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    500 Cedar Rd Chesapeake, VA 23322

    Sponsored
    For Lease
    Contact for pricing

    Chesapeake, VA Retail/Office Space Available

    Lot size:
    14,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail and office development in Chesapeake, Virginia, presents a unique investment opportunity. Located at a signalized intersection on Cedar Road and Albemarle Drive, boasting over 26,000 vehicles per day, this property offers two buildings totaling 14,760 square feet. Building 1 comprises 8,400 square feet, while Building 2 offers 6,360 square feet. Flexible space is available, with minimum divisible units of 1,200 square feet and a maximum contiguous space of 8,400 square feet. The property features ample parking, providing 7.6 spaces per 1,000 square feet, ensuring convenient access for tenants and customers. Situated less than half a mile from the Chesapeake Municipal Center in the highly desirable Cedar Road corridor, this location benefits from a high population density, strong household incomes, and significant traffic volume. The existing site includes an ATM with drive-thru lanes, adding to its convenience and appeal. This new development offers a prime opportunity for businesses seeking high visibility and accessibility in a thriving commercial area. The property's strategic location and modern amenities make it an ideal choice for a variety of retail and office uses. Two suites are currently available. The zip code is 23322.

    Property Features for 500 Cedar Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,760 SF

    Building Details

    Buildings
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    8,400 SF
    Space
    Available Space 2
    Size
    6,360 SF

    HighLights

    • High‑visibility retail/office development at signalized Cedar Road & Albemarle Drive intersection, boasting over 26,000 vehicles per day (VPD).
    • ±1,200 SF units available in a new two‑building development (8,400 SF & 6,360 SF).
    • Generous parking: 7.6 spaces per 1,000 square feet.
    • Less than 0.5 miles to Chesapeake Municipal Center in the desirable Cedar Road corridor.
    • Existing ATM with drive‑thru lanes on‑site.
    • High‑density area with strong demographics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Magpie Roofers Tattoo Tattoo And Piercing Shop

    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
    -76.254233827039
    Latitude
    36.713480210135

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    FAQs

    What type of property is this?
    Individual retail property - Chesapeake, VA Retail/Office Space Available
    Where is this individual retail property located?
    The property is located at 500 Cedar Rd Chesapeake, VA.
    What are key features of this property?
    This property features: High-visibility retail/office development at signalized Cedar Road & Albemarle Drive intersection, boasting over 26,000 vehicles per day (VPD).; ±1,200 SF units available in a new two-building development (8,400 SF & 6,360 SF).; Generous parking: 7.6 spaces per 1,000 square feet.
    Request Owner's contact information
    500 Cedar Rd Chesapeake, VA 23322
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    Chesapeake, VA 23322
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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
    500 Cedar Rd Chesapeake, VA 23322
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