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    501 Discovery Dr Chesapeake, VA 23320

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    For Sale
    Contact for pricing

    Engineered land near Route 168 and Chesapeake Regional Medical Center.

    Lot size:
    1.64 Acres

    Property Features for 501 Discovery Dr

    General Information

    Lot size
    1.64 Acres

    Source: S.L. Nusbaum Realty Co - Corporate Agent Chris Zarpas

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

    Overview

    Prime Land Near Medical Center

    This commercial land offers fully engineered site plans available for a 7,000 to 10,000 square foot building. The location provides quick access to Route 168 and other major thoroughfares. Its proximity to over a dozen medical providers and Chesapeake Regional Medical Center offers a strong patient referral base. The site features convenient ingress and egress with ample parking. The property allows for customization, enabling the creation of a floorplan to meet specific needs. Stormwater retention is already in place. The area has an Average Household Income (AHI) of $117,000 within a 5-mile radius.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Geoffrey Wright Orthopedic Surgeon Jeremy L. Walters, ... Orthopedic Surgeon Dr. Alireza Jamali Orthopedic Surgeon Dr. Samuel Brown Orthopedic Surgeon Dr. Catherine Rapp Orthopedic Surgeon

    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
    -76.2228212
    Latitude
    36.7348682

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    FAQs

    What type of property is this?
    Commercial land - Engineered land near Route 168 and Chesapeake Regional Medical Center.
    Where is this commercial land located?
    The property is located at 501 Discovery Dr Chesapeake, VA.
    What are key features of this property?
    This property features: - Fully engineered site plans available for a 7,000 - 10,000 SF building.; - Prime Location: Quick access to Route 168 and major thoroughfares.; - Strong patient referral base due to the close proximity to over a dozen medical providers and Chesapeake Regional Medical Center.
    (757) 237-7500
    Request Owner's contact information
    501 Discovery Dr Chesapeake, VA 23320
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    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
    501 Discovery Dr Chesapeake, VA 23320
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