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Property profile & analytics
FOR LEASE
Warehouses

1400 Cavalier Blvd Chesapeake, VA 23323

295,000 SF 27.89 ac lot Built 1969
Entity Owned 2-yr Hold Free & Clear
Property ID
US87-3893275
Property summary
AI-generated overview

This exceptional Class A industrial warehouse property, located at 1400 Cavalier Blvd in Chesapeake, Virginia (zip code 23323), offers 66,755 square feet of total space, currently fully vacant and available for lease. The property is zoned M-1 (Light Industrial) and situated in the Cavalier submarket within the Southside cluster of Chesapeake city. The building features a ±30-foot ceiling height, making it ideal for various industrial uses. Five dock-high doors provide efficient loading and unloading capabilities. The property is divisible, with a minimum leasable space of 13,381 square feet and a maximum contiguous space of 33,385 square feet. There are a total of three suites available within the building. Elevators are not present. This property presents a significant opportunity for businesses seeking modern, efficient warehouse space in a desirable Chesapeake location. The property's size and layout offer flexibility for a variety of tenants, from smaller businesses seeking a smaller footprint to larger operations requiring more extensive space. Its strategic location within the Southside cluster provides excellent access to major transportation routes and a skilled workforce. Interested parties are encouraged to inquire for further details and leasing options.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1969
Total area 295,000 SF
Lot 27.89 ac (1,215,019 SF)
Zoning code M1: LIGHT INDUSTRIAL
APN 240000000560
UPID US87-3893275
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
  • Global GSR US1 Warehouse & Storage
  • Bay Warehouses Warehouse & Storage
  • Fedex offsite lot Warehouse & Storage
  • Philadelphia Truck Lines Trucking Company
  • Expeditors Warehouse Suite E Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$53.90M
CAP Approach CAP
$36.11M
Comparable Approach Comparable
by Request
Blend (final) Blend
$53.90M
Owner & transaction history
Chesapeake Cavalier Cook LLC · 2 yrs held
Chesapeake Cavalier Cook LLC
since 2024
Last sale
$53.9M
4 recorded transactions
2024
$53.9M
2019
Price N/A
2015
Price N/A
2013
$19,995
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $76.1M +92.1%
Retail stores $55.3M +39.6%
Commercial (general) $48.0M +21.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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