Technical
Financial
Distress signals
Property profile

1232 George Washington N Hwy Chesapeake, VA 23323

OFF-MARKET
Auto shops
Property ID
US87-1304966
2,625 SF 1.53 ac lot Built 1930
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1930
Total area 2,625 SF
Lot 1.53 ac (66,429 SF)
Zoning code B2: GENERAL BUSINESS
APN 251001000780
UPID US87-1304966

Cap rate & NOI

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

Location

1232 George Washington N Hwy Chesapeake, VA 23323-5021
Chesapeake metro Census 21405 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2024
Last sale
$277,000
5 recorded transactions
2024
$277,000
2021
$350,000
2020
$230,000
2018
$70,000
2016
$105,000

Zoning & alternative use

B2: GENERAL BUSINESS · Chesapeake, VA

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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