Entity Owned Property summary
AI-generated overview
The property consists of a masonry industrial building with approximately 18,196 square feet of total space on a 6.1-acre parcel, including about 12,943 square feet of warehouse area, 2,608 square feet of office space, and approximately 2,645 square feet of second-floor mezzanine storage. Loading is provided by seven drive-in doors, with five doors sized at 14 feet by 16 feet, one door sized at 14 feet by 10 feet, and one door sized at 10 feet by 10 feet. The warehouse clear heights vary, measuring 11 feet across approximately 5,464 square feet and 19 feet 9 inches across approximately 7,479 square feet. Electrical service is 208V / 400A / 3-phase. The property is zoned M-1 and includes an adjacent gravel laydown yard configured with planned site improvements such as new fencing, lighting, and stormwater retention. Renovations include construction of a new office/showroom, installation of a new glass storefront, replacement of overhead doors, exterior painting and masonry repair, LED warehouse lighting, and replacement of HVAC and gas warehouse heaters.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
19,380 SF
Lot
2.93 ac (127,544 SF)
Zoning code
M1: LIGHT INDUSTRIAL
APN
272009000020
UPID
US87-1690201
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
-
(Bike/Boat/Book/etc) Store Auto Parts Store
-
Plumbing Service General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
$2.37M
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$2.73M
Owner & transaction history
since 2024
Last sale
$2.7M
1 recorded transaction
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VA
Top alternative use upside
Retail stores
$3.6M
+34.0%
Commercial (general)
$3.2M
+19.7%
Office building
$2.7M
+0.8%
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.73M
Value range
$2.46M – $3.00M
±10% around blend
Estimated value / SF
$141 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$2.46M
blend $2.73M
$3.00M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,380 SF
Lot area
2.93 ac
Year built
1975
Stories
1
APN
272009000020
Zoning
M1: LIGHT INDUSTRIAL
Assessed value
$1,210,900
Annual tax
$10,575
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.37M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.57M
@ 6.5% CAP return
$2.37M
@ 7% CAP return
$2.21M
4
Sales comparison
Partial preview
Sales approach indication
$1.81M
Range $1.81M – $3.53M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.73M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$140
+1%
Submarket 78 sales
$134
+5%
County 78 sales
$134
+5%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $141/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+34%
vs current-use indication
Commercial (general)
Office Building
Warehouse, Storage · current use
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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
Not available
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
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.60%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.60%
9.0%
NOI (est.)
$191k *
Last sale · May 2024
$2.73M
* 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$3.42M
Move the market yield to see immediate price impact.
Value / SF
$176
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
5.10%5.60%6.10%
$172k
$3.37M
$3.07M
$2.82M
$191k
$3.75M
$3.42M
$3.14M
$210k
$4.12M
$3.76M
$3.45M
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
$10,575
Tax year 2019
Assessed value
$1,210,900
Assessed 2023
Previous assessed
$1,210,900
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$512,400
Assessed improvement
$698,500
Land market value
$512,400
Improvement market value
$698,500
Total market value
$1,210,900
Applied tax rate
43.0000
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
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Heating
HEAT PUMP
Stories
1
Units
1
Total area
19,380 SF
Lot
2.93 ac (127,544 SF)
Zoning code
M1: LIGHT INDUSTRIAL
APN
272009000020
UPID
US87-1690201
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VAZoning M1: LIGHT INDUSTRIAL · permitted uses
M1: LIGHT INDUSTRIAL · 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
1975
Heating
HEAT PUMP
Stories
1
Units
1
Lot
2.93 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1: LIGHT INDUSTRIAL
Jurisdiction
Chesapeake, VA
Recorded code
M1: LIGHT INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M1: LIGHT INDUSTRIAL in Chesapeake, VA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
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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.
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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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