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Property profile & analytics
OFF-MARKET
Estimated value
$118,845,000
Community centers
2524 Chesapeake Sq Ring Rd Chesapeake, VA 23321-2187
Entity Owned
~
Est. High Equity
Property ID
US87-1316261
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Total area
178,266 SF
Lot
26.16 ac (1,139,704 SF)
Zoning code
B2: GENERAL BUSINESS
APN
106009000080
UPID
US87-1316261
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Red Robin Gourmet Burgers and Brews Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$118.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$118.85M
Owner & transaction history
Rcc Chesapeake Center Gl LLC
Rcc Chesapeake Center Gl LLC
since 2026
Last sale
$118.8M
7 recorded transactions
Zoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chesapeake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesapeake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$118,845,000
ML approach
$118,845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$118.85M
Range $106.96M – $130.73M · ±10% · vs last sale $118.85M (Jun 6 2024)
Last sale anchor
$118.85M
Jun 6 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$667 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$226,618
Tax year 2019
Assessed value
$21,242,300
Assessed 2023
Previous assessed
$21,242,300
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$5,341,000
Assessed improvement
$15,901,300
Land market value
$5,341,000
Improvement market value
$15,901,300
Total market value
$21,242,300
Applied tax rate
52.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1989
Heating
HEAT PUMP
Stories
1
Units
1
Total area
178,266 SF
Lot
26.16 ac (1,139,704 SF)
Zoning code
B2: GENERAL BUSINESS
APN
106009000080
UPID
US87-1316261
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VA
Zoning B2: GENERAL BUSINESS · permitted uses
B2: GENERAL BUSINESS · Chesapeake, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chesapeake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
HEAT PUMP
Stories
1
Units
1
Lot
26.16 ac
Current owner
From public records · entity-resolved
Rcc Chesapeake Center Gl LLC
Entity
Mailing address
6806 PARAGON PL STE 120TH RICHMOND
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2026
—
Rcc Chesapeake Center Gl LLC
N & G Management LLC
Deed
related
—
Jun 6, 2024
$118,847,000
Rcc Chesapeake Center LLC
Chesapeake Center LLC
Special Warranty Deed
—
Jun 6, 2024
$1,203,000
Rcc Chesapeake Center LLC
Chesapeake Center Outparcel LLC
Special Warranty Deed
—
Dec 12, 2023
—
Chesapeake Center Outparcel LLC
Chesapeake Center LLC
Quit Claim Deed
related
$48,742,500 · Goldman Sachs Bank USA
Mar 1, 2022
—
Chesapeake Center LLC
—
Deed
related
$126,183,320 · Glas Americas LLC
Dec 14, 2020
—
Chesapeake Center LLC
—
Deed
related
$650,000 · Bank Of America NA
Sep 10, 2012
$1,800,000
Economic Development Auth
Chesapeake Center Associates
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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