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Property profile & analytics
OFF-MARKET
Estimated value
$6,180,000
Super regional malls
1401 Greenbrier Pkwy Chesapeake, VA 23320-2830
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-1286833
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1981
Total area
178,956 SF
Lot
15.23 ac (663,419 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
280000000066
UPID
US87-1286833
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
-
Chick-fil-A Restaurant Take-out & Catering
-
Cinema Cafe Restaurant
-
Greenbrier Mall Shopping Center & Mall
-
Rudy & Kelly Hair Salon
-
Wonder Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.18M
Owner & transaction history
1401 Greenbrier Parkway LLC · 3 yrs held
1401 Greenbrier Parkway LLC
since 2022
Last sale
$6.8M
3 recorded transactions
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.6M
+150.5%
Retail stores
$7.3M
+89.4%
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
$5,640,000
ML approach
$5,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,830,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,590,000
Change: +150% · Conversion: Difficult
RETAIL STORES
$7,255,000
Change: +89% · Conversion: Easy
Blend value · Realmo final
$6.18M
Range $5.56M – $6.80M · ±10% · vs last sale $6.80M (Sep 2 2022)
Last sale anchor
$6.80M
Sep 2 2022
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
$35 / 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
$73,116
Tax year 2019
Assessed value
$6,435,500
Assessed 2023
Previous assessed
$5,023,700
+28.1% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,943,500
Assessed improvement
$4,492,000
Land market value
$1,943,500
Improvement market value
$4,492,000
Total market value
$6,435,500
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1981
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
20
Units
1
Total area
178,956 SF
Lot
15.23 ac (663,419 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
280000000066
UPID
US87-1286833
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Zoning PUD: PLANNED UNIT DEVELOP · permitted uses
PUD: PLANNED UNIT DEVELOP · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.6M
RETAIL STORES
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1981
Heating
PACKAGE
Cooling
Yes
Stories
20
Units
1
Lot
15.23 ac
Current owner
From public records · entity-resolved
1401 Greenbrier Parkway LLC
Entity
Mailing address
2900 SABRE ST STE #75, VIRGINIA BEACH, VA 23452-7488
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
$6,800,000
1401 Greenbrier Parkway LLC
Seritage Src Finance LLC
Special Warranty Deed
$5,100,000 · Townebank
Dec 3, 2019
—
Seritage Src Finance LLC
—
Deed
related
$200,000,000 · Berkshire Hathaway Life Insurance Compan
Jul 20, 2015
—
Src Finance LLC
Sears Roebuck And Co
Warranty Deed
$1,025,000 · H/2 So III Funding LLC
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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