Property profile

2037 Battlefield N Blvd Chesapeake, VA 23324

OFF-MARKET
Retail space
Property ID
US87-0704383
2,200 SF 1.66 ac lot Built 2001
Entity Owned 5-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Gas Station
  • Atm
  • Gas Station

Location

2037 Battlefield N Blvd Chesapeake, VA 23324
Chesapeake metro Census 20700 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.68M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.56M

Owner & transaction history

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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