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Property profile & analytics
OFF-MARKET
Estimated value
$13,855,000
Warehouses
101 Dexter W St Chesapeake, VA 23324-3071
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-0952159
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
152,180 SF
Lot
13.25 ac (577,301 SF)
Zoning code
M1: LIGHT INDUSTRIAL
APN
1470000001811
UPID
US87-0952159
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Novo Building Products General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.94M
CAP Approach
CAP
$18.63M
Comparable Approach
Comparable
$13.88M
Blend (final)
Blend
$13.86M
Owner & transaction history
V2 Chesapeake Dexter St West LLC · 1 yrs held
V2 Chesapeake Dexter St West LLC
since 2025
Last sale
$16.6M
3 recorded transactions
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$21.4M
+4.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chesapeake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesapeake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,520,000
ML approach
$8,940,000
CAP Approach
CAP Return
Estimation
6%
$20,180,000
6.5%
$18,630,000
7%
$17,295,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,425,000
Current use
OFFICE BUILDING
$21,375,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$17,720,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$13.86M
Range $12.47M – $15.24M · ±10% · vs last sale $16.58M (Jan 14 2025)
Last sale anchor
$16.58M
Jan 14 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$91 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$51,207
Tax year 2019
Assessed value
$7,304,500
Assessed 2023
Previous assessed
$5,331,900
+37.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$1,100,300
Assessed improvement
$6,204,200
Land market value
$1,100,300
Improvement market value
$6,204,200
Total market value
$7,304,500
Applied tax rate
31.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
152,180 SF
Lot
13.25 ac (577,301 SF)
Zoning code
M1: LIGHT INDUSTRIAL
APN
1470000001811
UPID
US87-0952159
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VA
Zoning M1: LIGHT INDUSTRIAL · permitted uses
M1: LIGHT INDUSTRIAL · Chesapeake, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chesapeake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$20.4M
OFFICE BUILDING
Est. value
$21.4M
INDUSTRIAL (GENERAL)
Est. value
$17.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
13.25 ac
Current owner
From public records · entity-resolved
V2 Chesapeake Dexter St West LLC
Entity
Free & Clear · 1 yrs held
Mailing address
67 MTN BLVD STE #201, WARREN, NJ 07059-5678
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2025
—
V2 Chesapeake Dexter St West LLC
—
Deed
related
$48,700,000 · Webster Bank NA
Apr 14, 2025
$16,578,000
V2 Chesapeake Dexter St West LLC
Chesapeake Dexter St West LLC
Special Warranty Deed
—
Jul 7, 2022
$10,275,000
Chesapeake Dexter St West LLC
On Trading Corportion
Special Warranty Deed
$6,700,000 · Woodmen Of The World Life Insurance
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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