Manufacturing Property with Office
1410 Poindexter Street, Chesapeake, VA 23324
For Sale
$330,000
Commercial/Industrial, Chesapeake, VA
Property Size1,992 SF
Lot Size0.10 Acres
Price / SF$165.66
Days on Market91
Property Features for 1410 Poindexter Street
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Roof type
Listing Agency:
Long & Foster Real Estate Inc.
(757) 428-4600
Listed By:
Betty Boyd
Added: Aug 12
Changed: Nov 5
Last Checked: Nov 10 at 5:06PM
MLS# 10648841
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Investment Insights
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Located at 1410 Poindexter Street in Chesapeake, this 1,992-square-foot manufacturing property includes the building, land, equipment, and an additional parcel. The property was previously used for candy and pudding production and has been certified by the Board of Health. A second-floor area provides office and conference room space, while heat pump heating and central air serve the building. The roof includes metal and shingle sections, and the property was built in 1920.
Off-street parking is available at the rear and along Phillip Street. The 0.102-acre lot is included in the sale, and the property is zoned B5. No lease is currently in place.
Off-street parking is available at the rear and along Phillip Street. The 0.102-acre lot is included in the sale, and the property is zoned B5. No lease is currently in place.
Key Highlights
- 1,992‑square‑foot manufacturing property with building, land, and equipment included
- Previously used for candy and pudding manufacturing
- Second‑floor offices and conference room space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,258
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,160
$445.2K
Cap Rate 7%
$317,971
$318.0K
Cap Rate 9%
$247,311
$247.3K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$31.1K $15.60/SF
− Vacancy
−$1.4K −$0.70/SF
EGI
$29.7K $14.90/SF
− OpEx
−$7.4K −$3.72/SF
NOI
$22.3K $11.17/SF
Area
Chesapeake, VA
Vacancy
4.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,160
Cap Rate 7%
$317,971
Cap Rate 9%
$247,311
Alternative Uses
Best Use
Specialty Retail
$318.0K
$278.2K – $371.0K
NOI $22,258 @ 7.0% cap · market cap 6.74%
Second Best
Industrial
$126.5K
$110.7K – $147.6K
NOI $8,855 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$588.7K
$515.1K – $686.8K
NOI $41,210 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
451
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Food-production building with upper-level offices, conference space, equipment, and off-street parking.
Where is this manufacturing property located?
The property is located at 1410 Poindexter Street Chesapeake, VA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,992‑square‑foot manufacturing property with building, land, and equipment included; Previously used for candy and pudding manufacturing; Second‑floor offices and conference room space
