Financial
Distress signals
Property profile

141 Hillcrest Pkwy Chesapeake, VA 23322

FOR LEASE
Retail space
Property ID
US87-0685115
10,740 SF 1.96 ac lot Built 2006
Last sale Aug 2021 · $3,175,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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141 Hillcrest Pkwy, Chesapeake, VA 23322 For Lease
$3,330/Mo 3,330 SF available
141 Hillcrest Pkwy, Chesapeake, VA 23322
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Property summary

AI-generated overview

The property is a 10,903-square-foot retail strip center constructed in 2006 on a 1.95-acre site. It is configured with multiple tenants and is anchored by a Sherwin-Williams facility. The tenant mix includes Sherwin-Williams, Crave Bakery and Coffee Bar, Mystic Spa, and Cristaldo’s, with lease structures described as NNN and featuring scheduled rent increases; the weighted average lease term is 6.3 years. A Sherwin-Williams space of 4,715 square feet is identified as having a 10-year…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$27k
Tax billed · 2019
Assessed value · 2023$2.59M
Assessed land$1.56M
Assessed improvement$1.03M
Effective rate1.03%

Value estimate

· Sep 2026
$3.38M
$3.04M – $3.72M
AI approach$3.41M
Submarket $/SF estimate$2.53M
NOI build-up
Gross scheduled income$48k
Vacancy & credit loss−$3k
Operating expenses−$13k
NOI · 945.62% cap applied$31k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$187/SF
Submarket average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$93 – $280
Qualifying comparables4

Cap rate analysis

How does the asset earn?
945.62%
$31k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PUD: PLANNED UNIT DEVELOP
JurisdictionCHESAPEAKE CITY

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand index
HVAC Service9.1
Electrical Service9.0
Locksmith8.6

Location

141 Hillcrest Pkwy Chesapeake, VA 23322
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1458 Mt Pleasant, Chesapeake, VA 23322-3934 $2,900,000 Apr 2024 14,563 SF
561 Cedar Rd, Chesapeake, VA 23322-8384 $4,900,000 Jul 2023 7,000 SF
1100 Cedar Rd Ste, Chesapeake, VA 23322-7475 $2,400,000 Jun 2023 7,116 SF
1418 Cedar, Chesapeake, VA 23322-7172 $6,200,000 Jan 2023 13,644 SF
201 Hanbury E, Chesapeake, VA 23322-6613 $7,300,000 Oct 2020 14,736 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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