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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

644 Grassfield Pkwy Chesapeake, VA 23322

82,023 SF
Property ID
Property summary
AI-generated overview

Cahoon Commons, located at 644 Grassfield Pkwy in Chesapeake, VA (zip code 23322), offers a prime retail opportunity within a thriving Walmart-anchored development. This 82,023 square foot center features multiple suites, with 14,263 square feet currently vacant. Spaces range from a minimum of 2,702 square feet to a maximum contiguous space of 7,751 square feet, with five spaces currently available. The property sits on a 1.38-acre lot and includes a drive-thru option. Its strategic location provides easy access via the Veterans Memorial Bridge, connecting to major roadways including I-64, I-464, and the Chesapeake Expressway. Benefit from high visibility with over 30,000 vehicles passing daily on Dominion Boulevard. The center is conveniently located less than a mile from Tidewater Community College and Chesapeake Municipal, serving a high-growth area with strong household incomes and home values, and a significant daytime population. This presents a unique opportunity to establish or expand your business in a high-traffic, well-established retail center.

Property profile
Verified
Property type Retail properties & Spaces
Total area 82,023 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Chesapeake Tae Kwon Do Sports School Training Center
  • Swartz Portraits (Bike/Boat/Book/etc) Store Photography Service
  • Barbara Quackenbos, Long & Foster Real Estate Inc. Real Estate Agency
  • Copeland Queen School of the Arts Training Center
  • Sandy Lashbrook, Long & Foster Real Estate Inc. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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