Property profile

1075 George Washington Hwy N Ste B2 Chesapeake, VA 23323

OFF-MARKET
Retail space
Property ID
US87-0603118
8,047 SF 0.64 ac lot Built 1985
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Total area 8,047 SF
Lot 0.64 ac (27,835 SF)
Zoning code B2: GENERAL BUSINESS
APN 252011001114
UPID US87-0603118

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Cafe & Coffee Shop
  • Grocery & Convenience Store
  • Restaurant Take-out & Catering
  • Consultant

Location

1075 George Washington Hwy N Ste B2 Chesapeake, VA 23323-3560
Chesapeake metro Census 21403 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$810k
CAP Approach CAP
$1.17M
Comparable Approach Comparable
$950k
Blend (final) Blend
$835k

Owner & transaction history

since 2023
Last sale
$860,246
1 recorded transaction
2023
$860,246

Zoning & alternative use

B2: GENERAL BUSINESS · Chesapeake, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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