232 Neck Rd Chesapeake, VA 23322
This high-profile property is located south of the extremely successful Edinburgh project (Target, Walmart Supercenter, Home Depot, Cinema Cafe, Wawa, Chick-Fil-A, Cracker Barrel and many more.) Residential developments include Edinburgh Farms, Hickory Landing, Hickory Manor, Red Knot Apartments, with other retail and residential developments in the planning stages. To the immediate south is the fast growing city of Moyock, where Currituck Station is a planned 3,000 acre site. The mixed-use development includes residential, industrial, retail, office and other commercial uses. Finally, this corridor sees traffic from residents, commuters, shoppers and vacationers. This is the main access points for the millions of visitors who come to the Outer Banks for the summer, the holidays and shoulder seasons.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.