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    Property profile & analytics

    1012 George Washington N Hwy Chesapeake, VA 23323-3515

    • Assisted living facilities
    • 6,614 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Location Intelligence
    Property ID
    US87-0695377
    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

    • First Choice Assisted Living / Assisted Living Facility / Home Health Care Service

    Property Details for 1012 George Washington N Hwy

    Year built
    1956
    Lot size
    0.90 lot acres
    Property size
    6,614 SF
    Zone code
    O-I: OFFICE & INSTITUTION
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    252011000960
    APU
    252011000960

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $230,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $215,000
      Retail
      $210,000
      Mixed-Use
      $205,000
      Hospitality
      $265,000
      Educational
      $225,000
      Residential Income
      $245,000
      Energy
      $210,000
      Income-Based Land
      $215,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.3393
    Latitude
    36.7775
    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
    $6,721
    $268,800
    $440,400
    $709,200
    -
    $268,800
    $440,400
    $709,200

    Comparable in this City

    • Value Estimation by Request
      8,636 SF

      900 George Washington N Hwy

      HOMES (RETIRED, NURSING) • 8,636 SF
      900 George Washington N Hwy, Chesapeake, VA 23323-3504
      View Details
    • Value Estimation by Request
      36,427 SF

      1017 George Washington N Hwy

      HOMES (RETIRED, NURSING) • 36,427 SF
      1017 George Washington N Hwy, Chesapeake, VA 23323-3505
      View Details
    • Value Estimation
      $295,000
      5,967 SF

      904 George Washington N Hwy

      HOMES (RETIRED, NURSING) • 5,967 SF
      904 George Washington N Hwy, Chesapeake, VA 23323-3504
      View Details
    • Value Estimation by Request
      15,024 SF

      1005 Deep Crk Blvd

      HOMES (RETIRED, NURSING) • 15,024 SF
      1005 Deep Crk Blvd, Chesapeake, VA 23323-2718
      View Details
    • Value Estimation
      $1,790,000
      17,350 SF

      2856 Forehand Dr

      HOMES (RETIRED, NURSING) • 17,350 SF
      2856 Forehand Dr, Chesapeake, VA 23323-2006
      View Details
    • Value Estimation by Request
      0.35 Acres

      1401 Deep Crk Blvd Trlr, Unit 101

      MOBILE HOME PARK, TRAILER PARK • 0.35 Acres
      1401 Deep Crk Blvd Trlr, Chesapeake, VA 23323-3748
      View Details

    Similar Nearby for Sale

    • $530,000

      Land Adjacent to 7-Eleven

      Land with high visibility and access near George Washington Highway.
      136 George Washington Hwy N, Chesapeake, VA 23323
      View Details
    • $395,000
      0.60 Acres

      Chesapeake Commercial Land Parcel

      High-traffic, B-3 zoned land near 7-Eleven.
      136 George Washington Hwy, Chesapeake, VA 23323
      View Details
    • $350,000
      1.24 Acres

      Chesapeake Waterfront Commercial Land

      Prime B-1 Zoned Acreage, Canal Views
      128 George Washington Hwy, Chesapeake, VA 23323
      View Details
    • $550,000
      2,346 SF

      Retail Property on George Washington

      Retail space with high visibility and convenient highway access.
      1161 George Washington Hwy N, Chesapeake, VA 23323
      View Details
    • $10,000,000

      63.33 Acres Mixed-Use Land

      63.33 acres of land with multiple zoning designations.
      3133 Old Mill Rd, Chesapeake, VA 23323
      View Details
    • $350,000

      Waterfront Land on George Washington

      1.24 acres of B-1 zoned waterfront land for sale.
      128 George Washington Hwy S, Chesapeake, VA 23323
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,214 SF

      Chesapeake Warehouse Space Available

      Warehouse space for rent featuring dock loading and radiant heating.
      3804 Cook Blvd, Chesapeake, VA 23323
      View Details
    • Contact for pricing
      10,273 SF

      Industrial Warehouse with Outside Storage

      Centrally located warehouse with cross-dock and outside storage available.
      1305 Cavalier Blvd, Chesapeake, VA 23323
      View Details
    • Contact for pricing

      Available Commercial Outparcels For Rent

      Two outparcels available for rent near Food Lion.
      2708 Yadkin Rd, Chesapeake, VA 23323
      View Details
    • $1,800 /Mo
      1,500 SF

      Industrial Unit with Office Space

      Industrial unit featuring high ceilings, bay door, and offices.
      3936 Holland Blvd, Chesapeake, VA 23323
      View Details
    • $9 SF/Yr
      66,755 SF

      Prime Chesapeake Warehouse Space

      Class A warehouse, multiple suites available, Southside location.
      1400 Cavalier Blvd, Chesapeake, VA 23323
      View Details
    • $18 SF/Yr
      1,600 SF

      Office Space in Chesapeake

      1,600 SF office space available for lease.
      111 Mill Creek Pkwy, Chesapeake, VA 23323
      View Details
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    Chesapeake, VA 23323-3515
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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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