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    Property profile & analytics

    1828 Military Hwy Chesapeake, VA 23320-2614

    • Warehouses
    • 19,380 SF
    • 2.93 lot acres
    OFF-MARKET
    Value Estimation
    $2,685,000
    Last Sale
    May 23, 2024
    $2,732,000
    Location Intelligence
    Property ID
    US87-1690201
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hampton Roads Tire Service / Tire Shop / Oil Change Service
    • Causeway Plumbing LLC / Plumber

    Property Details for 1828 Military Hwy

    Year built
    1975
    Lot size
    2.93 lot acres
    Property size
    19,380 SF
    Zone code
    M1: LIGHT INDUSTRIAL
    Property type
    Warehouses
    APN
    272009000020
    APU
    272009000020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,860,000
      6.5%
      $2,580,000
      7%
      $2,670,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,520,000
      Geo Method
      $2,415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,880,000
      Retail
      $2,835,000
      Mixed-Use
      $2,425,000
      Hospitality
      $2,510,000
      Educational
      $2,595,000
      Residential Income
      $2,665,000
      Energy
      $2,460,000
      Income-Based Land
      $2,315,000
      Food Service
      $2,635,000

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.2506
    Latitude
    36.7866
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $10,575
    $512,400
    $698,500
    $1,210,900
    -
    $512,400
    $698,500
    $1,210,900

    Comparable in this City

    • Value Estimation by Request
      10,428 SF

      807 Live Oak Dr

      WAREHOUSE, STORAGE • 10,428 SF
      807 Live Oak Dr, Chesapeake, VA 23320-2601
      View Details
    • Value Estimation by Request
      45,560 SF

      716 Eden N Way

      MINI-WAREHOUSE, STORAGE • 45,560 SF
      716 Eden N Way, Chesapeake, VA 23320-2790
      View Details
    • Value Estimation by Request
      32,388 SF

      1712 Military Hwy

      WAREHOUSE, STORAGE • 32,388 SF
      1712 Military Hwy, Chesapeake, VA 23320-2612
      View Details
    • Value Estimation by Request
      9,347 SF

      933 Ventures Way

      WAREHOUSE, STORAGE • 9,347 SF
      933 Ventures Way, Chesapeake, VA 23320-2857
      View Details
    • Value Estimation by Request
      18,575 SF

      408 Network Sta

      WAREHOUSE, STORAGE • 18,575 SF
      408 Network Sta, Chesapeake, VA 23320-3848
      View Details
    • Value Estimation
      $4,100,000
      60,000 SF

      2210 Paramont Ave

      WAREHOUSE, STORAGE • 60,000 SF
      2210 Paramont Ave, Chesapeake, VA 23320-2461
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $10 SF/Yr
      83,000 SF

      Chesapeake Industrial Warehouse Space

      Multiple warehouse units available for lease.
      2517 Military Hwy, Chesapeake, VA 23320
      View Details
    • $3,725 /Mo
      24,000 SF

      Greenbrier Flex Space Available

      Multi-tenant flex space in central Greenbrier location for lease.
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    • $12 SF/Yr
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      Chesapeake Warehouse Space Available

      15,023 square foot warehouse space for lease in Chesapeake.
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    • $12 SF/Yr
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      Chesapeake Office/Warehouse Project

      Office/warehouse project in Greenbrier submarket with multiple suites available.
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    • Contact for pricing
      18,196 SF

      Renovated Chesapeake Warehouse with Laydown

      18,196 SF warehouse with renovated office and laydown yard.
      1828 S Military Hwy, Chesapeake, VA 23320
      View Details
    • $13 SF/Yr
      1,500 SF

      Versatile Warehouse Space Available

      2,700 SF warehouse with offices, near I-64.
      206 Research Dr, Chesapeake, VA 23320
      View Details
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    Chesapeake, VA 23320-2614
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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