Entity Owned Property summary
AI-generated overview
This Class A industrial property, located at 1960 Diamond Hill Rd, offers 200,210 square feet of versatile space ideal for manufacturing, warehousing, distribution, or R&D. The building boasts a 27-foot ceiling height, 15 loading docks (including 12 dock-high doors and 3 drive-ins), and ample space for trailer storage. The property features approximately 5,577 square feet of office space and benefits from rail potential via a private Norfolk Southern spur. An ESFR sprinkler system (currently dry) is available. Column spacing is approximately 41'6" x 36'3". The building is equipped with 3-phase electrical power. Zoned M-2 (Heavy Industrial), this location provides easy access to major interstates (I-64, I-264, I-464, I-664, US-13, US-58, US-460), offering amongst the lowest drayage rates in the region. Additional advantages include Foreign Trade Zone and ICE Coffee Future eligibility. This institutionally owned property presents a prime opportunity within the central Hampton Roads "Inside the Beltway" location. The total building size is 267,010 square feet, with a minimum divisible space of 200,210 square feet. The maximum contiguous space available is also 200,210 square feet.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
266,400 SF
Lot
12.1 ac (527,250 SF)
Zoning code
MULTI: MULTIPLE ZONING
APN
1540000000060
UPID
US87-3981891
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
-
Trucking Company
-
(Bike/Boat/Book/etc) Store Auto Parts Store
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
2 recorded transactions
Zoning & alternative use
MULTI: MULTIPLE ZONING · Chesapeake, VA
Top alternative use upside
Apartment house (5+ units)
$118.4M
+231.2%
Restaurant
$98.1M
+174.5%
Auto repair, garage
$68.7M
+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.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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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
$276 / 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
266,400 SF
Lot area
12.1 ac
Year built
1974
Stories
1
APN
1540000000060
Zoning
MULTI: MULTIPLE ZONING
Assessed value
$16,507,400
Annual tax
$128,856
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
+106%
County 78 sales
$134
+106%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $276/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
Retail Stores
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
2.90%
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$177.41M
Move the market yield to see immediate price impact.
Value / SF
$666
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
2.40%2.90%3.40%
$4.63M
$192.94M
$159.67M
$136.19M
$5.15M
$214.38M
$177.41M
$151.32M
$5.66M
$235.81M
$195.16M
$166.46M
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
$128,856
Tax year 2019
Assessed value
$16,507,400
Assessed 2023
Previous assessed
$16,507,400
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,210,400
Assessed improvement
$15,297,000
Land market value
$1,210,400
Improvement market value
$15,297,000
Total market value
$16,507,400
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
1974
Heating
HEAT PUMP
Stories
1
Units
1
Total area
266,400 SF
Lot
12.1 ac (527,250 SF)
Zoning code
MULTI: MULTIPLE ZONING
APN
1540000000060
UPID
US87-3981891
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
MULTI: MULTIPLE ZONING · Chesapeake, VAZoning MULTI: MULTIPLE ZONING · permitted uses
MULTI: MULTIPLE ZONING · 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
1974
Heating
HEAT PUMP
Stories
1
Units
1
Lot
12.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MULTI: MULTIPLE ZONING
Jurisdiction
Chesapeake, VA
Recorded code
MULTI: MULTIPLE ZONING
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MULTI: MULTIPLE ZONING 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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