Technical
Financial
Distress signals
Property profile

1412 Greenbrier Pkwy Chesapeake, VA 23320

FOR LEASE
Community centers
Property ID
US87-0889535
54,922 SF 4.3 ac lot Built 1990
Entity Owned Free & Clear
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Property summary

AI-generated overview

Crossways Shopping Center, located at 1412 Greenbrier Pkwy in Chesapeake, Virginia (zip code 23320), presents a unique opportunity for retailers seeking high-visibility space in a thriving power center. This 371,735 square foot center boasts a prime location at the intersection of Greenbrier Parkway, a high-traffic area with nearly 73,000 vehicles passing daily. Its strategic proximity to I-64 ensures exceptional accessibility. The center features a total of 1,550 parking spaces for ample customer convenience. Currently, there are five suites available, ranging from a minimum of 1,000 square feet to a maximum contiguous space of 27,000 square feet. A total of 39,834 square feet is currently vacant, offering significant potential for expansion or new tenancy. The center is already home to major national anchors including TJ Maxx, DSW, Ross Dress for Less, and Ulta, creating a strong synergy and attracting a substantial customer base. This property offers excellent visibility and benefits from a high-density daytime population, making it an ideal location for businesses seeking significant exposure and strong sales potential in the Hampton Roads region. The Chesapeake County location provides access to a robust consumer market.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1990
Total area 54,922 SF
Lot 4.3 ac (187,308 SF)
Zoning code B2: GENERAL BUSINESS
APN 280000000970
UPID US87-0889535

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service
  • Restaurant
  • Restaurant
  • Restaurant
  • Restaurant

Location

1412 Greenbrier Pkwy Chesapeake, VA 23320
Chesapeake metro Census 20805 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$755k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$945k

Owner & transaction history

Zoning & alternative use

B2: GENERAL BUSINESS · Chesapeake, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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