Property profile

240 Battlefield S Blvd Chesapeake, VA 23322

OFF-MARKET
Drug stores
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Property ID
US87-0922205
10,983 SF 1.24 ac Built 1996
Last sale Nov 2015·$6,390,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property consists of approximately 6,435 square feet of commercial space suitable for restaurant or retail use. It includes a drive-thru and provides for both building and pylon signage. The site is zoned B-1 for commercial use and has utilities available. It is positioned along South Battlefield Boulevard with reported traffic exposure of about 38,100 vehicles per day and along Cedar Road with reported traffic exposure of about 26,900 vehicles per day, with access to I-464 and I-64 via the 168 bypass.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$28k
Tax billed · 2019
Assessed value · 2023$3.49M
Assessed land$994k
Assessed improvement$2.50M
Effective rate0.80%

Value estimate

· Nov 2026
$1.52M
$1.37M – $1.67M
CAP approach$1.60M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$187/SF
Submarket average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$93 – $280
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B1: NEIGHBORHOOD BUSINESS
JurisdictionCHESAPEAKE CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply19.6
Wholesale Shop17.1
HVAC Service13.1

Location

240 Battlefield S Blvd Chesapeake, VA 23322-5233
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1458 Mt Pleasant, Chesapeake, VA 23322-3934 $2,900,000 Apr 2024 14,563 SF
1100 Cedar Rd Ste, Chesapeake, VA 23322-7475 $2,400,000 Jun 2023 7,116 SF
1418 Cedar, Chesapeake, VA 23322-7172 $6,200,000 Jan 2023 13,644 SF
141 Hillcrest Pkwy, Chesapeake, VA 23322-2187 $3,175,000 Aug 2021 10,740 SF
201 Hanbury E, Chesapeake, VA 23322-6613 $7,300,000 Oct 2020 14,736 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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