You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Assisted living facilities

1324 Cedar Rd Chesapeake, VA 23322

59,712 SF 8.33 ac lot Built 2001
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US87-1021978
1324 Cedar Rd, Chesapeake, VA 23322 For Sale
$3,630,000 59,712 SF
1324 Cedar Rd, Chesapeake, VA 23322
View Listing →
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2001
Total area 59,712 SF
Lot 8.33 ac (362,768 SF)
Zoning code O-I: OFFICE & INSTITUTION
APN 460000000212
UPID US87-1021978
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
  • Commonwealth Senior Living at Cedar Manor Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.63M
Blend (final) Blend
$3.63M
Owner & transaction history
Mcap Cedar Manor Land LLC · 2 yrs held
Mcap Cedar Manor Land LLC
since 2024
4 recorded transactions
2026
Price N/A
2024
Price N/A
2020
$6,250
2020
Price N/A
Zoning & alternative use
O-I: OFFICE & INSTITUTION · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $5.5M +73.8%
Apartment house (5+ units) $4.0M +26.1%
Medical building $3.9M +25.6%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message