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Property profile & analytics
OFF-MARKET
Office buildings
1302 Jefferson St Chesapeake, VA 23324-2214
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US87-3992466
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1929
Total area
6,013 SF
Lot
0.44 ac (19,166 SF)
Zoning code
O-I: OFFICE & INSTITUTION
APN
1340000001770
UPID
US87-3992466
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
Current use
Occupant on record · Public records
-
Children's Health Investment Program (CHIP) of South Hampton Roads Charitable Organization Social Service Agency
-
hampton roads rubber duck race Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Childrens Health Inv Program I · 11 yrs held
Childrens Health Inv Program I
since 2015
3 recorded transactions
Zoning & alternative use
O-I: OFFICE & INSTITUTION · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,353
Tax year 2019
Assessed value
$409,300
Assessed 2023
Previous assessed
$384,800
+6.4% YoY
Effective rate
0.82%
On assessed value
Assessed land
$132,000
Assessed improvement
$277,300
Land market value
$132,000
Improvement market value
$277,300
Total market value
$409,300
Applied tax rate
31.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1929
Heating
HEAT PUMP
Stories
20
Units
1
Total area
6,013 SF
Lot
0.44 ac (19,166 SF)
Zoning code
O-I: OFFICE & INSTITUTION
APN
1340000001770
UPID
US87-3992466
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
O-I: OFFICE & INSTITUTION · Chesapeake, VA
Zoning O-I: OFFICE & INSTITUTION · permitted uses
O-I: OFFICE & INSTITUTION · 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.
Building & site characteristics
From public records
Year built
1929
Heating
HEAT PUMP
Stories
20
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Childrens Health Inv Program I
Individual
Mailing address
1302 JEFFERSON ST, CHESAPEAKE, VA 23324-2214
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2015
$230,000
Childrens Health Inv Program I
Southern Bank And Trust Comapn
Special Warranty Deed
$188,926 · Townebank
Sep 10, 2013
$315,000
Southern Bank And Trust Co
Pender And Coward PC Sub Tr
Trustees Deed
related
—
Apr 12, 2005
$295,000
Robert Culpepper
Graham Funeral Home INC
Warranty Deed
$250,000 · Bank Of The Commonwealth
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.
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