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    Property profile & analytics

    1500 Volvo Pkwy Chesapeake, VA 23320-8287

    • Assisted living facilities
    • 31,479 SF
    • 4.95 lot acres
    OFF-MARKET
    Value Estimation
    $10,215,000
    Last Sale
    Apr 09, 2021
    $10,000,000
    Location Intelligence
    Property ID
    US87-1069281
    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.

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 1500 Volvo Pkwy

    Year built
    2000
    Lot size
    4.95 lot acres
    Property size
    31,479 SF
    Zone code
    O-I: OFFICE & INSTITUTION
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    290000000011
    APU
    290000000011

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $10,650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,310,000
      6.5%
      $8,865,000
      7%
      $8,880,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $8,595,000
      Geo Method
      $8,770,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,100,000
      Retail
      $8,295,000
      Mixed-Use
      $9,150,000
      Hospitality
      $8,455,000
      Educational
      $9,815,000
      Residential Income
      $8,300,000
      Energy
      $8,745,000
      Income-Based Land
      $9,225,000
      Food Service
      $10,080,000

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.2074
    Latitude
    36.7651
    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
    $97,410
    $2,228,000
    $8,045,500
    $10,273,500
    -
    $2,228,000
    $8,045,500
    $10,273,500

    Comparable in this City

    • Value Estimation
      $13,510,000
      36,291 SF

      776 Oak Grv Rd

      HOMES (RETIRED, NURSING) • 36,291 SF
      776 Oak Grv Rd, Chesapeake, VA 23320-3728
      View Details
    • Value Estimation
      $8,865,000
      48,230 SF

      Kingsborough Sq

      HOMES (RETIRED, NURSING) • 48,230 SF
      Kingsborough Sq, Chesapeake, VA 23320
      View Details
    • Value Estimation by Request
      66,978 SF

      715 Argyll St

      HOMES (RETIRED, NURSING) • 66,978 SF
      715 Argyll St, Chesapeake, VA 23320-3105
      View Details
    • Value Estimation by Request
      40,274 SF

      651 Riv Walk Pkwy

      HOMES (RETIRED, NURSING) • 40,274 SF
      651 Riv Walk Pkwy, Chesapeake, VA 23320-6819
      View Details
    • Value Estimation by Request
      110,988 SF

      516 Great Brg Blvd

      HOMES (RETIRED, NURSING) • 110,988 SF
      516 Great Brg Blvd, Chesapeake, VA 23320-7034
      View Details
    • Value Estimation by Request
      188,683 SF

      300 Kempsville Rd

      HOMES (RETIRED, NURSING) • 188,683 SF
      300 Kempsville Rd, Chesapeake, VA 23320
      View Details

    Similar Nearby for Sale

    • $5,110,000
      12,732 SF

      Chesapeake Medical Office Building

      Class A, 12,732 SF Medical Office
      1533 Volvo Pkwy, Chesapeake, VA 23320
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    Similar Nearby for Lease

    • $25 SF/Yr
      27,476 SF

      Class A Medical Office Space in Chesapeake, VA

      Prime Medical Office Suites Available in Greenbrier
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    • $10 SF/Yr
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      Chesapeake Industrial Warehouse Space

      Multiple warehouse units available for lease.
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      View Details
    • $18 SF/Yr
      81,318 SF

      Adaptable Office/Flex Space Available

      31,568 sqft office/flex space in Greenbrier, Chesapeake, VA.
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      View Details
    • $3,725 /Mo
      24,000 SF

      Greenbrier Flex Space Available

      Multi-tenant flex space in central Greenbrier location for lease.
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      View Details
    • Contact for pricing
      6,435 SF

      Restaurant/Retail Space with Drive-Thru

      Restaurant or retail space with drive-thru and high visibility.
      240 Battlefield Blvd S, Chesapeake, VA 23320
      View Details
    • $16 SF/Yr
      14,100 SF

      Office Space Near Major HQs

      Single-story office building with highway access and signage available.
      530 Independence Pkwy, Chesapeake, VA 23320
      View Details
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    Chesapeake, VA 23320-8287
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    Realmo Value Estimation

    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.

    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.

    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
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