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    Property profile & analytics

    233 Ml Crk Pkwy, Unit 2B Chesapeake, VA 23323-1094

    • Apartment buildings
    • 14,460 SF
    • 12.00 lot acres
    OFF-MARKET
    Value Estimation
    $12,925,000
    Last Sale
    May 30, 2023
    $13,050,000
    Location Intelligence
    Property ID
    US87-1144848
    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.

    Current Use by Public Records

    • Infinitii Ventures LLC / Notary Public

    Property Details for 233 Ml Crk Pkwy

    Year built
    1996
    Lot size
    12.00 lot acres
    Property size
    14,460 SF
    Zone code
    RMF1: MULTI-FAMILY RESIDE
    Property type
    Apartment buildings
    APN
    452004000071
    APU
    452004000071

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $12,655,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,035,000
      6.5%
      $13,135,000
      7%
      $13,010,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $13,660,000
      Geo Method
      $13,860,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $15,565,000
      Retail
      $11,550,000
      Mixed-Use
      $12,570,000
      Hospitality
      $13,530,000
      Educational
      $15,600,000
      Residential Income
      $11,550,000
      Energy
      $14,565,000
      Income-Based Land
      $13,040,000
      Food Service
      $15,100,000

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.3467
    Latitude
    36.7381
    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
    $12,108
    $168,000
    $1,220,900
    $1,388,900
    -
    $168,000
    $1,220,900
    $1,388,900

    Comparable in this City

    • Value Estimation by Request
      26.78 Acres

      500 Fieldstone Ln, Unit 101

      APARTMENT HOUSE (5+ UNITS) • 26.78 Acres
      500 Fieldstone Ln, Chesapeake, VA 23323-5226
      View Details
    • Value Estimation
      $12,910,000
      11,250 SF

      213 Ml Crk Pkwy, Unit 2D

      APARTMENT HOUSE (5+ UNITS) • 11,250 SF
      213 Ml Crk Pkwy, Chesapeake, VA 23323-1085
      View Details
    • Value Estimation by Request
      43,800 SF

      500 Blue Bell St, Unit 100

      APARTMENT HOUSE (5+ UNITS) • 43,800 SF
      500 Blue Bell St, Chesapeake, VA 23323-1426
      View Details
    • Value Estimation
      $12,915,000
      11,250 SF

      205 Ml Crk Pkwy, Unit 3B

      APARTMENT HOUSE (5+ UNITS) • 11,250 SF
      205 Ml Crk Pkwy, Chesapeake, VA 23323-1087
      View Details
    • Value Estimation by Request
      59,200 SF

      1258 George Washington N Hwy

      APARTMENT HOUSE (5+ UNITS) • 59,200 SF
      1258 George Washington N Hwy, Chesapeake, VA 23323
      View Details
    • Value Estimation
      $12,890,000
      14,460 SF

      241 Ml Crk Pkwy, Unit 2B

      APARTMENT HOUSE (5+ UNITS) • 14,460 SF
      241 Ml Crk Pkwy, Chesapeake, VA 23323-1083
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      8,214 SF

      Chesapeake Warehouse Space Available

      Warehouse space for rent featuring dock loading and radiant heating.
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    • $9 SF/Yr
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      Prime Chesapeake Warehouse Space

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    • Contact for pricing
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      Industrial Warehouse with Outside Storage

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      Available Commercial Outparcels For Rent

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      View Details
    • $1,800 /Mo
      1,500 SF

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      View Details
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    Chesapeake, VA 23323-1094
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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