Turn-Key Warehouse with Office
For Sale
Contact for pricing
804 TLUCHAK LN, Chesapeake, VA 23323
Approved site plan for a metal building package with warehouse and office space, including insulation and build approvals.
Property Size13,800 SF
Lot Size1.43 Acres
Price / SF$57.61
Days on Market148
Property Features for 804 TLUCHAK LN
General Information
Standard status
Active
Size
13,800 SF
Lot size
1.43 Acres
Property subtype
Office, Industrial, Land
Zoning
O/I/M1
Listing Agency:
Alpha Real Estate Investment Advisors
Listed By:
Jay Sloan · License #VA 0225100030
Source:
Crexi
Added: Jun 10
Changed: Oct 27
Last Checked: Nov 3 at 6:54AM
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 Alpha Real Estate Investment Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering at 804 Tluchak Ln includes 1.43 acres within an approved site plan in Dominion Commerce Park, with approval good until mid 2030. The purchase price includes a metal building kit for a proposed 12,000 square foot building, comprised of 8,000 square feet of warehouse space and 4,000 square feet of office space. The package also includes an insulation package of R30 for the ceilings and R20 for the walls. Engineering work and approvals necessary to start the build are included as part of the offering.
The property is located in the Dominion Commerce Park business park in the Grassfield submarket of Chesapeake, VA. Building plans and site plan are available on request. Renderings shown with the listing are for illustration purposes and closely resemble the approved site plan.
This configuration is well suited for an owner-operator or developer looking to establish a combined warehouse-and-office setup through a prepackaged, build-ready approach. With engineering and approvals included and the site plan already established through mid 2030, the asset is positioned to streamline the path from entitlement to construction start, while providing a functional split between warehouse operations and dedicated office space.
The property is located in the Dominion Commerce Park business park in the Grassfield submarket of Chesapeake, VA. Building plans and site plan are available on request. Renderings shown with the listing are for illustration purposes and closely resemble the approved site plan.
This configuration is well suited for an owner-operator or developer looking to establish a combined warehouse-and-office setup through a prepackaged, build-ready approach. With engineering and approvals included and the site plan already established through mid 2030, the asset is positioned to streamline the path from entitlement to construction start, while providing a functional split between warehouse operations and dedicated office space.
Key Highlights
- 1.43‑acre site in Dominion Commerce Park, Grassfield submarket of Chesapeake, VA
- Approved site plan is in place and good until mid‑2030
- Included metal building kit for a 12,000 SF building: 8,000 SF warehouse and 4,000 SF office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,345
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,900
$1.2M
Cap Rate 7%
$876,357
$876.4K
Cap Rate 9%
$681,611
$681.6K
Market Conditions
NOI Build-Up for 13,800 SF
Gross rent
$89.4K $6.48/SF
− Vacancy
−$1.8K −$0.13/SF
EGI
$87.6K $6.35/SF
− OpEx
−$26.3K −$1.91/SF
NOI
$61.3K $4.45/SF
Area
Chesapeake, VA
Vacancy
2.00%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,900
Cap Rate 7%
$876,357
Cap Rate 9%
$681,611
Alternative Uses
Best Use
Office B
$3.02M
$2.64M – $3.52M
NOI $211,140 @ 7.0% cap · market cap 26.56%
Second Best
Flex RnD
$1.61M
$1.41M – $1.87M
NOI $112,484 @ 7.0% cap · market cap 14.15%
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,494 @ 7.0% cap · market cap 35.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23323, VA
42,736
Population
15,064
Households
2.8
Avg Household Size
36
Median Age
35%
College-Educated
93%
High-School Grad
81.9 sq mi
ZIP Area
522
Density / Sq Mi
$105,912
Median Household Income
$50,523
Median Earnings
$1,590
Median Rent
$360,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Approved site plan for a metal building package with warehouse and office space, including insulation and build approvals.
Where is this flex space located?
The property is located at 804 TLUCHAK LN Chesapeake, VA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1.43‑acre site in Dominion Commerce Park, Grassfield submarket of Chesapeake, VA; Approved site plan is in place and good until mid‑2030; Included metal building kit for a 12,000 SF building: 8,000 SF warehouse and 4,000 SF office
