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Property profile & analytics
OFF-MARKET
Estimated value
$3,145,000
Automotive properties
1545 Ring Rd Chesapeake, VA 23320-2836
Entity Owned
5-yr Hold
Free & Clear
Property ID
US87-2113973
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2018
Total area
7,865 SF
Lot
1.04 ac (45,477 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
280000000800
UPID
US87-2113973
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
-
Firestone Complete Auto Care (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.19M
Blend (final)
Blend
$3.15M
Owner & transaction history
555 Abrego LLC · 5 yrs held
555 Abrego LLC
since 2020
Last sale
$3.3M
5 recorded transactions
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.5M
+59.8%
Restaurant
$2.9M
+32.4%
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
$3,005,000
ML approach
$2,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,190,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,495,000
Change: +60% · Conversion: Difficult
RESTAURANT
$2,900,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$3.15M
Range $2.83M – $3.46M · ±10% · vs last sale $3.33M (Sep 11 2020)
Last sale anchor
$3.33M
Sep 11 2020
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
$400 / 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
$18,038
Tax year 2019
Assessed value
$3,535,700
Assessed 2023
Previous assessed
$3,079,700
+14.8% YoY
Effective rate
0.51%
On assessed value
Assessed land
$887,400
Assessed improvement
$2,648,300
Land market value
$887,400
Improvement market value
$2,648,300
Total market value
$3,535,700
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Units
1
Total area
7,865 SF
Lot
1.04 ac (45,477 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
280000000800
UPID
US87-2113973
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Zoning 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
Chesapeake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
2018
Heating
NONE
Stories
1
Units
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
555 Abrego LLC
Entity
Free & Clear · 5 yrs held
Mailing address
24591 SILVER CLOUD CT STE #100, MONTEREY, CA 93940-6551
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2020
—
555 Abrego LLC
—
Deed
related
$1,100,000 · Community Bank Of The Chesapeake
Sep 11, 2020
$3,326,870
555 Abrego LLC
Bayrock Investment Co-collins Ave E
Special Warranty Deed
—
Sep 16, 2019
$3,235,000
Bayrock Investment Co-collins Ave E
Pavilion Fs-greenbrier LLC
Special Warranty Deed
$2,100,000 · First Internet Bank Of Indiana
Aug 27, 2018
$885,000
Pavilion Fs-greenbrier LLC
That Cbl & Associates Management In
Special Warranty Deed
$4,400,000 · Woodforest National Bank
Apr 11, 2005
$575,000
C B L And Assoc Mgmt INC
Greenbrier Mall Ptnrs L P
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.
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