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Property profile & analytics
OFF-MARKET Estimated value $73,500,000
Warehouses

1960 Diamond Hl Rd Chesapeake, VA 23324-3077

266,400 SF 12.1 ac lot Built 1974
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US87-3981891
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cowan Container Co Trucking Company
  • NTW - National Tire Wholesale (Bike/Boat/Book/etc) Store Auto Parts Store
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
Dh Va Owner LLC · 2 yrs held
Dh Va Owner LLC
since 2024
Last sale
$73.5M
2 recorded transactions
2024
$73.5M
2013
$33.4M
Zoning & alternative use
MULTI: MULTIPLE ZONING · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $118.4M +231.2%
Restaurant $98.1M +174.5%
Auto repair, garage $68.7M +92.1%
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