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    Property profile & analytics

    1324 Cedar Rd Chesapeake, VA 23322

    • Assisted living facilities
    • 59,712 SF
    • 8.33 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US87-1021978
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commonwealth Senior Living at Cedar Manor / Community Center / Assisted Living Facility

    Property Details for 1324 Cedar Rd

    Year built
    2001
    Lot size
    8.33 lot acres
    Property size
    59,712 SF
    Zone code
    O-I: OFFICE & INSTITUTION
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    460000000212
    APU
    460000000212

    Description

    This exceptional 8.45-acre commercial land parcel presents a unique investment opportunity in Chesapeake, Virginia. Located at 1324 Cedar Road, this property boasts excellent visibility and accessibility. The O-I (Office Institutional) zoning allows for a variety of development options, making it suitable for a range of commercial projects. The site benefits from high traffic volume, with Cedar Road seeing over 26,000 vehicles per day, ensuring significant exposure for any development. Its strategic location offers close proximity to Chesapeake City Hall, less than five miles from the I-64/I-464 interchange, providing easy access to major transportation arteries. The property is further enhanced by its adjacency to a Class A senior housing facility and is surrounded by a dense residential population, creating a strong potential customer base. The 23322 zip code offers a desirable location within Chesapeake County. This vacant land presents a compelling opportunity for developers seeking a high-traffic, well-located site in a thriving community. The substantial lot size provides ample space for a significant development project, catering to a variety of commercial needs. Serious inquiries are encouraged to explore the potential of this remarkable property.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.2877
    Latitude
    36.7215
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $0.00
    $1,848,300
    $9,256,800
    $11,105,100
    -
    $1,848,300
    $9,256,800
    $11,105,100

    Comparable in this City

    • Value Estimation
      $1,635,000
      5.87 Acres

      1909 Edinburgh Ln

      HOMES (RETIRED, NURSING) • 5.87 Acres
      1909 Edinburgh Ln, Chesapeake, VA 23322-6522
      View Details
    • Value Estimation by Request
      6,653 SF

      238 Ballahack Rd

      HOMES (RETIRED, NURSING) • 6,653 SF
      238 Ballahack Rd, Chesapeake, VA 23322-2414
      View Details
    • Value Estimation by Request
      6.33 Acres

      757 Cedar Rd

      HOMES (RETIRED, NURSING) • 6.33 Acres
      757 Cedar Rd, Chesapeake, VA 23322-7663
      View Details
    • Value Estimation by Request
      103,693 SF

      933 Cedar Rd

      HOMES (RETIRED, NURSING) • 103,693 SF
      933 Cedar Rd, Chesapeake, VA 23322-7415
      View Details
    • Value Estimation
      $265,000
      4,215 SF

      133 Whitehurst Rd, Unit A

      HOMES (RETIRED, NURSING) • 4,215 SF
      133 Whitehurst Rd, Chesapeake, VA 23322-4236
      View Details
    • Value Estimation by Request
      3,183 SF

      912 Battlefield S Blvd

      HOMES (RETIRED, NURSING) • 3,183 SF
      912 Battlefield S Blvd, Chesapeake, VA 23322-4213
      View Details

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    Similar Nearby for Lease

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      High-visibility Chesapeake retail land
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    Chesapeake, VA 23322
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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