Property profile

141 Hillcrest Pkwy Chesapeake, VA 23322

FOR LEASE
Retail space
Saved see the list in your Dashboard
Property ID
US87-0685115
10,740 SF 1.96 ac 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.
Market Trends Soon
141 Hillcrest Pkwy, Chesapeake, VA 23322 For Lease
$3,330/Mo 3,330 SF available
141 Hillcrest Pkwy, Chesapeake, VA 23322
View Listing

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. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

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

· Nov 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$31k

Realmo valuation models over county records and 7 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 comparables7

Cap rate analysis

How does the asset earn?
$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 7 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 · 15 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?