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    Versatile Commercial Property in Chesapeake Title is generated by Realmo AI

    4653 Battlefield Boulevard, Chesapeake, VA 23320

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    For Sale
    $4,000,000

    COMMERCIAL - Chesapeake, VA

    Property size:
    28,400 SF
    Lot size:
    13.59 Acres
    Price / SF:
    $140/SF
    Added:
    Jan 23, 2026
    Days on Market:
    109
    Last Refresh:
    May 12 at 7:06 pm

    Property Features for 4653 Battlefield Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    A1 B2
    Parking features
    Covered
    Standard status
    Active
    Size
    28,400 SF
    Lot size
    13.59 Acres

    Taxes and HOA fees

    Tax Annual Amount
    16289

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Roof type
    Metal

    We can help!

    Listing Contact
    Kris Weaver

    Listing agent Kris Weaver

    Listing office Atlantic Sothebys Int'l Realty 4416 Expressway Dr., Virginia Beach, VA

    Listing date Jan 23, 2026

    MLS# 10617270 Listing URL

    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.

    HighLights

    • Nearly 30,000 sq ft of space across multiple buildings, including office suites, showroom, and warehouse space.
    • Almost 14 acres of land with room for future expansion and rental income potential.
    • Warehouses feature 18+ ft clear‑span ceilings, multiple bay doors, and no interior posts.
    • Excellent visibility and direct access from a 4‑lane road.
    • Two separate meters with 3‑phase power on site.
    • Onsite bathrooms, well & septic.

    Overview

    This commercial property in Chesapeake, VA, presents an exceptional opportunity with multiple buildings totaling nearly 30,000 square feet. The property includes multiple office suites, a dedicated showroom, and substantial warehouse space suitable for various needs. The warehouses feature clear-span ceilings exceeding 18 feet, multiple bay doors, and a post-free interior design to maximize usable space. Onsite amenities include bathrooms, a well and septic system, and two separate meters with 3-phase power. The property is situated on approximately 13.59 acres, offering potential for future expansion and rental income. A main access cut-through from the 4-lane road ensures excellent visibility and direct ingress for vehicles of all sizes. The property is zoned A1 B2. This property is ideal for contractors, industrial users, distribution, or multi-tenant investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Car Rental Facility Bage Industries (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Parts Store Department Store Kitchen & Bath Showroom Grocery & Convenience Store Discount Store Grocery & Convenience Store Car Rental Facility Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.1958183
    Latitude
    36.5557183

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    FAQs

    What type of property is this?
    Warehouse - Multi-building commercial property with warehouse, office, and showroom spaces.
    Where is this warehouse located?
    The property is located at 4653 Battlefield Boulevard Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Nearly 30,000 sq ft of space across multiple buildings, including office suites, showroom, and warehouse space.; Almost 14 acres of land with room for future expansion and rental income potential.; Warehouses feature 18+ ft clear‑span ceilings, multiple bay doors, and no interior posts.
    (757) 340-5555
    We can help!
    Listing Contact
    Kris Weaver
    Learn More
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    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.

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