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    500 Cedar Rd Chesapeake, VA 23322

    • Commercial land
    • 0.51 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US87-1184244
    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

    • Magpie Roofers Tattoo / Tattoo And Piercing Shop

    Property Details for 500 Cedar Rd

    Year built
    1754
    Lot size
    0.51 lot acres
    Zone code
    O-I: OFFICE & INSTITUTION
    Property type
    Commercial land
    APN
    472009000020
    APU
    472009000020

    Description

    This exceptional retail and office development in Chesapeake, Virginia, presents a unique investment opportunity. Located at a signalized intersection on Cedar Road and Albemarle Drive, boasting over 26,000 vehicles per day, this property offers two buildings totaling 14,760 square feet. Building 1 comprises 8,400 square feet, while Building 2 offers 6,360 square feet. Flexible space is available, with minimum divisible units of 1,200 square feet and a maximum contiguous space of 8,400 square feet. The property features ample parking, providing 7.6 spaces per 1,000 square feet, ensuring convenient access for tenants and customers. Situated less than half a mile from the Chesapeake Municipal Center in the highly desirable Cedar Road corridor, this location benefits from a high population density, strong household incomes, and significant traffic volume. The existing site includes an ATM with drive-thru lanes, adding to its convenience and appeal. This new development offers a prime opportunity for businesses seeking high visibility and accessibility in a thriving commercial area. The property's strategic location and modern amenities make it an ideal choice for a variety of retail and office uses. Two suites are currently available. The zip code is 23322.

    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
    -76.2546
    Latitude
    36.7137
    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
    $3,712
    $408,700
    $35,400
    $444,100
    -
    $408,700
    $35,400
    $444,100

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      0.24 Acres

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    Request Owner's contact information
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    500 Cedar Rd
    Chesapeake, VA 23322
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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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