Technical
Financial
Distress signals
Property profile

1910 Campostella Rd Chesapeake, VA 23324

OFF-MARKET
Warehouses
Property ID
US87-1337768
151,250 SF 16.4 ac lot Built 1997
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1997
Total area 151,250 SF
Lot 16.4 ac (714,558 SF)
Zoning code M2: GENERAL INDUSTRIAL
APN 1530000000004
UPID US87-1337768

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1910 Campostella Rd Chesapeake, VA 23324-2929
Chesapeake metro Census 20700 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$73.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$73.50M

Owner & transaction history

since 2024
Last sale
$73.5M
1 recorded transaction
2024
$73.5M

Zoning & alternative use

M2: GENERAL INDUSTRIAL · Chesapeake, VA
Top alternative use upside
Apartment house (5+ units) $67.2M +231.2%
Restaurant $55.7M +174.5%

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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