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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Office buildings
1100 Executive Blvd Chesapeake, VA 23320-3636
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-0149637
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
16,800 SF
Lot
2.75 ac (119,790 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
373010000010
UPID
US87-0149637
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
-
Russell’s Heating Cooling Plumbing & Electric Hardware & Home Improvement HVAC Service
-
Delinda Swanston Counselor Psychologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.57M
Owner & transaction history
Bandlsmith Two LLC · 3 yrs held
Bandlsmith Two LLC
since 2023
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,540,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,365,000
Current use
WAREHOUSE, STORAGE
$2,350,000
Change: -1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,955,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10% · vs last sale $1.59M (May 23 2023)
Last sale anchor
$1.59M
May 23 2023
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
$93 / 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
$21,462
Tax year 2019
Assessed value
$2,268,900
Assessed 2023
Previous assessed
$2,373,800
-4.4% YoY
Effective rate
0.95%
On assessed value
Assessed land
$709,400
Assessed improvement
$1,559,500
Land market value
$709,400
Improvement market value
$1,559,500
Total market value
$2,268,900
Applied tax rate
43.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Heating
HEAT PUMP
Stories
1
Units
1
Total area
16,800 SF
Lot
2.75 ac (119,790 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
373010000010
UPID
US87-0149637
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Zoning PUD: PLANNED UNIT DEVELOP · permitted uses
PUD: PLANNED UNIT DEVELOP · 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
OFFICE BUILDING Current
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1990
Heating
HEAT PUMP
Stories
1
Units
1
Lot
2.75 ac
Current owner
From public records · entity-resolved
Bandlsmith Two LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1100 EXECUTIVE BLVD, CHESAPEAKE, VA 23320-3636
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
—
Bandlsmith Two LLC
Bandlsmith Two LLC
Intrafamily Transfer
related
—
Apr 10, 2018
$1,590,000
Bandlsmith Two LLC A Virginia Limit
Peter G Zemanian
Special Warranty Deed
$820,000 · Southern Bank And Trust Company
Apr 10, 2018
—
Bandlsmith Two LLC A Virginia Limit
—
Deed
related
$673,000 · Tidewater Business Financing Corporation
Aug 10, 2017
—
Chesapeake Services Systems INC A V
—
Deed
related
$35,000 · 3rd Party Individual
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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