Mixed-Use Property with
1300 Bainbridge Boulevard, Chesapeake, VA 23324
For Sale
$435,000
Commercial/Industrial, Chesapeake, VA
Property Size4,000 SF
Lot Size0.12 Acres
Price / SF$108.75
Days on Market411
Property Features for 1300 Bainbridge Boulevard
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Directions
Standard status
Size
Lot size
Additional Details
Tenant in Place
Mixed-Use Components
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Roof type
Listing Agency:
BHHS RW Towne Realty · Berkshire Hathaway HomeServices
(757) 436-3636
Listed By:
George Trotman · License VA #212401
(757) 690-0439
Added: Sep 26, 2025
Changed: Nov 7
Last Checked: Nov 10 at 5:06PM
MLS# 10603705
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,000-square-foot mixed-use property occupies a 0.115-acre site and combines two commercial spaces with three residential apartments. An additional office with a half bath and separate entrance provides owner-use space, while five separate electric meters support the building’s configuration. The property was built in 1920 and includes off-street parking, a shingle roof, natural gas and heat pump heating, forced-air service, and both central air and wall/window units.
Located at 1300 Bainbridge Boulevard in Chesapeake, the property is near Interstates 464 and 64 and the Poindexter Street corridor in South Norfolk. Chesapeake’s municipal building and parking garage are under construction nearby, and downtown Norfolk is approximately five minutes away. The property carries B2 zoning and is fully rented.
Located at 1300 Bainbridge Boulevard in Chesapeake, the property is near Interstates 464 and 64 and the Poindexter Street corridor in South Norfolk. Chesapeake’s municipal building and parking garage are under construction nearby, and downtown Norfolk is approximately five minutes away. The property carries B2 zoning and is fully rented.
Key Highlights
- 4,000 square feet on a 0.115‑acre site
- Two commercial spaces plus three residential apartments
- Five separate electric meters serve the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,825
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,500
$756.5K
Cap Rate 7%
$540,357
$540.4K
Cap Rate 9%
$420,278
$420.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$57.1K $14.28/SF
− Vacancy
−$3.1K −$0.77/SF
EGI
$54.0K $13.51/SF
− OpEx
−$16.2K −$4.05/SF
NOI
$37.8K $9.46/SF
Area
Chesapeake, VA
Vacancy
5.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,500
Cap Rate 7%
$540,357
Cap Rate 9%
$420,278
Alternative Uses
Best Use
Mixed Use
$705.9K
$617.6K – $823.5K
NOI $49,410 @ 7.0% cap · market cap 11.36%
Second Best
Apartment 5plus
$581.8K
$509.1K – $678.8K
NOI $40,729 @ 7.0% cap · market cap 9.36%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,752 @ 7.0% cap · market cap 19.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
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Business Placement
Demographics for 23324, VA
24,239
Population
9,834
Households
2.5
Avg Household Size
34
Median Age
21%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,618
Density / Sq Mi
$57,774
Median Household Income
$39,642
Median Earnings
$1,145
Median Rent
$242,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased mixed-use building with commercial space, apartments, separate electric meters, and off-street parking.
Where is this mixed-use property located?
The property is located at 1300 Bainbridge Boulevard Chesapeake, VA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 4,000 square feet on a 0.115‑acre site; Two commercial spaces plus three residential apartments; Five separate electric meters serve the property
