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    4107 Portsmouth Blvd Chesapeake, VA 23321

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail space available.

    Lot size:
    198,741 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Chesapeake Commons offers exceptional retail opportunities in a thriving Chesapeake, Virginia location. This power center boasts 198,741 square feet and features three suites, with 4,621 square feet currently vacant. Spaces range from a minimum of 1,090 square feet to a maximum contiguous space of 2,400 square feet, providing flexibility for various retail concepts. The center enjoys a prime location just off I-664, easily accessible via the Portsmouth Boulevard interchange, ensuring high visibility and convenient customer access. Anchored by national retailers such as Best Buy, Ross, Old Navy, and Aldi, Chesapeake Commons benefits from significant existing traffic and strong brand recognition. The property sits within the Chesapeake Square submarket, directly across from the Chesapeake Square Mall, which is undergoing a major redevelopment project that will include a substantial multi-family component. This redevelopment promises to further enhance the area's appeal and drive even more foot traffic to the center. The submarket itself comprises approximately 2,162,000 square feet of retail space, reflecting a dynamic and growing retail environment. This presents a unique opportunity to establish or expand a retail business in a high-growth area with excellent accessibility and strong anchor tenants. The combination of established brands, convenient location, and ongoing area development makes Chesapeake Commons an attractive investment for discerning retailers.

    Property Features for 4107 Portsmouth Blvd

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    198,741 SF

    Unit(s) available at that property

    Space
    Suite 112
    Size
    2,400 SF
    Space
    Suite 101
    Size
    1,131 SF
    Space
    Suite 105
    Size
    1,090 SF

    HighLights

    • 198,741 square foot retail strip center/community center in Chesapeake, VA.
    • Three suites available, ranging from 1,090 to 2,400 square feet.
    • 4,621 square feet of vacant space currently available.
    • Anchored by Best Buy, Ross, Old Navy, and Aldi.
    • Located near I‑664 and Chesapeake Square Mall (undergoing major redevelopment).
    Property Profile Location Intelligence

    Current Use by Public Records

    Inland American Retail ... Real Estate Agency Dr. David Dano Dentist Especially For You, LLC Skin Care Clinic Cricket Wireless Authorized ... Cell Phone Store Lendmark Financial Services ... Loan Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.4102076
    Latitude
    36.821616

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    FAQs

    What type of property is this?
    Community center - High-traffic retail space available.
    Where is this community center located?
    The property is located at 4107 Portsmouth Blvd Chesapeake, VA.
    What are key features of this property?
    This property features: 198,741 square foot retail strip center/community center in Chesapeake, VA.; Three suites available, ranging from 1,090 to 2,400 square feet.; 4,621 square feet of vacant space currently available.
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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
    4107 Portsmouth Blvd Chesapeake, VA 23321
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