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    Property profile & analytics

    117 George Washington S Hwy Chesapeake, VA 23323-1707

    • Turn key restaurants
    • 1,644 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 07, 2021
    $4,900
    Location Intelligence
    Property ID
    US87-2245461
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Waffle House / American Restaurant / Diner

    Property Details for 117 George Washington S Hwy

    Year built
    2018
    Lot size
    0.95 lot acres
    Property size
    1,644 SF
    Zone code
    B1: NEIGHBORHOOD BUSINESS
    Property type
    Turn key restaurants
    APN
    450000003180
    APU
    450000003180

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.3441
    Latitude
    36.7391
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $6,717
    $331,800
    $427,800
    $759,600
    -
    $331,800
    $427,800
    $759,600

    Comparable in this City

    • Value Estimation
      $430,000
      2,800 SF

      2934 Military Hwy

      RESTAURANT • 2,800 SF
      2934 Military Hwy, Chesapeake, VA 23323-5805
      View Details
    • Value Estimation
      $375,000
      4,808 SF

      850 Old George Washington N Hwy

      RESTAURANT • 4,808 SF
      850 Old George Washington N Hwy, Chesapeake, VA 23323-2214
      View Details
    • Value Estimation
      $390,000
      3,106 SF

      2917 Military Hwy

      RESTAURANT • 3,106 SF
      2917 Military Hwy, Chesapeake, VA 23323-5804
      View Details
    • Value Estimation
      $405,000
      2,887 SF

      3000 Military Hwy

      RESTAURANT • 2,887 SF
      3000 Military Hwy, Chesapeake, VA 23323-4511
      View Details
    • Value Estimation
      $220,000
      1,162 SF

      849 Old George Washington N Hwy

      RESTAURANT • 1,162 SF
      849 Old George Washington N Hwy, Chesapeake, VA 23323-2215
      View Details
    • Value Estimation
      $350,000
      5,082 SF

      1428 George Washington Hwy Na

      RESTAURANT • 5,082 SF
      1428 George Washington Hwy Na, Chesapeake, VA 23323-5025
      View Details

    Similar Nearby for Sale

    • $550,000
      2,346 SF

      Retail Property on George Washington

      Retail space with high visibility and convenient highway access.
      1161 George Washington Hwy N, Chesapeake, VA 23323
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    • $625,000
      5,622 SF

      Versatile Building with Seller Financing

      5,622 SF building on 0.63 acres with excellent visibility.
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      Retail Outparcels For Sale

      Retail outparcels available in Chesapeake, Virginia.
      2800 Yadkin Rd, Chesapeake, VA 23323
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    • $100,000
      0.40 Acres

      Residential Lot in Established Neighborhood

      Residential lot available for building a home in Chesapeake, VA.
      17 Wesley Rd, Chesapeake, VA 23323
      View Details
    • $530,000

      Land Adjacent to 7-Eleven

      Land with high visibility and access near George Washington Highway.
      136 George Washington Hwy N, Chesapeake, VA 23323
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    • $350,000
      1.24 Acres

      Chesapeake Waterfront Commercial Land

      Prime B-1 Zoned Acreage, Canal Views
      128 George Washington Hwy, Chesapeake, VA 23323
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    Similar Nearby for Lease

    • $18 SF/Yr
      2,100 SF

      Retail Space on George Washington

      Retail space available for lease on George Washington Highway.
      1080 George Washington Hwy N, Chesapeake, VA 23323
      View Details
    • Contact for pricing
      1,800 SF

      Chesapeake Retail/Office Space Available

      Retail/office space with high visibility, near Interstates 64 and 664.
      2947 S Military Hwy, Chesapeake, VA 23323
      View Details
    • Contact for pricing
      8,214 SF

      Chesapeake Warehouse Space Available

      Warehouse space for rent featuring dock loading and radiant heating.
      3804 Cook Blvd, Chesapeake, VA 23323
      View Details
    • $9 SF/Yr
      66,755 SF

      Prime Chesapeake Warehouse Space

      Class A warehouse, multiple suites available, Southside location.
      1400 Cavalier Blvd, Chesapeake, VA 23323
      View Details
    • $18 SF/Yr
      1,600 SF

      Office Space in Chesapeake

      1,600 SF office space available for lease.
      111 Mill Creek Pkwy, Chesapeake, VA 23323
      View Details
    • $1,600 /Mo
      1,200 SF

      Commercial/Industrial Space in Chesapeake, VA

      Commercial/Industrial space available for lease in Chesapeake, Virginia.
      3936 Holland Blvd, Chesapeake, VA 23323
      View Details
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    117 George Washington S Hwy
    Chesapeake, VA 23323-1707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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