built, with delivery expected in Q4 2020. The location is near Battlefield Boulevard and Chesapeake Expressway, adjacent to Hanbury Village Shopping Center. Over 71,000 vehicles per day pass by on Chesapeake Expressway. The property is suitable for office, medical, or service uses. The property size is 10,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.2220786
    Latitude
    36.687196

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    FAQs

    What type of property is this?
    Retail space - Corner lot retail/office/medical space for lease. Delivering Q4 2020.
    Where is this retail space located?
    The property is located at 1004 Hillwell Rd Chesapeake, VA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - High traffic volume: Over 71,000 vehicles per day on Chesapeake Expressway.; - Strategic Location: **Corner lot at a signalized intersection.**; - New Construction: **11,000 sq ft to be built, delivering Q4 2020.**
    (919) 423-4428
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    1004 Hillwell Rd Chesapeake, VA 23322
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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
    1004 Hillwell Rd Chesapeake, VA 23322
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