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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Turn key restaurants
1568 Crossways Blvd Chesapeake, VA 23320-2841
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-0039376
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Total area
7,918 SF
Lot
5.7 ac (248,248 SF)
Zoning code
MULTI: MULTIPLE ZONING
APN
280000000714
UPID
US87-0039376
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
-
Joe's Crab Shack Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$573k
Blend (final)
Blend
$520k
Owner & transaction history
Jsb Real Estate Group LLC · 1 yrs held
Jsb Real Estate Group LLC
since 2024
Last sale
$3,000
2 recorded transactions
Zoning & alternative use
MULTI: MULTIPLE ZONING · 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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $3k (Sep 17 2024)
Last sale anchor
$3k
Sep 17 2024
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
$66 / 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
$31,445
Tax year 2019
Assessed value
$3,353,200
Assessed 2023
Previous assessed
$3,254,900
+3.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$1,821,600
Assessed improvement
$1,531,600
Land market value
$1,821,600
Improvement market value
$1,531,600
Total market value
$3,353,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1998
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
7,918 SF
Lot
5.7 ac (248,248 SF)
Zoning code
MULTI: MULTIPLE ZONING
APN
280000000714
UPID
US87-0039376
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
MULTI: MULTIPLE ZONING · Chesapeake, VA
Zoning MULTI: MULTIPLE ZONING · permitted uses
MULTI: MULTIPLE ZONING · 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
1998
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
5.7 ac
Current owner
From public records · entity-resolved
Jsb Real Estate Group LLC
Entity
Free & Clear · 1 yrs held
Mailing address
234 W 44TH ST #701, NEW YORK, NY 10036-3909
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2024
$3,000
Jsb Real Estate Group LLC
Broadhurst Theatre LLC
Warranty Deed
—
Oct 10, 2007
$3,883,156
Broadhurst Theater LLC
Sovereign J C S LLC
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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