26ac Johnstown Rd Chesapeake, VA 23322
This exceptional 26.5-acre commercial land parcel is situated on Johnstown Road in Chesapeake, Virginia, zip code 23322. Priced at $1,500,000, this wooded lot presents a significant development opportunity. The property boasts a substantial 1,155,124 square feet of land, ideal for a variety of commercial projects. Its location in the highly sought-after South Chesapeake area offers excellent access to existing infrastructure and benefits from the ongoing growth and development in the region. This is a rare chance to acquire a large, well-positioned tract of land, perfect for investors seeking to capitalize on the burgeoning commercial real estate market in this dynamic area of Virginia. The property's size and location make it suitable for a wide range of commercial ventures. Serious inquiries are encouraged to explore the potential of this remarkable property. The latitude and longitude coordinates are 36.6723882, -76.2573648 respectively. This is a truly unique opportunity to secure a substantial land holding in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.