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237 S Battlefield Blvd, Chesapeake, VA 23322
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Property summary
AI-generated overview
This Class A retail shopping center, located at 237 S. Battlefield Blvd in Chesapeake, Virginia (zip code 23322), offers exceptional opportunities for businesses seeking high-visibility locations. The property boasts a total of 100,000 square feet and is currently home to multiple tenants. Two immediately available spaces are perfect for a variety of retail uses, ranging from 935 to 1,062 contiguous square feet. The minimum divisible space is 935 square feet, providing flexibility for businesses of different sizes. A total of 1,997 square feet is currently vacant, presenting a unique chance to establish a presence in this thriving Chesapeake City location. The property's prime location ensures high foot traffic and excellent visibility, making it an ideal investment for businesses seeking strong returns. This is a rare opportunity to secure space in a well-maintained, Class A shopping center in a high-demand area. The address is easily accessible and benefits from strong regional demographics. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Total area
27,696 SF
Lot
15.8 ac (688,335 SF)
Zoning code
B1: NEIGHBORHOOD BUSINESS
APN
480000000020
UPID
US87-0674714
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
-
(Bike/Boat/Book/etc) Store
-
Arcade & Gaming Center Sports Field & Court
-
Pet Grooming Service
-
Computer & Electronic Repair Tech Support Center
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$660k
Owner & transaction history
Zoning & alternative use
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$660k
Value range
$594k – $726k
±10% around blend
Estimated value / SF
$24 / SF
Confidence
Property data
100
Comparable evidence
60
$594k
blend $660k
$726k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
27,696 SF
Lot area
15.8 ac
Year built
1965
Stories
1
APN
480000000020
Zoning
B1: NEIGHBORHOOD BUSINESS
Assessed value
$19,333,700
Annual tax
$201,868
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$673k
Range $226k – $673k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$660k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$19.33M
Move the market yield to see immediate price impact.
Value / SF
$698
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.22M
$24.36M
$17.40M
$13.53M
$1.35M
$27.07M
$19.33M
$15.04M
$1.49M
$29.77M
$21.27M
$16.54M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$201,868
Tax year 2019
Assessed value
$19,333,700
Assessed 2023
Previous assessed
$19,333,700
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$5,037,900
Assessed improvement
$14,295,800
Land market value
$5,037,900
Improvement market value
$14,295,800
Total market value
$19,333,700
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1965
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
27,696 SF
Lot
15.8 ac (688,335 SF)
Zoning code
B1: NEIGHBORHOOD BUSINESS
APN
480000000020
UPID
US87-0674714
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VAZoning B1: NEIGHBORHOOD BUSINESS · permitted uses
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
15.8 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B1: NEIGHBORHOOD BUSINESS
Jurisdiction
Chesapeake, VA
Recorded code
B1: NEIGHBORHOOD BUSINESS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B1: NEIGHBORHOOD BUSINESS in Chesapeake, VA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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