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    Gallop Ave Chesapeake, VA 23324

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    For Sale
    Contact for pricing

    1.98 Acres, Light Industrial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.98-acre industrial land parcel presents a prime opportunity for development in Chesapeake, Virginia. Located on Gallop Ave, in Northampton County, zip code 23324, this property is zoned M-1 for Light Industrial use, offering significant flexibility for various business ventures. The site's generous size allows for ample space for construction and potential expansion. While the land itself is undeveloped, previous improvements on the site included a structure with one 12' x 12' overhead door and a 14' ceiling height (note: existing structures are not currently present). This information is provided for context only and should be independently verified. The property's location in Chesapeake offers easy access to major transportation routes, providing excellent logistical advantages for businesses requiring efficient distribution networks. The site's flat topography simplifies development, reducing potential site preparation costs. This is an exceptional opportunity to acquire a strategically located industrial land parcel in a thriving area of Virginia. Serious inquiries are encouraged to explore the potential of this valuable asset. All information provided is deemed reliable but not guaranteed and should be independently verified.

    Property Features for 0 Gallop Ave

    General Information

    Property type
    Land
    Lot Size
    86,249 SF

    HighLights

    • 2010 Construction
    • 12' x 12' Overhead Door
    • 14' Clear Height
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chesapeake
    County
    Northampton
    State
    Virginia
    Longitude
    -76.2784863
    Latitude
    36.7808332

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    FAQs

    What type of property is this?
    Land - 1.98 Acres, Light Industrial Zoning
    Where is this land located?
    The property is located at Gallop Ave Chesapeake, VA.
    What are key features of this property?
    This property features: 2010 Construction; 12' x 12' Overhead Door; 14' Clear Height
    Request Owner's contact information
    Gallop Ave Chesapeake, VA 23324
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    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
    Gallop Ave Chesapeake, VA 23324
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