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    1419 Cedar Rd Chesapeake, VA 23322

    Sponsored
    For Sale
    $5,560,000

    Class A, 15,638 SF Medical Office

    Property size:
    15,638 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A medical office building, totaling 15,638 square feet, presents a compelling investment opportunity in Chesapeake, Virginia. Situated at 1419 Cedar Rd, this two-story building, constructed in 2006, enjoys a highly visible location directly across from Tidewater Community College's Chesapeake campus. The property currently houses Dental Care Alliance and Cedar Road Medical Associates, part of the Bayview Medical Group family, demonstrating strong existing tenancy. Located within a well-established southern Chesapeake submarket boasting 720,000 square feet of office space, the building benefits from a low 5.4% vacancy rate, indicating a stable and desirable market. The asking price for this prime medical office asset is $5,560,000. The property's strategic location and strong tenant occupancy make it an attractive investment for those seeking a stable, high-performing asset in a thriving medical market. The building's 2006 construction ensures modern amenities and efficient layouts, catering to the needs of medical professionals and their patients. Its prominent position across from a major educational institution further enhances its visibility and accessibility. This is a rare opportunity to acquire a well-established, high-quality medical office building in a sought-after location. The zip code is 23322.

    Property Features for 1419 Cedar Rd

    General Information

    Property type
    Medical offices
    Square Feet
    15,638 SF
    Class
    A

    Building Details

    Year Built
    2006
    Stories
    2

    HighLights

    • $5,560,000 asking price.
    • 15,638 square foot Class A medical office building.
    • Two‑story building constructed in 2006.
    • Located at 1419 Cedar Rd, Chesapeake, VA 23322.
    • Currently occupied by dental and medical tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Throckmorton Maria V ... Dentist Chawla-Miranda Seema DDS Dentist Berrada Sanae DDS Dentist Muldoon Catherine A DDS Dentist Miranda Joshua O ... Dentist

    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
    State
    Virginia
    Longitude
    -76.2925314
    Latitude
    36.722742

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    FAQs

    What type of property is this?
    Medical office - Class A, 15,638 SF Medical Office
    Where is this medical office located?
    The property is located at 1419 Cedar Rd Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $5,560,000.
    What are key features of this property?
    This property features: $5,560,000 asking price.; 15,638 square foot Class A medical office building.; Two-story building constructed in 2006.
    Request Owner's contact information
    1419 Cedar Rd 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
    1419 Cedar Rd Chesapeake, VA 23322
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