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Financial
Distress signals
Property profile

1400 Crossways Blvd Chesapeake, VA 23320

FOR LEASE
Office buildings
Property ID
US87-0111069
81,845 SF 7.75 ac lot Built 1989
Last sale Jul 2021 · $12,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an office space located about 1 mile from Summit Pointe, a mixed-use development that includes dining, residential components, and the Dollar Tree headquarters, and it is in the vicinity of hotels, restaurants, banks, and retail establishments. It features abundant on-site parking and offers the opportunity for exterior signage along its frontage.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$101k
Tax billed · 2019
Assessed value · 2023$9.34M
Assessed land$2.71M
Assessed improvement$6.63M
Effective rate1.08%

Value estimate

· Oct 2026
$13.32M
$11.98M – $14.65M
AI approach$10.15M
Submarket $/SF estimate$8.60M
NOI build-up
Gross scheduled income$113k
Vacancy & credit loss−$17k
Operating expenses−$24k
NOI · 343,157.14% cap applied$72k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$141/SF
ZIP average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$95 – $188

Cap rate analysis

How does the asset earn?
343,157.14%
$72k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M2: GENERAL INDUSTRIAL
JurisdictionCHESAPEAKE CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand index
Pawn Shop10.7
Daycare Center9.8
Laundry Service9.5

Location

1400 Crossways Blvd Chesapeake, VA 23320
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1341 Crossways, Chesapeake, VA 23320-2897 $24,000,000 Mar 2025 88,000 SF
535 Independence, Chesapeake, VA 23320-5176 $8,389,178 Feb 2025 96,960 SF
1434 Crossways, Chesapeake, VA 23320-3360 $11,700,000 Sep 2022 105,111 SF
850 Greenbrier, Chesapeake, VA 23320-2644 $11,050,000 Jun 2022 80,563 SF
860 Greenbrier Cir, Chesapeake, VA 23320-2640 $19,300,000 Feb 2022 92,893 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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