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    Property profile & analytics

    1418 Cedar Rd Chesapeake, VA 23322-7172

    • Drug stores
    • 13,644 SF
    • 1.96 lot acres
    OFF-MARKET
    Value Estimation
    $6,100,000
    Last Sale
    Jan 17, 2023
    $6,200,000
    Location Intelligence
    Property ID
    US87-2172395
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Walgreens Pharmacy / Pharmacy
    • FedEx OnSite / Mailing Service
    • Walgreens / Greeting Card Shop / Drug Store
    • Bitcoin Depot | BDCheckout / Atm

    Property Details for 1418 Cedar Rd

    Year built
    2014
    Lot size
    1.96 lot acres
    Property size
    13,644 SF
    Zone code
    B1: NEIGHBORHOOD BUSINESS
    Property type
    Drug stores
    APN
    460000000222
    APU
    460000000222

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,010,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,805,000
      6.5%
      $6,455,000
      7%
      $5,655,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,905,000
      Geo Method
      $5,885,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,660,000
      Retail
      $5,520,000
      Mixed-Use
      $5,975,000
      Hospitality
      $6,755,000
      Educational
      $7,265,000
      Residential Income
      $6,155,000
      Energy
      $7,010,000
      Income-Based Land
      $5,760,000
      Food Service
      $5,980,000

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.2913
    Latitude
    36.7235
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $37,103
    $1,274,000
    $3,844,900
    $5,118,900
    -
    $1,274,000
    $3,844,900
    $5,118,900

    Comparable in this City

    • Value Estimation by Request
      14,550 SF

      1415 Cedar Rd

      DRUG STORE, PHARMACY • 14,550 SF
      1415 Cedar Rd, Chesapeake, VA 23322-7107
      View Details
    • Value Estimation
      $6,655,000
      14,736 SF

      201 Hanbury E Rd

      DRUG STORE, PHARMACY • 14,736 SF
      201 Hanbury E Rd, Chesapeake, VA 23322-6613
      View Details
    • Value Estimation by Request
      14,563 SF

      1458 Mt Pleasant Rd

      DRUG STORE, PHARMACY • 14,563 SF
      1458 Mt Pleasant Rd, Chesapeake, VA 23322-3934
      View Details
    • Value Estimation
      $3,850,000
      13,703 SF

      321 Battlefield S Blvd

      DRUG STORE, PHARMACY • 13,703 SF
      321 Battlefield S Blvd, Chesapeake, VA 23322-5311
      View Details
    • Value Estimation by Request
      10,983 SF

      240 Battlefield S Blvd

      DRUG STORE, PHARMACY • 10,983 SF
      240 Battlefield S Blvd, Chesapeake, VA 23322-5233
      View Details
    • Value Estimation by Request
      9,750 SF

      1020 Cedar Rd, Unit A

      RETAIL STORES (PERSONAL SERVICES) • 9,750 SF
      1020 Cedar Rd, Chesapeake, VA 23322-7004
      View Details

    Similar Nearby for Sale

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      10,903 SF

      Retail Strip Center For Sale

      10,903 SF retail strip center in Chesapeake, Virginia.
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      building and garage need work but tons of potential! Property qualifies for The Great Bridge Facade Enhancement Project. They will pay 1\/2

      up to $20
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    • $4,450,000
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    • $189,000

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      4 acres of M2 zoned land with city utilities.
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      Corner Lot for Retail

      Prime corner lot suitable for grocery, retail, or multifamily use.
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    • New
      $949,000
      37.00 Acres

      37 Acres of Cleared Land

      Two parcels of land totaling over 37 acres.
      3016 Cedarville Rd, Chesapeake, VA 23322
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,540 SF

      Retail Space in Battlefield Blvd

      Retail space available with abundant parking and established tenants.
      729 Battlefield Blvd S, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      1,080 SF

      Retail Space in Kroger-Anchored Center

      Retail space available in Chesapeake, Virginia, anchored by Kroger.
      1464 Mount Pleasant Rd, Chesapeake, VA 23322
      View Details
    • $18 SF/Yr
      22,000 SF

      Berkshire Shops Retail Space

      Chesapeake, VA Retail Opportunity: 1,510 SF
      1296 Battlefield Blvd, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      82,023 SF

      Cahoon Commons Retail Center

      Chesapeake, VA retail space available
      644 Grassfield Pkwy, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      14,760 SF

      Cedar Road Retail Opportunity

      Chesapeake, VA Retail/Office Space Available
      500 Cedar Rd, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      5,525 SF

      Retail Space Available For Rent

      Retail space available for rent in Chesapeake, Virginia.
      500-504 Cedar Rd, Chesapeake, VA 23322
      View Details
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    Chesapeake, VA 23322-7172
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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