Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1464 Mount Pleasant Rd Chesapeake, VA 23322
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1464 Mount Pleasant Rd Chesapeake, VA 23322

    View on Map
    • Strip malls
    • 35,962 SF
    • 15.91 lot acres
    For Lease
    $875,000
    View Listing →
    Retail Space in Kroger-Anchored Center For Lease
    $875,000
    1,080 SF

    Retail Space in Kroger-Anchored Center

    Retail space available in Chesapeake, Virginia, anchored by Kroger.

    1464 Mt Pleasant Rd, Chesapeake, VA
    View Listing
    Property ID
    US87-3954666
    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.
    Value Estimations
    $875,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Scanning Nations / Storage Facility
    • Great Clips / Hair Salon / Nail Salon
    • Thin & Healthy / Weight Loss Service
    • Starbucks / Cafe & Coffee Shop
    • Tobacco Valley & Vapor / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice

    Property Details for 1464 Mount Pleasant Rd

    Year built
    2006
    Lot size
    15.91 lot acres
    Property size
    35,962 SF
    Zone code
    MULTI: MULTIPLE ZONING
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    490000000321
    APU
    490000000321

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $875,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $874,000
      Market price range: $294k - $874k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.1878
    Latitude
    36.7162
    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
    $162,346
    $4,461,800
    $8,973,800
    $13,435,600
    -
    $4,461,800
    $8,973,800
    $13,435,600

    Comparable in this City

    • Value Estimation
      $855,000
      63,350 SF

      1620 Cedar Rd Ste, Unit 100

      SHOPPING CENTER, STRIP CENTER • 63,350 SF
      1620 Cedar Rd Ste, Chesapeake, VA 23322-7197
      View Details
    • Value Estimation
      $690,000
      51,710 SF

      324 Battlefield S Blvd

      SHOPPING CENTER, STRIP CENTER • 51,710 SF
      324 Battlefield S Blvd, Chesapeake, VA 23322
      View Details
    • Value Estimation
      $770,000
      46,564 SF

      401 Centerville S Tpke

      SHOPPING CENTER, STRIP CENTER • 46,564 SF
      401 Centerville S Tpke, Chesapeake, VA 23322-3907
      View Details
    • Value Estimation
      $1,750,000
      99,662 SF

      237 Hanbury Rd E Ste, Unit 8

      SHOPPING CENTER, STRIP CENTER • 99,662 SF
      237 Hanbury Rd E Ste, Chesapeake, VA 23322-6621
      View Details
    • Value Estimation
      $660,000
      27,696 SF

      237 Battlefield Blvd S Ste 17b

      SHOPPING CENTER, STRIP CENTER • 27,696 SF
      237 Battlefield Blvd S Ste 17b, Chesapeake, VA 23322-5231
      View Details
    • Value Estimation
      $5,120,000
      71,438 SF

      644 Grassfield Pkwy Ste, Unit 21

      SHOPPING CENTER, STRIP CENTER • 71,438 SF
      644 Grassfield Pkwy Ste, Chesapeake, VA 23322-7463
      View Details

    Similar Nearby for Sale

    • $2,795,439

      Retail Property Near National Tenants

      Retail property surrounded by national tenants with high population density.
      600 Landers Dr, Chesapeake, VA 23322
      View Details
    • Contact for pricing

      Edinburgh North Development Opportunity

      Prime 1.32-acre parcel in Chesapeake's Edinburgh area.
      212 Carmichael Way, Chesapeake, VA 23322
      View Details
    • Contact for pricing
      4,786 SF

      Chesapeake Retail Building For Sale

      4,786 SF single tenant building in Great Bridge/Cedar Road.
      1225 Cedar Rd, Chesapeake, VA 23322
      View Details
    • $495,000
      2,679 SF

      Commercial Property in Great Bridge

      Commercial property with potential in the heart of Great Bridge.
      372 S Battlefield Blvd, Chesapeake, VA 23322
      View Details
    • Contact for pricing

      39 Acres Development Opportunity

      39 acres in Chesapeake, Virginia, for development.
      Battlefield Blvd And Hickory Rd, Chesapeake, VA 23322
      View Details
    • Contact for pricing

      Corner Lot for Retail

      Prime corner lot suitable for grocery, retail, or multifamily use.
      1025 Battlefield Blvd S, Chesapeake, VA 23322
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Renovated Shopping Center Retail Space

      Recently renovated shopping center anchored by Food Lion and Fitness 19.
      1245 Cedar Rd, Chesapeake, VA 23322
      View Details
    • 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

      Retail Space Near 168 Expressway

      Retail property with established tenants and convenient highway access.
      237 Carmichael Way, 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
    • Contact for pricing

      Retail Space in Chesapeake Center

      Retail spaces available in established Chesapeake shopping center.
      717-729 S Battlefield Blvd, Chesapeake, VA 23322
      View Details
    • Contact for pricing

      Retail Space Near Tidewater College

      Retail space available near Tidewater Community College.
      1628 Cedar Rd, Chesapeake, VA 23322
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1464 Mount Pleasant Rd
    Chesapeake, VA 23322
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!