Entity Owned 
For Sale
1 / 2
$2,675,000
1800 Liberty St, Chesapeake, VA 23324
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Property summary
AI-generated overview
Liberty Plaza is located in Chesapeake’s Campostella/South Norfolk submarket within the South Norfolk area, near Downtown Norfolk. The property sits at a signalized intersection, providing vehicular access from surrounding roadways, and is positioned in an area with an estimated population base of roughly 17,000 residents within one mile. Its proximity to the BAE Norfolk Shipyard facility, which employs more than 900 people, supports suitability for retail-oriented uses. The site includes a large pylon sign for on-premises identification and visibility, and the property is maintained as a multi-tenant retail center.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Total area
21,895 SF
Lot
1.69 ac (73,747 SF)
Zoning code
B1: NEIGHBORHOOD BUSINESS
APN
1280000006341
UPID
US87-1341199
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.19M
Comparable Approach
Comparable
$4.29M
Blend (final)
Blend
$3.11M
Owner & transaction history
since 2017
1 recorded transaction
Zoning & alternative use
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.11M
Value range
$2.80M – $3.42M
±10% around blend
Estimated value / SF
$142 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$2.80M
blend $3.11M
$3.42M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
21,895 SF
Lot area
1.69 ac
Year built
1985
Stories
1
APN
1280000006341
Zoning
B1: NEIGHBORHOOD BUSINESS
Assessed value
$2,010,600
Annual tax
$11,312
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.19M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.45M
@ 6.5% CAP return
$3.19M
@ 7% CAP return
$2.96M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$11,312
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.29M
Range $2.03M – $6.12M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.11M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 56 sales
$187
-24%
County 56 sales
$187
-24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $142/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
7.82%
Selected cap rate for this retail space
Derived from the Chesapeake market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.82%
9.0%
NOI (est.)
$209k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.67M
Move the market yield to see immediate price impact.
Value / SF
$122
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.32%7.82%8.32%
$188k
$2.57M
$2.41M
$2.26M
$209k
$2.86M
$2.67M
$2.51M
$230k
$3.14M
$2.94M
$2.76M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$11,312
Tax year 2019
Assessed value
$2,010,600
Assessed 2023
Previous assessed
$2,009,000
+0.1% YoY
Effective rate
0.56%
On assessed value
Assessed land
$254,000
Assessed improvement
$1,756,600
Land market value
$254,000
Improvement market value
$1,756,600
Total market value
$2,010,600
Applied tax rate
31.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1985
Heating
HEAT PUMP
Stories
1
Units
1
Total area
21,895 SF
Lot
1.69 ac (73,747 SF)
Zoning code
B1: NEIGHBORHOOD BUSINESS
APN
1280000006341
UPID
US87-1341199
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VAZoning B1: NEIGHBORHOOD BUSINESS · permitted uses
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
HEAT PUMP
Stories
1
Units
1
Lot
1.69 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B1: NEIGHBORHOOD BUSINESS
Jurisdiction
Chesapeake, VA
Recorded code
B1: NEIGHBORHOOD BUSINESS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B1: NEIGHBORHOOD BUSINESS in Chesapeake, VA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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