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Property profile & analytics
FOR LEASE
Office buildings
1434 Crossways Blvd Chesapeake, VA 23320
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-0152945
For Lease
1 / 2
$22 SF/Yr
1434 Crossways Blvd, Chesapeake, VA 23320
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
105,111 SF
Lot
17.99 ac (783,775 SF)
Zoning code
M2: GENERAL INDUSTRIAL
APN
280000000723
UPID
US87-0152945
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
-
Conduent (Bike/Boat/Book/etc) Store Printing Service
-
Movement Mortgage Loan Service Bank
-
ATM Atm
-
HP Enterprise Services Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.38M
Owner & transaction history
Crossways 1 And 2 LLC · 3 yrs held
Crossways 1 And 2 LLC
since 2022
Last sale
$11.7M
1 recorded transaction
Zoning & alternative use
M2: GENERAL INDUSTRIAL · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.6M
+18.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chesapeake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesapeake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$9,705,000
ML approach
$7,735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,810,000
Current use
COMMERCIAL (GENERAL)
$17,585,000
Change: +19% · Conversion: Easy
WAREHOUSE, STORAGE
$14,695,000
Change: -1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,240,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$11.38M
Range $10.24M – $12.52M · ±10% · vs last sale $11.70M (Sep 14 2022)
Last sale anchor
$11.70M
Sep 14 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$108 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$184,069
Tax year 2019
Assessed value
$27,547,100
Assessed 2023
Previous assessed
$37,292,600
-26.1% YoY
Effective rate
0.67%
On assessed value
Assessed land
$3,572,100
Assessed improvement
$23,975,000
Land market value
$3,572,100
Improvement market value
$23,975,000
Total market value
$27,547,100
Applied tax rate
43.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1999
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
20
Units
1
Total area
105,111 SF
Lot
17.99 ac (783,775 SF)
Zoning code
M2: GENERAL INDUSTRIAL
APN
280000000723
UPID
US87-0152945
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
M2: GENERAL INDUSTRIAL · Chesapeake, VA
Zoning M2: GENERAL INDUSTRIAL · permitted uses
M2: GENERAL INDUSTRIAL · Chesapeake, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chesapeake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$14.8M
COMMERCIAL (GENERAL)
Est. value
$17.6M
WAREHOUSE, STORAGE
Est. value
$14.7M
INDUSTRIAL (GENERAL)
Est. value
$12.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
PACKAGE
Cooling
Yes
Stories
20
Units
1
Lot
17.99 ac
Current owner
From public records · entity-resolved
Crossways 1 And 2 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1180 SEMINOLE TRL STE #105, CHARLOTTESVILLE, VA 22901-5713
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2022
$11,700
Crossways 1 And 2 LLC
1434 Crossways Boulevard I LLC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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