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    1920 Campostella Rd Chesapeake, VA 23324

    Sponsored
    For Lease
    Contact for pricing

    224,620 SF Industrial Space Available

    Lot size:
    224,620 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A industrial property, located at 1920 Campostella Rd, offers 224,620 square feet of versatile space, divisible to a minimum of 75,980 square feet. The building boasts a 27-foot ceiling height, 19 dock-high doors, and 7 drive-in doors, making it ideal for warehouse, manufacturing, distribution, or R&D operations. The property features an ESFR sprinkler system, approximately 4,000 square feet of office space, and rail potential via a private Norfolk Southern spur. Previously occupied by Amazon, this facility offers drive-thru capability and a large shared paved trailer storage yard. Its strategic location in Central Hampton Roads provides immediate access to major interstates (I-64, I-264, I-464, I-664, US-13, US-58, US-460), benefiting from amongst the lowest drayage rates in the region. The M-2 (Heavy Industrial) zoning allows for a wide range of uses. Additional features include 3-phase electrical power, column spacing varying around 48' x 55', and potential eligibility for Foreign Trade Zone and ICE Coffee Future programs. The property is institutionally owned and presents a rare opportunity for significant industrial space in a prime location.

    Property Features for 1920 Campostella Rd

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    224,620 SF
    Class
    A

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    224,620 SF

    HighLights

    • 224,620 SF Class A industrial warehouse, divisible to 75,980 SF.
    • Features 19 dock‑high doors, 7 drive‑in doors, and 27' clear height ceilings.
    • Equipped with an ESFR sprinkler system and 3‑phase electrical power.
    • Located in a prime Central Hampton Roads location with easy access to major interstates (I‑64, I‑264, I‑464, I‑664, US‑13, US‑58, US‑460).
    • Offers rail potential via a private Norfolk Southern spur and ample shared paved trailer storage.
    • Zoned M‑2 (Heavy Industrial) with potential Foreign Trade Zone and ICE Coffee Future eligibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    DOR1 Amazon FLEX ... Warehouse

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.265917
    Latitude
    36.7884095

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    FAQs

    What type of property is this?
    Life science property - 224,620 SF Industrial Space Available
    Where is this life science property located?
    The property is located at 1920 Campostella Rd Chesapeake, VA.
    What are key features of this property?
    This property features: 224,620 SF Class A industrial warehouse, divisible to 75,980 SF.; Features 19 dock-high doors, 7 drive-in doors, and 27' clear height ceilings.; Equipped with an ESFR sprinkler system and 3-phase electrical power.
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    1920 Campostella Rd Chesapeake, VA 23324
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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
    1920 Campostella Rd Chesapeake, VA 23324
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