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Property profile & analytics
OFF-MARKET
Estimated value
$25,745,000
Industrial properties
1448 Precon Dr Chesapeake, VA 23320
Entity Owned
Free & Clear
Property ID
US87-0903454
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1754
Lot
4.56 ac (198,764 SF)
Zoning code
M3: WATERFRONT INDUSTRIAL
APN
350000001144
UPID
US87-0903454
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.75M
Owner & transaction history
Ios Precon Drive Titleholder LLC
Ios Precon Drive Titleholder LLC
since 2025
Last sale
$25.7M
7 recorded transactions
Zoning & alternative use
M3: WATERFRONT INDUSTRIAL · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,868
Tax year 2019
Assessed value
$1,144,200
Assessed 2023
Previous assessed
$1,108,500
+3.2% YoY
Effective rate
0.95%
On assessed value
Assessed land
$872,200
Assessed improvement
$272,000
Land market value
$872,200
Improvement market value
$272,000
Total market value
$1,144,200
Applied tax rate
42.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1754
Heating
NONE
Lot
4.56 ac (198,764 SF)
Zoning code
M3: WATERFRONT INDUSTRIAL
APN
350000001144
UPID
US87-0903454
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
M3: WATERFRONT INDUSTRIAL · Chesapeake, VA
Zoning M3: WATERFRONT INDUSTRIAL · permitted uses
M3: WATERFRONT 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.
Building & site characteristics
From public records
Year built
1754
Heating
NONE
Lot
4.56 ac
Current owner
From public records · entity-resolved
Ios Precon Drive Titleholder LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1401 PRECON DR STE #102, CHESAPEAKE, VA 23320-6314
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
—
Ios Precon Drive Titleholder LLC
—
Deed
related
$100,000,000 · Key Bank NA
Sep 11, 2025
$3,756,211
Ios Precon Drive Titleholder LLC
Dat Properties LLC
Bargain & Sale Deed
—
Sep 11, 2025
$25,743,789
Iosprecon Drive Titleholder LLC
Waterway Warehouse LLC
Deed
—
Nov 17, 2020
—
Waterway Warehouse LLC
—
Deed
related
$14,100,000 · First Carolina Bank
Dec 17, 2018
—
Waterway Warehouse LLC
—
Deed
related
$4,000,000 · Townebank
Nov 1, 2016
—
Waterway Warehouse LLC
—
Deed
related
$9,633,600 · Xenith Bank
Jun 25, 2013
$8,500,000
Waterway Warehouse LLC
Bbb LLC
Special Warranty Deed
$160,000 · The Bank Of Hampton Roads
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.
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