Technical
Financial
Distress signals
Property profile

157 Hillcrest Pkwy Chesapeake, VA 23322

FOR SALE
Outlet malls
Property ID
US87-0604889
110,805 SF 12.2 ac lot Built 2005
Entity Owned Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Building Supply
  • Rental Equipment Company
  • Big Box & Wholesale Store
  • Building Supply Hardware & Home Improvement
  • General Contractor

Location

157 Hillcrest Pkwy Chesapeake, VA 23322
Chesapeake metro Census 21004 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

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

Zoning & alternative use

PUD: PLANNED UNIT DEVELOP · Chesapeake, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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