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Property profile & analytics
OFF-MARKET
Estimated value
$20,055,000
Office buildings
1341 Crossways Blvd Chesapeake, VA 23320-2897
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1021172
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
88,000 SF
Lot
37.05 ac (1,613,854 SF)
Zoning code
M2: GENERAL INDUSTRIAL
APN
280000000740
UPID
US87-1021172
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
-
Cox Media Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.10M
Comparable Approach
Comparable
$16.50M
Blend (final)
Blend
$20.06M
Owner & transaction history
United Services Automobile Associat · 1 yrs held
United Services Automobile Associat
since 2025
Last sale
$24.0M
1 recorded transaction
Zoning & alternative use
M2: GENERAL INDUSTRIAL · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$32.4M
+161.5%
Auto repair, garage
$24.5M
+97.5%
Retail stores
$16.5M
+33.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,935,000
6.5%
$22,095,000
7%
$20,515,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,400,000
Current use
RESTAURANT
$32,420,000
Change: +161% · Conversion: Moderate
AUTO REPAIR, GARAGE
$24,480,000
Change: +97% · Conversion: Difficult
RETAIL STORES
$16,490,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$14,720,000
Change: +19% · Conversion: Easy
WAREHOUSE, STORAGE
$12,300,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$20.06M
Range $18.05M – $22.06M · ±10% · vs last sale $24.00M (Mar 12 2025)
Last sale anchor
$24.00M
Mar 12 2025
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
$228 / 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
$256,534
Tax year 2019
Assessed value
$26,647,600
Assessed 2023
Previous assessed
$26,900,600
-0.9% YoY
Effective rate
0.96%
On assessed value
Assessed land
$7,409,800
Assessed improvement
$19,237,800
Land market value
$7,409,800
Improvement market value
$19,237,800
Total market value
$26,647,600
Applied tax rate
43.0000
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
2001
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
20
Units
1
Total area
88,000 SF
Lot
37.05 ac (1,613,854 SF)
Zoning code
M2: GENERAL INDUSTRIAL
APN
280000000740
UPID
US87-1021172
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.4M
RESTAURANT
Est. value
$32.4M
AUTO REPAIR, GARAGE
Est. value
$24.5M
RETAIL STORES
Est. value
$16.5M
COMMERCIAL (GENERAL)
Est. value
$14.7M
WAREHOUSE, STORAGE
Est. value
$12.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2001
Heating
PACKAGE
Cooling
Yes
Stories
20
Units
1
Lot
37.05 ac
Current owner
From public records · entity-resolved
United Services Automobile Associat
Individual
Free & Clear · 1 yrs held
Mailing address
6205 PEACHTREE DUNWOODY RD, ATLANTA, GA 30328-4524
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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 12, 2025
$24,000,000
United Services Automobile Associat
Cox Communications Hampton Roads Ll
Special Warranty Deed
—
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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