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    1960 Diamond Hl Rd Chesapeake, VA 23324-3077
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    Property profile & analytics

    1960 Diamond Hl Rd, Chesapeake, VA 23324-3077

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    • Warehouses
    • 266,400 SF
    • 12.10 lot acres
    Off-Market
    Last Sale Feb 26, 2024
    $73,500,000
    Property ID
    US87-3981891
    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

    • Cowan Container Co / Trucking Company
    • NTW - National Tire Wholesale / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 1960 Diamond Hl Rd

    Year built
    1974
    Lot size
    12.10 lot acres
    Zone code
    MULTI: MULTIPLE ZONING
    Property type
    Warehouses
    APN
    1540000000060
    APU
    1540000000060

    Description

    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.


    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)
      $118,400,000
      RESTAURANT
      $98,145,000
      AUTO REPAIR, GARAGE
      $68,680,000
      RETAIL STORES
      $49,915,000

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


    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.2656
    Latitude
    36.7919
    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
    $128,856
    $1,210,400
    $15,297,000
    $16,507,400
    -
    $1,210,400
    $15,297,000
    $16,507,400
    More about this property
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