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Property profile & analytics
OFF-MARKET
Estimated value
$2,565,000
Warehouses
1324 Mccloud Rd Chesapeake, VA 23320-6349
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-0819731
Property profile
Verified
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Year built
1930
Total area
162,324 SF
Lot
7.9 ac (344,211 SF)
Zoning code
M2: GENERAL INDUSTRIAL
APN
260000000160
UPID
US87-0819731
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.57M
Owner & transaction history
Rusty Barge Real Property LLC · 1 yrs held
Rusty Barge Real Property LLC
since 2024
Last sale
$2.8M
4 recorded transactions
Zoning & alternative use
M2: GENERAL INDUSTRIAL · 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
Method
Estimation
Statistic approach
$2,305,000
ML approach
$2,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.57M
Range $2.31M – $2.82M · ±10% · vs last sale $2.75M (Aug 25 2024)
Last sale anchor
$2.75M
Aug 25 2024
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
$16 / 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
$18,365
Tax year 2019
Assessed value
$2,366,000
Assessed 2023
Previous assessed
$2,292,400
+3.2% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,382,900
Assessed improvement
$983,100
Land market value
$1,382,900
Improvement market value
$983,100
Total market value
$2,366,000
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
Warehouses
Use group
BULK STORAGE, TANKS
Status
Off-Market
Year built
1930
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
162,324 SF
Lot
7.9 ac (344,211 SF)
Zoning code
M2: GENERAL INDUSTRIAL
APN
260000000160
UPID
US87-0819731
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
M2: GENERAL INDUSTRIAL · Chesapeake, VA
Zoning M2: GENERAL INDUSTRIAL · permitted uses
M2: GENERAL INDUSTRIAL · 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
1930
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
7.9 ac
Current owner
From public records · entity-resolved
Rusty Barge Real Property LLC
Entity
Mailing address
1324 MCCLOUD RD CHESAPEAKE
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
$2,750,000
Rusty Barge Real Property LLC
Chaney Terminals LLC
Special Warranty Deed
$1,900,000 · Townebank
Aug 15, 2023
$2,375,000
Chaney Terminals LLC
Tidewater Tank Terminal LLC
Warranty Deed
—
Dec 28, 2017
—
Tidewater Tank Terminal LLC
—
Deed
related
$1,470,000 · Townebank
Mar 28, 2016
$1,800,000
1400 Mccloud Road LLC A Virginia Li
Tri Port Terminals INC A Virginia C
Special Warranty Deed
$1,800,000 · Townebank
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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