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Property profile & analytics
FOR SALE
Medical Office Space

1419 Cedar Rd Chesapeake, VA 23322

18,210 SF 1.67 ac lot Built 2006
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-0627947
Property summary
AI-generated overview

This exceptional Class A medical office building, totaling 15,638 square feet, presents a compelling investment opportunity in Chesapeake, Virginia. Situated at 1419 Cedar Rd, this two-story building, constructed in 2006, enjoys a highly visible location directly across from Tidewater Community College's Chesapeake campus. The property currently houses Dental Care Alliance and Cedar Road Medical Associates, part of the Bayview Medical Group family, demonstrating strong existing tenancy. Located within a well-established southern Chesapeake submarket boasting 720,000 square feet of office space, the building benefits from a low 5.4% vacancy rate, indicating a stable and desirable market. The asking price for this prime medical office asset is $5,560,000. The property's strategic location and strong tenant occupancy make it an attractive investment for those seeking a stable, high-performing asset in a thriving medical market. The building's 2006 construction ensures modern amenities and efficient layouts, catering to the needs of medical professionals and their patients. Its prominent position across from a major educational institution further enhances its visibility and accessibility. This is a rare opportunity to acquire a well-established, high-quality medical office building in a sought-after location. The zip code is 23322.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2006
Total area 18,210 SF
Lot 1.67 ac (72,919 SF)
Zoning code PUD: PLANNED UNIT DEVELOP
APN 464001000003
UPID US87-0627947
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
  • Throckmorton Maria V DDS Dental Office
  • Chawla-Miranda Seema DDS Dental Office
  • Berrada Sanae DDS Dental Office
  • Muldoon Catherine A DDS Dental Office
  • Miranda Joshua O DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$840k
Owner & transaction history
Cedar LLC · 5 yrs held
Cedar LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.2M +0.4%
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