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Financial
Distress signals
Property profile

1080 George Washington Hwy N Chesapeake, VA 23323

FOR LEASE
Retail space
Property ID
US87-0996139
2,209 SF 0.78 ac lot Built 1970
Last sale Mar 2016
Individually Owned Owner of record is an individual. 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 2,100 square foot retail space is ideally situated at the signalized intersection of George Washington Highway and Gilmerton Road in Chesapeake, Virginia. The property offers a single-tenant occupancy, providing a blank canvas for your business. With a total of 2,100 square feet of vacant space, this property presents a significant opportunity for a variety of retail ventures. Its prime location offers excellent visibility and accessibility, benefiting from high traffic…

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?
$4k
Tax billed · 2019
Assessed value · 2023$511k
Assessed land$233k
Assessed improvement$278k
Effective rate0.85%

Value estimate

· Oct 2026
$225k
$203k – $248k
AI approach$225k
NOI build-up
Gross scheduled income$30k
Vacancy & credit loss−$2k
Operating expenses−$9k
NOI · 110,322.22% cap applied$20k

Realmo valuation models over county records and 6 qualifying comparable sales.

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
Qualifying comparables6

Cap rate analysis

How does the asset earn?
110,322.22%
$20k 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?
B1: NEIGHBORHOOD BUSINESS
JurisdictionCHESAPEAKE CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency30.5
Law Firm29.1
Dental Office26.7

Location

1080 George Washington Hwy N Chesapeake, VA 23323
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales 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
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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