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Property profile & analytics
OFF-MARKET
Estimated value
$5,910,000
Drug stores
1316 Battlefield N Blvd, Chesapeake, VA 23320-4517
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0858742
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2004
Total area
14,476 SF
Lot
1.9 ac (82,720 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
270000000940
UPID
US87-0858742
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
-
Shore Life Family Chiropractic Alternative Medicine Practice
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Cosmetic Store
-
Walgreens Pharmacy Pharmacy
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.05M
Blend (final)
Blend
$5.91M
Owner & transaction history
King Of Kings LLC · 3 yrs held
King Of Kings LLC
since 2023
Last sale
$6.0M
1 recorded transaction
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.4M
+137.2%
Restaurant
$5.3M
+96.6%
Auto repair, garage
$4.0M
+48.5%
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
$5,795,000
ML approach
$5,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,435,000
Change: +137% · Conversion: Difficult
RESTAURANT
$5,335,000
Change: +97% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,025,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$5.91M
Range $5.32M – $6.50M · ±10% · vs last sale $5.97M (Jun 27 2023)
Last sale anchor
$5.97M
Jun 27 2023
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
$408 / 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
$45,621
Tax year 2019
Assessed value
$5,957,400
Assessed 2023
Previous assessed
$5,290,600
+12.6% YoY
Effective rate
0.77%
On assessed value
Assessed land
$2,183,900
Assessed improvement
$3,773,500
Land market value
$2,183,900
Improvement market value
$3,773,500
Total market value
$5,957,400
Applied tax rate
42.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2004
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
14,476 SF
Lot
1.9 ac (82,720 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
270000000940
UPID
US87-0858742
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Zoning PUD: PLANNED UNIT DEVELOP · permitted uses
PUD: PLANNED UNIT DEVELOP · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
RESTAURANT
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
2004
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
King Of Kings LLC
Entity
Mailing address
12439 WATERSLEA LN, KNOXVILLE, TN 37934-4112
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2023
$973,882
King Of Kings LLC
Mcclp Chesapeake LLC
Special Warranty Deed
$370,000 · Mountain Commerce Bank
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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