Entity Owned Property summary
AI-generated overview
This exceptional Class A industrial property, located at 1920 Campostella Rd, offers 224,620 square feet of versatile space, divisible to a minimum of 75,980 square feet. The building boasts a 27-foot ceiling height, 19 dock-high doors, and 7 drive-in doors, making it ideal for warehouse, manufacturing, distribution, or R&D operations. The property features an ESFR sprinkler system, approximately 4,000 square feet of office space, and rail potential via a private Norfolk Southern spur. Previously occupied by Amazon, this facility offers drive-thru capability and a large shared paved trailer storage yard. Its strategic location in Central Hampton Roads provides immediate access to major interstates (I-64, I-264, I-464, I-664, US-13, US-58, US-460), benefiting from amongst the lowest drayage rates in the region. The M-2 (Heavy Industrial) zoning allows for a wide range of uses. Additional features include 3-phase electrical power, column spacing varying around 48' x 55', and potential eligibility for Foreign Trade Zone and ICE Coffee Future programs. The property is institutionally owned and presents a rare opportunity for significant industrial space in a prime location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
228,040 SF
Lot
8.71 ac (379,233 SF)
Zoning code
M2: GENERAL INDUSTRIAL
APN
1530000000003
UPID
US87-1066651
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
-
Warehouse & Storage
Location
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
Zoning & alternative use
M2: GENERAL INDUSTRIAL · Chesapeake, VA
Top alternative use upside
Apartment house (5+ units)
$101.4M
+231.2%
Restaurant
$84.0M
+174.5%
Auto repair, garage
$58.8M
+92.1%
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$73.50M
Value range
$66.15M – $80.85M
±10% around blend
Estimated value / SF
$322 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$66.15M
blend $73.50M
$80.85M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
228,040 SF
Lot area
8.71 ac
Year built
1980
Stories
1
APN
1530000000003
Zoning
M2: GENERAL INDUSTRIAL
Assessed value
$14,795,500
Annual tax
$108,647
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$73.50M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 78 sales
$134
+140%
County 78 sales
$134
+140%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $322/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+231%
vs current-use indication
Restaurant
Auto Repair, Garage
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
Not available
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: replacement-cost inputs are not on file.
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
2.50%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$5.15M *
Last sale · Feb 2024
$73.50M
* 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$205.80M
Move the market yield to see immediate price impact.
Value / SF
$902
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
2.00%2.50%3.00%
$4.63M
$231.53M
$185.22M
$154.35M
$5.15M
$257.25M
$205.80M
$171.50M
$5.66M
$282.98M
$226.38M
$188.65M
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
$108,647
Tax year 2019
Assessed value
$14,795,500
Assessed 2023
Previous assessed
$14,795,500
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$797,100
Assessed improvement
$13,998,400
Land market value
$797,100
Improvement market value
$13,998,400
Total market value
$14,795,500
Applied tax rate
31.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
ELECTRIC
Stories
1
Units
1
Total area
228,040 SF
Lot
8.71 ac (379,233 SF)
Zoning code
M2: GENERAL INDUSTRIAL
APN
1530000000003
UPID
US87-1066651
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
M2: GENERAL INDUSTRIAL · Chesapeake, VAZoning M2: GENERAL INDUSTRIAL · permitted uses
M2: GENERAL 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
1980
Heating
ELECTRIC
Stories
1
Units
1
Lot
8.71 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M2: GENERAL INDUSTRIAL
Jurisdiction
Chesapeake, VA
Recorded code
M2: GENERAL INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M2: GENERAL 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
Private report access
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.
Registration is required before any owner information is shown.
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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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