Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1672 Sentinel Dr Chesapeake, VA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully equipped restaurant in a high-traffic retail area.

    Type:OFFICE
    Property size:
    7,071 SF
    Lot size:
    1.77 Acres
    Added:
    Apr 2, 2025
    Days on Market:
    391
    Last Refresh:
    Apr 5 at 10:50 pm

    Property Features for 1672 Sentinel Dr

    General Information

    Standard status
    Active
    Size
    7,071 SF
    Lot size
    1.77 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Jeff Parker

    Listing agent Jeff Parker

    Listing office CBRE | Norfolk

    Listing date Apr 2, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Norfolk

    Overview

    Restaurant Opportunity in Retail Corridor

    This is a fully equipped restaurant opportunity located in a dominant retail corridor. The modern, second-generation restaurant space offers excellent retail fundamentals and demand drivers, with strong day and nighttime demographics. The property, totaling 7071 square feet, is available for owner occupancy, with the current tenant set to vacate prior to purchase. All furniture, fixtures, and equipment (FF&E) will convey with the sale; refer to the equipment list for details.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recovery Sports Grill Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Smokin Butts Barbeque Inc — 4704 rutledge rd, chesapeake, va 23320

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.2542
    Latitude
    36.7771

    Nearby Similar for Sale

    • $120,000
      2,000 SF

      Established Dessert Cafe in Chesapeake

      Turn-key dessert cafe in Chesapeake's Greenbrier area for sale.
      1032 Volvo Parkway, Chesapeake, VA 23320
      View Details
    • $349,000
      825 SF

      Renovated Commercial Building on Corner Lot

      Fully renovated commercial building on high-visibility corner lot.
      1234 Bainbridge Boulevard, Chesapeake, VA 23324
      View Details
    • $4,000,000
      28,400 SF

      Chesapeake Commercial/Industrial Opportunity For Sale

      Versatile commercial property with warehouse, office, and showroom spaces.
      4653 Battlefield Boulevard, Chesapeake, VA 23320
      View Details
    • $700,000

      Versatile Chesapeake Medical/Professional Office

      Adaptable office space in a desirable Chesapeake location.
      3808 POPLAR HILL Road, CHESAPEAKE, VA 23321
      View Details
    • $499,000
      3,360 SF

      Unique Commercial Space For Sale

      Commercial space suitable for art gallery, studio, or boutique.
      3106 Western Branch Boulevard, Chesapeake, VA 23321
      View Details
    • $295,000
      1,250 SF

      Turnkey Commercial Opportunity in Chesapeake

      Versatile commercial property in Chesapeake's South Norfolk Business District.
      4208 Bainbridge Boulevard, Chesapeake, VA 23324
      View Details
    • $325,000
      864 SF

      Mixed-Use Property in Chesapeake, VA

      Unique mixed-use property with commercial and residential potential.
      509 Cedar Road, Chesapeake, VA 23322
      View Details
    • $145,000
      3,200 SF

      Turnkey Restaurant and Lounge For Sale

      Established restaurant and lounge with games and seating available.
      2139 Chesapeake Drive, Chesapeake, VA 23324
      View Details
    • $435,000
      4,000 SF

      Mixed-Use Property Near Downtown Norfolk

      Fully rented mixed-use property with commercial and residential spaces near downtown.
      1300 Bainbridge Boulevard, Chesapeake, VA 23324
      View Details
    • $495,000
      2,679 SF

      Commercial Property in Great Bridge

      Commercial property with potential in the heart of Great Bridge.
      372 S Battlefield Boulevard, Chesapeake, VA 23322
      View Details
    • $1,199,000
      2,623 SF

      Restaurant Space on South Military

      High-visibility restaurant space centrally located on South Military Highway.
      1370 S Military Hwy, Chesapeake, VA
      View Details
    • $2,900,000
      13,813 SF

      Freestanding Retail Building with Drive-Thru

      Former drug store with drive-thru at signalized intersection.
      2040 Atlantic Ave, Chesapeake, VA
      View Details

    FAQs

    What type of property is this?
    Restaurant - Fully equipped restaurant in a high-traffic retail area.
    Where is this restaurant located?
    The property is located at 1672 Sentinel Dr Chesapeake, VA.
    What are key features of this property?
    This property features: Excellent retail fundamentals and demand drivers; Located in a dominant retail corridor; Modern construction 2nd generation Restaurant
    (757) 478-9920 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Parker
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!