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Financial
Distress signals
Property profile

1032 Volvo Pkwy Chesapeake, VA 23320

FOR SALE
Retail space
Property ID
US87-1301332
7,520 SF 4.51 ac lot Built 1995
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 2,000-square-foot retail food-and-beverage space that was used as a dessert café and coffee shop, with menu items described as cakes, macarons, bubble tea, coffee, and Korean Bingsoo. The interior is configured as a customer-facing service environment. The building is dated 1995. The property is located at 1032 Volvo Pkwy in Chesapeake’s Greenbrier area, minutes from Greenbrier Mall.

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?
$65k
Tax billed · 2019
Assessed value · 2023$7.43M
Assessed land$1.81M
Assessed improvement$5.62M
Effective rate0.88%

Value estimate

· Oct 2026
$1.08M
$968k – $1.18M
CAP approach$1.10M
NOI build-up
Gross scheduled income$31k
Vacancy & credit loss−$1k
Operating expenses−$7k
NOI · 18.62% cap applied$22k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
18.62%
$22k 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: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith9.1
Pet Grooming Service8.4
Bakery8.3

Location

1032 Volvo Pkwy Chesapeake, VA 23320
County assessor Recorded deeds · not on file Qualifying comp sales · not on file 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
816 Eden N, Chesapeake, VA 23320-0602 $2,400,000 May 2024 12,096 SF
833 Battlefield N, Chesapeake, VA 23320-4871 $3,100,000 Apr 2024 11,084 SF
201 Volvo, Chesapeake, VA 23320-4652 $3,622,034 Dec 2023 8,617 SF
821 Battlefield N, Chesapeake, VA 23320-4862 $2,000,000 Sep 2023 4,532 SF
1484 Kempsville, Chesapeake, VA 23320-8318 $1,305,000 Apr 2023 8,058 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
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