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Property profile & analytics
OFF-MARKET Estimated value $7,620,000
Outlet malls

157 Hillcrest Pkwy Chesapeake, VA 23322-2180

110,805 SF 12.2 ac lot Built 2005
Entity Owned Absentee Owner Free & Clear
Property ID
US87-0604889
Property summary
AI-generated overview

This exceptional 10.6-acre commercial land parcel presents a unique investment opportunity in the thriving southern Chesapeake, Virginia market. Strategically located adjacent to a Home Depot, this property boasts unparalleled visibility and accessibility, fronting along South Battlefield Boulevard. The site is zoned PUD, offering flexibility for a wide range of commercial development projects. With its prime location and high traffic count, this land is ideally suited for businesses seeking maximum exposure and convenient access for customers. The asking price is $2,500,000. The property's address is 157 Hillcrest Pkwy, Chesapeake, VA 23322. Its geographical coordinates are latitude 36.65655618884377 and longitude -76.22547172072315. This is a rare opportunity to acquire a significant commercial land holding in a rapidly growing area. The property's proximity to major retail anchors and established businesses makes it an attractive proposition for developers and investors alike. Serious inquiries are encouraged. The seller is offering the property "as is". All interested parties are responsible for conducting their own due diligence.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2005
Total area 110,805 SF
Lot 12.2 ac (531,519 SF)
Zoning code PUD: PLANNED UNIT DEVELOP
APN 730000001702
UPID US87-0604889
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
  • Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
  • Tool & Truck Rental Rental Equipment Company
  • Primo Water Exchange Big Box & Wholesale Store
  • The Home Depot Building Supply Hardware & Home Improvement
  • Home Services at The Home Depot General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.49M
Blend (final) Blend
$7.62M
Owner & transaction history
HD DEVELOPMENT MARYLAND INC
HD DEVELOPMENT MARYLAND INC
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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