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Property profile & analytics
OFF-MARKET
Estimated value
$4,870,000
Warehouses
124 Bruton S Ct Chesapeake, VA 23322-4371
Entity Owned
7-yr Hold
Free & Clear
Property ID
US87-0906632
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Total area
46,615 SF
Lot
6.3 ac (274,428 SF)
Zoning code
MULTI: MULTIPLE ZONING
APN
600000002080
UPID
US87-0906632
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.65M
Comparable Approach
Comparable
$3.33M
Blend (final)
Blend
$4.87M
Owner & transaction history
Ps Southeast One INC · 7 yrs held
Ps Southeast One INC
since 2019
2 recorded transactions
Zoning & alternative use
MULTI: MULTIPLE ZONING · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.6M
+21.4%
Office building
$6.6M
+4.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chesapeake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesapeake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,205,000
6.5%
$6,650,000
7%
$6,175,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,255,000
Current use
COMMERCIAL (GENERAL)
$7,590,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$6,550,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,430,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$4.87M
Range $4.38M – $5.36M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$104 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$68,147
Tax year 2019
Assessed value
$8,265,500
Assessed 2023
Previous assessed
$7,590,500
+8.9% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,739,700
Assessed improvement
$6,525,800
Land market value
$1,739,700
Improvement market value
$6,525,800
Total market value
$8,265,500
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Heating
HEAT PUMP
Stories
1
Units
1
Total area
46,615 SF
Lot
6.3 ac (274,428 SF)
Zoning code
MULTI: MULTIPLE ZONING
APN
600000002080
UPID
US87-0906632
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
MULTI: MULTIPLE ZONING · Chesapeake, VA
Zoning MULTI: MULTIPLE ZONING · permitted uses
MULTI: MULTIPLE ZONING · Chesapeake, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chesapeake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$7.6M
OFFICE BUILDING
Est. value
$6.6M
INDUSTRIAL (GENERAL)
Est. value
$5.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
HEAT PUMP
Stories
1
Units
1
Lot
6.3 ac
Current owner
From public records · entity-resolved
Ps Southeast One INC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2019
$11,000,000
Ps Southeast One INC
Happy Boxes Great Bridge LLC
Warranty Deed
—
Apr 10, 2018
—
Happy Boxes Great Bridge LLC
—
Deed
related
$5,775,000 · Townebank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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