Property profile

1230 Progressive Dr Chesapeake, VA 23320

OFF-MARKET
Medical Office Space
Property ID
US87-1257471
10,701 SF 0.97 ac lot Built 1996
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1996
Total area 10,701 SF
Lot 0.97 ac (42,079 SF)
Zoning code PUD: PLANNED UNIT DEVELOP
APN 373002000890
UPID US87-1257471

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

1230 Progressive Dr Chesapeake, VA 23320-0203
Chesapeake metro Census 20805 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
$702k
Blend (final) Blend
$575k

Owner & transaction history

Zoning & alternative use

PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Top alternative use upside
Office building $955,000 +41.5%
Auto repair, garage $855,000 +26.8%
Restaurant $855,000 +26.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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