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Property profile & analytics
OFF-MARKET
Office buildings

1205 Bainbridge Blvd Chesapeake, VA 23324-2328

3,728 SF 0.16 ac lot Built 1754
Individually Owned 1-yr Hold Free & Clear
Property ID
US87-0606605
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully occupied mixed-use building located at 1205-1207 Bainbridge Boulevard in Chesapeake, Virginia. The property sits on a 0.16-acre lot and comprises a ground-floor commercial space currently leased to a stable tenant, and three residential units on the upper floors. All units are currently occupied, providing immediate and consistent income generation. The building is well-maintained and boasts a strong rental history, demonstrating its appeal and profitability. Ample parking is available on the side and rear of the building, providing convenient access for both commercial tenants and residential occupants. Its strategic location near major interstates offers easy access to Downtown Norfolk, a significant advantage for both commercial operations and residential living. The proximity to shopping, dining, and business centers further enhances the property's desirability and potential for continued strong rental income. This property represents a rare opportunity to acquire a stable, income-producing asset in a high-demand area, making it an ideal addition to any investment portfolio. The asking price is $485,000.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1754
Total area 3,728 SF
Lot 0.16 ac (6,882 SF)
Zoning code B2: GENERAL BUSINESS
APN 1270000002670
UPID US87-0606605
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
  • Buyrn & Crook Law Firm
  • Sassy Beauty Bar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Charles Owen Colonna · 1 yrs held
Charles Owen Colonna
since 2025
Last sale
$450,000
2 recorded transactions
2025
$450,000
2022
$375,000
Zoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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