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Financial
Distress signals
Property profile

1415 Cedar Rd Chesapeake, VA 23322

OFF-MARKET
Drug stores
Property ID
US87-1348903
14,550 SF 4.03 ac lot Built 2003
Last sale Jun 2004 · $4,004,100
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a fee-simple, net-lease retail site historically used as a Rite Aid pharmacy with a drive-through configuration and a corporate tenant guarantee structure. It is located at a signalized hard-corner intersection on Cedar Road at 165 State Highway with Greens Edge Drive, featuring substantial highway frontage, strong roadside visibility, and multiple access points along both adjacent streets. The site is positioned just south of Tidewater Community College—Chesapeake Campus, and…

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?
$43k
Tax billed · 2019
Assessed value · 2023$5.30M
Assessed land$1.65M
Assessed improvement$3.65M
Effective rate0.82%

Value estimate

· Oct 2026
$2.03M
$1.83M – $2.23M
CAP approach$2.12M
Submarket $/SF estimate$1.38M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$187/SF
Submarket average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$93 – $280
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PUD: PLANNED UNIT DEVELOP
JurisdictionCHESAPEAKE CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency17.4
Law Firm16.5
Building Supply12.7

Location

1415 Cedar Rd Chesapeake, VA 23322-7107
County assessor Recorded deeds · not on file 6 qualifying comp sales 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1458 Mt Pleasant, Chesapeake, VA 23322-3934 $2,900,000 Apr 2024 14,563 SF
565 Cedar Rd, Chesapeake, VA 23322-5569 $4,900,000 Jul 2023 29,109 SF
1418 Cedar, Chesapeake, VA 23322-7172 $6,200,000 Jan 2023 13,644 SF
141 Hillcrest Pkwy, Chesapeake, VA 23322-2187 $3,175,000 Aug 2021 10,740 SF
201 Hanbury E, Chesapeake, VA 23322-6613 $7,300,000 Oct 2020 14,736 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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