Entity Owned Property summary
AI-generated overview
The property consists of a retail space within the Las Gaviotas neighborhood shopping center located at 1245 Cedar Rd in Chesapeake, Virginia. The shopping center totals approximately 90,505 square feet and includes long-standing anchor tenancy by Food Lion, as well as other on-site uses such as Fitness 19 and a mix of restaurants and essential retail providers. The retail space available within the center is approximately 4,800 square feet. The shopping center was recently renovated, and the site is situated in an area characterized by relatively high average household income within Hampton Roads.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Total area
58,190 SF
Lot
5.85 ac (254,870 SF)
Zoning code
B2: GENERAL BUSINESS
APN
460000000015
UPID
US87-0603588
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
-
Cinema (Bike/Boat/Book/etc) Store
-
Hardware & Home Improvement Furniture & Home Goods
-
Alternative Medicine Practice
-
Bar & Pub
-
(Bike/Boat/Book/etc) Store Alternative Medicine Practice
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$753k
Blend (final)
Blend
$665k
Owner & transaction history
Zoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$665k
Value range
$599k – $732k
±10% around blend
Estimated value / SF
$11 / SF
Confidence
Property data
100
Comparable evidence
60
$599k
blend $665k
$732k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
58,190 SF
Lot area
5.85 ac
Year built
1987
Stories
1
APN
460000000015
Zoning
B2: GENERAL BUSINESS
Assessed value
$5,928,700
Annual tax
$64,599
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$753k
Range $475k – $1.41M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$665k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.93M
Move the market yield to see immediate price impact.
Value / SF
$102
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$374k
$7.47M
$5.34M
$4.15M
$415k
$8.30M
$5.93M
$4.61M
$457k
$9.13M
$6.52M
$5.07M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$64,599
Tax year 2019
Assessed value
$5,928,700
Assessed 2023
Previous assessed
$5,928,700
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,755,300
Assessed improvement
$4,173,400
Land market value
$1,755,300
Improvement market value
$4,173,400
Total market value
$5,928,700
Applied tax rate
23.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Heating
HEAT PUMP
Cooling
AC.CHILLED WATER
Stories
1
Units
1
Total area
58,190 SF
Lot
5.85 ac (254,870 SF)
Zoning code
B2: GENERAL BUSINESS
APN
460000000015
UPID
US87-0603588
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VAZoning B2: GENERAL BUSINESS · permitted uses
B2: GENERAL BUSINESS · Chesapeake, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
5.85 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B2: GENERAL BUSINESS
Jurisdiction
Chesapeake, VA
Recorded code
B2: GENERAL BUSINESS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B2: GENERAL BUSINESS in Chesapeake, VA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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