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    1960 Diamond Hill Rd Chesapeake, VA 23324

    Sponsored
    For Lease
    Contact for pricing

    Chesapeake, VA industrial space available

    Lot size:
    267,010 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Class A industrial property, located at 1960 Diamond Hill Rd, Chesapeake, VA 23324, offers a total of 267,010 square feet of space, with a minimum divisible unit of 99,989 square feet and a maximum contiguous unit of 200,210 square feet. The property is zoned M-2 (Heavy Industrial) and boasts excellent access to major transportation arteries, including I-64, I-264, I-464, I-664, US-13, US-58, and US-460, placing it within easy reach of the entire Hampton Roads region. Features include seven loading docks, five dock-high doors, and two drive-in doors. The building offers approximately 1,509 square feet of office space. Ceiling height is approximately 27 feet, with column spacing of approximately 41'6" x 36'3". The property includes 3-phase electrical power and an ESFR sprinkler system (currently dry). Rail potential exists via a private Norfolk Southern spur. A large shared paved trailer storage yard is available. This strategically located facility offers amongst the lowest drayage rates in the region and has potential eligibility for Foreign Trade Zone and ICE Coffee Future programs. The property is institutionally owned.

    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
    100,221 SF
    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 - Chesapeake, VA industrial space available
    Where is this life science property located?
    The property is located at 1960 Diamond Hill Rd Chesapeake, VA.
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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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