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    1960 Diamond Hill Rd Chesapeake, VA 23324

    Sponsored
    For Lease
    Contact for pricing

    200,210 SF Industrial Space Available

    Lot size:
    267,010 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Class A industrial property, located at 1960 Diamond Hill Rd, offers 200,210 square feet of versatile space ideal for manufacturing, warehousing, distribution, or R&D. The building boasts a 27-foot ceiling height, 15 loading docks (including 12 dock-high doors and 3 drive-ins), and ample space for trailer storage. The property features approximately 5,577 square feet of office space and benefits from rail potential via a private Norfolk Southern spur. An ESFR sprinkler system (currently dry) is available. Column spacing is approximately 41'6" x 36'3". The building is equipped with 3-phase electrical power. Zoned M-2 (Heavy Industrial), this location provides easy access to major interstates (I-64, I-264, I-464, I-664, US-13, US-58, US-460), offering amongst the lowest drayage rates in the region. Additional advantages include Foreign Trade Zone and ICE Coffee Future eligibility. This institutionally owned property presents a prime opportunity within the central Hampton Roads "Inside the Beltway" location. The total building size is 267,010 square feet, with a minimum divisible space of 200,210 square feet. The maximum contiguous space available is also 200,210 square feet.

    Property Features for 1960 Diamond Hill Rd

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    267,010 SF
    Class
    A

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    200,210 SF

    HighLights

    • 200,210 square feet of Class A industrial space available for lease.
    • Building features 27‑foot ceiling heights.
    • The property includes 12 dock‑high doors and 3 drive‑in doors.
    • Zoned M‑2 (Heavy Industrial).
    • Located in central Hampton Roads with easy access to major interstates (I‑64, I‑264, I‑464, I‑664, US‑13, US‑58, US‑460).
    Property Profile Location Intelligence

    Current Use by Public Records

    Cowan Container Co Trucking Company NTW - National Tire ... Tire Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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 City
    State
    Virginia
    Longitude
    -76.2660454
    Latitude
    36.7917789

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    FAQs

    What type of property is this?
    Life science property - 200,210 SF Industrial Space Available
    Where is this life science property located?
    The property is located at 1960 Diamond Hill Rd Chesapeake, VA.
    What are key features of this property?
    This property features: 200,210 square feet of Class A industrial space available for lease.; Building features 27-foot ceiling heights.; The property includes 12 dock-high doors and 3 drive-in doors.
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    1960 Diamond Hill Rd 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
    1960 Diamond Hill Rd Chesapeake, VA 23324
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