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Property profile & analytics
OFF-MARKET Estimated value $900,000
Office buildings

1809 Greenbrier Pkwy Chesapeake, VA 23320-2605

4,293 SF 0.72 ac lot Built 1987
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US87-0761558
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • BB&T Mortgage Loan Service Bank
  • BB&T Insurance Services Insurance Agency
  • Lauren Marie Pulvermacher - Truist Mortgage Loan Officer Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$785k
CAP Approach CAP
$1.08M
Comparable Approach Comparable
$805k
Blend (final) Blend
$900k
Owner & transaction history
Jpm Real Estate Va LLC · 1 yrs held
Jpm Real Estate Va LLC
since 2025
Last sale
$1.1M
2 recorded transactions
2025
$1.1M
2022
$1.0M
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.2M +97.5%
Retail stores $805,000 +33.0%
Commercial (general) $720,000 +18.7%
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