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Financial
Distress signals
Property profile

1121 Military Hwy Chesapeake, VA 23320

OFF-MARKET
Turn key restaurants
Property ID
US87-0957800
16,360 SF 1.33 ac lot Built 1975
Last sale Sep 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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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?
$15k
Tax billed · 2019
Assessed value · 2023$1.67M
Assessed land$865k
Assessed improvement$807k
Effective rate0.91%

Value estimate

· Oct 2026
$670k
$603k – $737k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$368/SF
Submarket average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$224 – $477

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B2: GENERAL 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 agency12.1
Garden Center10.3
Pawn Shop10.3

Location

1121 Military Hwy Chesapeake, VA 23320-2353
County assessor Recorded deeds · 2 transfers 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1105 Military Hwyb, Chesapeake, VA 23320-2343 $5,400,000 Jul 2025 28,100 SF
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
1356 Military Hwya, Chesapeake, VA 23320-2514 $2,064,515 Jan 2024 17,868 SF
1316 Battlefield N, Chesapeake, VA 23320-4517 $5,973,882 Jun 2023 14,476 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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