Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Battlefield Blvd And Hickory Rd Chesapeake, VA 23322

    • Land
    • 39.00 lot acres
    For Sale
    View listing
    $4,450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Battlefield Blvd And Hickory Rd

    Lot size
    39.00 lot acres
    Property type
    Land

    Description

    This exceptional 39-acre parcel presents a rare development opportunity in Chesapeake, Virginia's desirable Hickory area. Located at the intersection of Battlefield Boulevard and Hickory Road, this A-1 zoned land boasts significant frontage along Highway 168, directly across from Hickory High School. Chesapeake is experiencing rapid growth, making this a strategically positioned investment in one of Virginia's fastest-growing cities. The property's location offers unparalleled convenience, with easy access to a wealth of amenities. Shopping, boating, golfing, and historical attractions are all within minutes, and the highly sought-after Chesapeake school district is nearby. Commuting is also a breeze, with Greenbrier, Downtown Norfolk, the Virginia Beach Oceanfront, and Virginia Beach Town Center all within a 30-minute drive. The expansive lot size provides ample space for a variety of development projects, capitalizing on the area's strong demand and growth trajectory. This is a truly unique opportunity to acquire a significant land holding in a thriving Virginia community. The asking price for this exceptional property is $4,450,000. The 353 square miles of Chesapeake offer a diverse and vibrant community setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.2176
    Latitude
    36.6457

    Comparable in this City

    • Value Estimation by Request
      26.50 Acres

      26ac Johnstown Rd

      Land • 26.50 Acres
      26ac Johnstown Rd, Chesapeake, VA 23322
      View Details
    • Value Estimation by Request
      23.85 Acres

      1501 Edinburgh Pkwy

      Land • 23.85 Acres
      1501 Edinburgh Pkwy, Chesapeake, VA 23322
      View Details
    • Value Estimation by Request
      0.75 Acres

      1296 Battlefield Blvd

      Land • 0.75 Acres
      1296 Battlefield Blvd, Chesapeake, VA 23322
      View Details
    • Value Estimation by Request
      276.00 Acres

      232 Neck Rd

      Land • 276.00 Acres
      232 Neck Rd, Chesapeake, VA 23322
      View Details
    • Value Estimation by Request

      Armstrong Rd

      Medical space
      0 Armstrong Rd, Chesapeake, VA 23322
      View Details
    • Value Estimation by Request
      82,023 SF

      644 Grassfield Pkwy

      Individual retail properties • 82,023 SF
      644 Grassfield Pkwy, Chesapeake, VA 23322
      View Details

    Similar Nearby for Sale

    • $4,450,000
      39.00 Acres

      Chesapeake, VA Residential Land

      39 Acres, Prime Development Opportunity
      0 Battlefield Blvd And Hickory Rd, Chesapeake, VA 23322
      View Details
    • Contact for pricing

      Chesapeake Land For Sale

      Land available in Chesapeake, Virginia.
      1613 Binford St, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      0.46 Acres

      Hillcrest Land in Chesapeake, VA

      0.459 acre lot with future development potential.
      1604 Battle St, Chesapeake, VA 23322
      View Details
    • Contact for pricing

      Land Near Hillcrest Parkway

      A-1 Zoned land with commercial potential in Edinburgh.
      1741 S Battlefield Blvd, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      276.00 Acres

      Chesapeake, VA Commercial Land

      276 acres, prime location, high traffic
      232 Neck Rd, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      0.23 Acres

      Chesapeake Land For Sale

      Land available in Chesapeake, Virginia.
      1611 Binford St, Chesapeake, VA 23322
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Battlefield Blvd. Retail Outparcel

      High-visibility Chesapeake retail land
      1296 Battlefield Blvd, Chesapeake, VA 23322
      View Details
    • Contact for pricing

      Land for Lease Chesapeake

      Land available for lease in Chesapeake, Virginia.
      124 Hillcrest Pkwy, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      82,023 SF

      Cahoon Commons Retail Center

      Chesapeake, VA retail space available
      644 Grassfield Pkwy, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      22,216 SF

      Chesapeake Commercial Land Opportunity

      One-acre commercial lot, ideal location.
      500 Cedar Rd, Chesapeake, VA 23322
      View Details
    • Contact for pricing

      Land for Lease Chesapeake

      Land available for lease in Chesapeake, Virginia.
      634 Grassfield Pkwy, Chesapeake, VA 23322
      View Details
    • Contact for pricing

      Retail Land in Chesapeake, VA

      Land available at Kroger anchored shopping center in Chesapeake.
      Mount Pleasant Rd, Chesapeake, VA 23322
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Battlefield Blvd And Hickory Rd
    Chesapeake, VA 23322
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!