Property profile

1809 Greenbrier Pkwy Chesapeake, VA 23320

OFF-MARKET
Office buildings
Property ID
US87-0761558
4,293 SF 0.72 ac lot Built 1987
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,293 square foot, two-story office building presents a unique investment opportunity in Chesapeake, VA's thriving Greenbrier submarket. Situated on a 0.72-acre lot at the corner of Greenbrier Parkway and Citizens Lane, this former bank branch boasts a prime location with high visibility and accessibility. The property features a convenient four-lane drive-thru, 27 surface parking spaces, and a monument sign. Built in 1987, the Class B building offers excellent potential for renovation or build-to-suit opportunities. The site benefits from a daily traffic count of 29,000 vehicles and is strategically located less than half a mile from I-64, providing easy access to major transportation arteries. The property is zoned Planned Unit Development (PUD), allowing for a variety of commercial uses, including offices, retail, and services, as permitted by the Chesapeake Zoning Ordinance. Nearby amenities include national retailers, major employment centers, and educational institutions such as Indian River High School. The property's adjacency to Taco Bell and proximity to Toyota and Infiniti dealerships further enhances its desirability. This is an exceptional opportunity to acquire a well-positioned commercial property in a high-growth area. The property taxes are $2.90 per square foot.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 4,293 SF
Lot 0.72 ac (31,363 SF)
Zoning code PUD: PLANNED UNIT DEVELOP
APN 280000000393
UPID US87-0761558

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
  • Loan Service Bank
  • Insurance Agency
  • Loan Service Bank

Location

1809 Greenbrier Pkwy Chesapeake, VA 23320-2605
Chesapeake metro Census 20809 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$785k
CAP Approach CAP
$1.08M
Comparable Approach Comparable
$805k
Blend (final) Blend
$860k

Owner & transaction history

since 2025
Last sale
$1.1M
2 recorded transactions
2025
$1.1M
2022
$1.0M

Zoning & alternative use

PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Top alternative use upside
Auto repair, garage $1.2M +97.5%
Retail stores $805,000 +33.0%
Commercial (general) $720,000 +18.7%

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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