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Property profile & analytics
OFF-MARKET
Estimated value
$4,515,000
Retail space
1501 Cedar Rd 101 Chesapeake, VA 23322-7655
Entity Owned
9-yr Hold
Free & Clear
Property ID
US87-2358563
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Total area
42,174 SF
Lot
5.28 ac (230,171 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
460000001561
UPID
US87-2358563
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
-
Dr. Rebecca Bumgardner Physician
-
Furst Love Pet Spa Pet Grooming Service
-
Promenade At Cedar Business Service Center Corporate Office
-
TansByChristy LLC Tanning Salon
-
Eastern Va Environmental LLC Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.52M
Owner & transaction history
Chesapeake Development Of Hampton R · 9 yrs held
Chesapeake Development Of Hampton R
since 2016
3 recorded transactions
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,645,000
6.5%
$6,135,000
7%
$5,695,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,870,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$4.52M
Range $4.06M – $4.97M · ±10%
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
$107 / 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
$68,715
Tax year 2019
Assessed value
$9,139,900
Assessed 2023
Previous assessed
$8,572,200
+6.6% YoY
Effective rate
0.75%
On assessed value
Assessed land
$2,014,000
Assessed improvement
$7,125,900
Land market value
$2,014,000
Improvement market value
$7,125,900
Total market value
$9,139,900
Applied tax rate
12.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2015
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
42,174 SF
Lot
5.28 ac (230,171 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
460000001561
UPID
US87-2358563
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VAZoning PUD: PLANNED UNIT DEVELOP · permitted uses
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.9M
COMMERCIAL (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
2015
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
5.28 ac
Current owner
From public records · entity-resolved
Chesapeake Development Of Hampton R
Entity
Free & Clear · 9 yrs held
Mailing address
2268 HAVERSHAM CLOSE, VIRGINIA BEACH, VA 23454-1151
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2026
—
Cedar Enterprises LLC
—
Deed
related
$6,252,700 · Townebank
Sep 16, 2016
—
Chesapeake Development Of Hampton R
Cedar Enterprises LLC A Virginia Li
Gift Deed
related
—
Mar 21, 2014
$4,600,000
Cedar Enterprises LLC
Chesapeake Dev Hampton Rd INC
Special Warranty Deed
$3,220,000 · Townebank
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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