1419 Cedar Rd, Chesapeake, VA 23322
- Medical Office Space
- 18,210 SF
- 1.67 lot acres
Current Use by 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
Property Details for 1419 Cedar Rd
- Year built
- 2006
- Lot size
- 1.67 lot acres
- Zone code
- PUD: PLANNED UNIT DEVELOP
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 464001000003
- APU
- 464001000003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 11, 2021 | — | Cedar LLC | — | Deed · related | $2.4M · Truist Bank |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $520,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,160,000
Market price range: $547k - $1.91M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,200,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,205,000 Change: +0% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Chesapeake
- County
- Chesapeake City
- State
- Virginia
- Longitude
- -76.2922
- Latitude
- 36.7227
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
