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    1910 Campostella Rd Chesapeake, VA 23324-2929
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    Property profile & analytics

    1910 Campostella Rd, Chesapeake, VA 23324-2929

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    • Warehouses
    • 151,250 SF
    • 16.40 lot acres
    Off-Market
    Last Sale Feb 26, 2024
    $73,500,000
    Property ID
    US87-1337768
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1910 Campostella Rd

    Year built
    1997
    Lot size
    16.40 lot acres
    Zone code
    M2: GENERAL INDUSTRIAL
    Property type
    Warehouses
    APN
    1530000000004
    APU
    1530000000004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 26, 2024 $73,500,000 Dh Va Owner LLC Icon Mars Property Owner Pool 4 Dc/ Special Warranty Deed $49.1M · Lawyers Title Realty Services INC

    Description

    Diamond Hill Distribution Center, located at 1910 Campostella Rd, Chesapeake, VA 23324, offers a prime opportunity for businesses seeking Class A industrial space. This 230,136 square foot facility, built in 1997 and renovated in 2020, features multiple suites with a minimum divisible space of 154,435 square feet and a maximum contiguous space of 90,475 square feet currently available. The building boasts a 31-foot ceiling height, making it ideal for various industrial uses including distribution, manufacturing, warehousing, and research & development. Loading capabilities include 25 loading docks, with 24 dock-high doors (10 with in-ground pit levelers and 14 with edge-of-dock levelers) and one drive-in door. The property also offers approximately 1,634 square feet of office space. Power is supplied by a 3-phase, 480-volt, 800-amp system. The building is equipped with a wet sprinkler system with high pile ELO sprinkler heads, and has a modified cross-dock design. The property is zoned M-2 (Heavy Industrial) and benefits from its strategic location in Central Hampton Roads, offering easy access to major interstates including I-64, I-264, I-464, I-664, US-13, US-58, and US-460. Additional advantages include a large shared paved trailer storage yard, potential rail access via a private Norfolk Southern spur, and eligibility for Foreign Trade Zone and ICE Coffee Future programs. The property is institutionally owned and enjoys amongst the lowest drayage rates in the region. Column spacing varies, approximately 47 feet wide by 55 feet deep.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      Off market
      ML approach
      Off market
    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $67,220,000
      RESTAURANT
      $55,720,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.2675
    Latitude
    36.7873
    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
    $109,834
    $1,447,200
    $15,321,700
    $16,768,900
    -
    $1,447,200
    $15,321,700
    $16,768,900
    More about this property
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