Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1225 Cedar Rd Chesapeake, VA 23322
    Back to Search
    Property profile & analytics

    1225 Cedar Rd, Chesapeake, VA 23322

    View on Map
    • Turn key restaurants
    • 4,807 SF
    • 0.88 lot acres
    For Sale
    $3,445,920
    View Listing →
    Chesapeake Retail Building For Sale For Sale
    $3,445,920
    4,786 SF

    Chesapeake Retail Building For Sale

    4,786 SF single tenant building in Great Bridge/Cedar Road.

    1225 Cedar Rd, Chesapeake, VA 23322
    View Listing
    Property ID
    US87-1123728
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1225 Cedar Rd

    Year built
    1999
    Lot size
    0.88 lot acres
    Zone code
    B2: GENERAL BUSINESS
    Property type
    Turn key restaurants
    APN
    460000001430
    APU
    460000001430

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 8, 2024 $1,850,000 Cedar Rpgamp LLC Ynot Great Bridge LLC Warranty Deed —
    Oct 8, 2024 — Ynot Great Bridge LLC Tony D LLC Correction Deed · related $1.9M · Townebank
    May 8, 2024 — Ynot Great Bridge LLC Tony D LLC Special Warranty Deed —
    Sep 16, 2020 — Ynot Great Bridge LLC — Deed · related $1.4M · Townebank
    Nov 14, 2014 $1,300,000 Tony D LLC Ruby Tuesday INC Special Warranty Deed $1.5M · Townebank

    Description

    This exceptional freestanding retail property, located at 1225 Cedar Road in Chesapeake, Virginia, offers ±1,411 square feet of vacant space within a total building area of 4,639 square feet. The property is ideally situated in the heart of the Great Bridge/Cedar Road corridor, benefiting from excellent visibility and accessibility. The strategic location provides easy access via the new Veterans Memorial Bridge, connecting to major roadways including I-64, I-464, and the Chesapeake Expressway. Monument signage is available, enhancing visibility and brand recognition. Cedar Road boasts a high volume of traffic, exceeding 32,244,000 vehicles per day, ensuring significant exposure to potential customers. The property's proximity to Tidewater Community College and Chesapeake Municipal facilities further enhances its appeal. This location is supported by strong demographics, including high residential growth projections, high household income and median home values, and a substantial daytime population. The single-tenant occupancy provides flexibility and control for the new tenant. This property presents a unique opportunity for businesses seeking a high-traffic, easily accessible location in a thriving Chesapeake community. The zip code is 23322.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,850,000
      ML approach
      $1,850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,688,000
      Market price range: $1.08M - $2.29M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.2832
    Latitude
    36.7157
    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
    $17,594
    $615,300
    $1,300,600
    $1,915,900
    -
    $615,300
    $1,300,600
    $1,915,900

    Comparable in this City

    • Value Estimation
      $1,675,000
      5,521 SF

      612 Grassfield Pkwy

      RESTAURANT
      612 Grassfield Pkwy, Chesapeake, VA 23322-7449
      View Details
    • Value Estimation
      $1,550,000
      6,306 SF

      216 Carmichael Way

      RESTAURANT
      216 Carmichael Way, Chesapeake, VA 23322
      View Details
    • Value Estimation by Request
      3,309 SF

      2620 Battlefield S Blvd

      RESTAURANT
      2620 Battlefield S Blvd, Chesapeake, VA 23322-2211
      View Details
    • Value Estimation
      $880,000
      10,062 SF

      217 Hillcrest Pkwy

      RESTAURANT
      217 Hillcrest Pkwy, Chesapeake, VA 23322-2485
      View Details
    • Value Estimation
      $4,610,000
      3,344 SF

      138 Battlefield S Blvd

      RESTAURANT
      138 Battlefield S Blvd, Chesapeake, VA 23322-5224
      View Details
    • Value Estimation by Request
      6,000 SF

      845 Battlefield S Blvd

      RESTAURANT
      845 Battlefield S Blvd, Chesapeake, VA 23322-6610
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Edinburgh North Development Opportunity

      Prime 1.32-acre parcel in Chesapeake's Edinburgh area.
      212 Carmichael Way, Chesapeake, VA 23322
      View Details
    • $2,795,439

      Retail Property Near National Tenants

      Retail property surrounded by national tenants with high population density.
      600 Landers Dr, Chesapeake, VA 23322
      View Details
    • $495,000
      2,679 SF

      Commercial Property in Great Bridge

      Commercial property with potential in the heart of Great Bridge.
      372 S Battlefield Blvd, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      4,786 SF

      Chesapeake Retail Building For Sale

      4,786 SF single tenant building in Great Bridge/Cedar Road.
      1225 Cedar Rd, Chesapeake, VA 23322
      View Details
    • $439,900
      27.23 Acres

      Chesapeake Farmland in Hickory Area

      27.232 acres of raw farmland in southern Chesapeake.
      Buskey Rd, Chesapeake, VA 23322
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease in Chesapeake, Virginia.
      1458 Mount Pleasant Rd, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      5,400 SF

      Restaurant/Retail Space with Drive-Thru

      Restaurant or retail space with drive-thru and high visibility.
      240 Battlefield Blvd S, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Publix

      Retail space available near Tidewater Community College and Publix.
      1620 Cedar Rd, Chesapeake, VA 23322
      View Details
    • Contact for pricing

      Retail Space on Battlefield Boulevard

      8,500 SF retail space in high-traffic Chesapeake location.
      348 S Battlefield Blvd, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      1,750 SF

      Renovated Shopping Center Retail Space

      Retail space available in renovated shopping center anchored by Food Lion.
      1253 Cedar Rd, Chesapeake, VA 23322
      View Details
    • Contact for pricing

      Great Bridge Retail/Office Space

      Retail and office spaces in the heart of Great Bridge.
      800 S Battlefield Blvd, Chesapeake, VA 23322
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1225 Cedar Rd
    Chesapeake, VA 23322
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1225 Cedar Rd, Chesapeake, VA, 23322
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!