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    1910 Campostella Rd Chesapeake, VA 23324

    • Warehouses
    • 151,250 SF
    • 16.40 lot acres
    For Lease
    View listing
    Value Estimation
    Last Sale
    Feb 26, 2024
    $73,500,000
    Location Intelligence
    Property ID
    US87-1337768
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1910 Campostella Rd

    Year built
    1997
    Lot size
    16.40 lot acres
    Property size
    151,250 SF
    Zone code
    M2: GENERAL INDUSTRIAL
    Property type
    Warehouses
    APN
    1530000000004
    APU
    1530000000004

    Description

    Diamond Hill Distribution Center, located at 1910 Campostella Rd, Chesapeake, VA 23324, offers a prime opportunity for businesses seeking Class A industrial space. This 230,136 square foot facility, built in 1997 and renovated in 2020, features multiple suites with a minimum divisible space of 154,435 square feet and a maximum contiguous space of 90,475 square feet currently available. The building boasts a 31-foot ceiling height, making it ideal for various industrial uses including distribution, manufacturing, warehousing, and research & development. Loading capabilities include 25 loading docks, with 24 dock-high doors (10 with in-ground pit levelers and 14 with edge-of-dock levelers) and one drive-in door. The property also offers approximately 1,634 square feet of office space. Power is supplied by a 3-phase, 480-volt, 800-amp system. The building is equipped with a wet sprinkler system with high pile ELO sprinkler heads, and has a modified cross-dock design. The property is zoned M-2 (Heavy Industrial) and benefits from its strategic location in Central Hampton Roads, offering easy access to major interstates including I-64, I-264, I-464, I-664, US-13, US-58, and US-460. Additional advantages include a large shared paved trailer storage yard, potential rail access via a private Norfolk Southern spur, and eligibility for Foreign Trade Zone and ICE Coffee Future programs. The property is institutionally owned and enjoys amongst the lowest drayage rates in the region. Column spacing varies, approximately 47 feet wide by 55 feet deep.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.2675
    Latitude
    36.7873
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $109,834
    $1,447,200
    $15,321,700
    $16,768,900
    -
    $1,447,200
    $15,321,700
    $16,768,900

    Comparable in this City

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      4030 Buell St

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      946,088 SF

      1329 Halifax Ln

      BULK STORAGE, TANKS • 946,088 SF
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      801 Wilson Rd

      WAREHOUSE, STORAGE • 1,250 SF
      801 Wilson Rd, Chesapeake, VA 23324-2650
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    • Value Estimation by Request
      266,400 SF

      1960 Diamond Hl Rd

      WAREHOUSE, STORAGE • 266,400 SF
      1960 Diamond Hl Rd, Chesapeake, VA 23324-3077
      View Details

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    Similar Nearby for Lease

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      Diamond Hill Distribution Center

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      Diamond Hill Distribution Center

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    • $21 SF/Yr
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    Chesapeake, VA 23324
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    Realmo Value Estimation

    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.

    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.

    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
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