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Property profile & analytics
OFF-MARKET Estimated value $2,510,000
Retail space

2037 Battlefield N Blvd Chesapeake, VA 23324

2,200 SF 1.66 ac lot Built 2001
Entity Owned 4-yr Hold Free & Clear
Property ID
US87-0704383
Property summary
AI-generated overview

This exceptional 1,000 square foot retail property, located at 2037 N Battlefield Blvd in Chesapeake, VA, presents a unique investment opportunity. Situated on a busy intersection, this single-tenant building offers high visibility and excellent potential for a variety of businesses. Currently configured as a coin-operated self-service car wash, the existing equipment is not currently functional. However, the strategic location makes it ideal for a range of complementary businesses, including but not limited to auto detailing, oil change services, or other automotive-related enterprises. The property's classification includes both retail and land components, providing flexibility for potential redevelopment or expansion. The building's single-suite layout simplifies management and operation, making it an attractive option for both established businesses and new ventures. This property offers a blank canvas for a savvy entrepreneur to capitalize on the high traffic count and prime location on North Battlefield Boulevard. The substantial land area provides ample space for potential future development or expansion of existing operations. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Chesapeake, VA market. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2001
Total area 2,200 SF
Lot 1.66 ac (72,310 SF)
Zoning code B2: GENERAL BUSINESS
APN 1540000000842
UPID US87-0704383
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
  • Sunoco Gas Station Gas Station
  • ATM Atm
  • Race Coast Mart Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.68M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.51M
Owner & transaction history
5 Star Real Estate LLC · 4 yrs held
5 Star Real Estate LLC
since 2021
Last sale
$2.4M
4 recorded transactions
2022
Price N/A
2021
$1.8M
2009
$2.4M
2006
Price N/A
Zoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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