Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2613 Taylor Rd Chesapeake, VA 23321-2246

    • Medical offices
    • 31,852 SF
    • 3.68 lot acres
    OFF-MARKET
    Last Sale
    Jan 06, 2021
    $14,760,000
    Value Estimations
    $14,135,000
    Show details
    Cap Rate Potential
    2.9%
    Medical offices
    Location Intelligence
    Property ID
    US87-0930627
    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

    • Virginia Orthopaedic & Spine Specialists / Physician
    • Alison C. Skinner, MD / Pediatrician / Physician
    • Margo Smith, NP / Registered General Nurse
    • Cindee Hawkins, PA / Physician
    • Andrea Taylor / Physician

    Property Details for 2613 Taylor Rd

    Year built
    2017
    Construction
    WOOD FRAME
    Lot size
    3.68 lot acres
    Property size
    31,852 SF
    Zone code
    O-I: OFFICE & INSTITUTION
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    100000000610
    APU
    100000000610

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,720,000
      ML approach
      $11,305,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.4128
    Latitude
    36.8317
    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
    $92,425
    $1,657,400
    $7,933,800
    $9,591,200
    -
    $1,657,400
    $7,933,800
    $9,591,200

    Comparable in this City

    • Value Estimation
      $575,000
      7,317 SF

      3210 Churchland Blvd Ste, Unit 1

      MEDICAL BUILDING • 7,317 SF
      3210 Churchland Blvd Ste, Chesapeake, VA 23321-5253
      View Details
    • Value Estimation
      $565,000
      7,317 SF

      3212 Churchland Blvd, Unit 6

      MEDICAL BUILDING • 7,317 SF
      3212 Churchland Blvd, Chesapeake, VA 23321-5262
      View Details
    • Value Estimation
      $675,000
      12,124 SF

      3253 Taylor Rd

      MEDICAL BUILDING • 12,124 SF
      3253 Taylor Rd, Chesapeake, VA 23321-2452
      View Details
    • Value Estimation
      $5,215,000
      11,410 SF

      4037 Taylor Rd Ste C

      MEDICAL BUILDING • 11,410 SF
      4037 Taylor Rd Ste C, Chesapeake, VA 23321-5500
      View Details
    • Value Estimation by Request
      12,439 SF

      3105 Western Br Blvd

      MEDICAL BUILDING • 12,439 SF
      3105 Western Br Blvd, Chesapeake, VA 23321-5543
      View Details
    • Value Estimation
      $1,045,000
      5,652 SF

      106 American Legion Rd

      MEDICAL BUILDING • 5,652 SF
      106 American Legion Rd, Chesapeake, VA 23321-5602
      View Details

    Similar Nearby for Sale

    • $700,000
      0.13 Acres

      Versatile Chesapeake Medical/Professional Office

      Adaptable office property in prime Chesapeake location with excellent accessibility.
      3808 Poplar Hill Rd, Chesapeake, VA 23321
      View Details
    • Contact for pricing
      7,741 SF

      Chesapeake Office Building For Sale

      Office building with ample parking, near Route 164.
      3207 Churchland Blvd, Chesapeake, VA 23321
      View Details
    • $79,990
      0.02 Acres

      Chesapeake Office Condo For Sale

      Own Your Office Space in Churchland
      3802 Poplar Hill Rd, Chesapeake, VA 23321
      View Details
    • New
      $78,900
      0.53 Acres

      Buildable Lot in Chesapeake, VA

      Half-acre lot in Chesapeake, ready for your dream home.
      13 Truitt Rd, Chesapeake, VA 23321
      View Details
    • New
      $78,900
      0.53 Acres

      Buildable Lot in Chesapeake, VA

      Half-acre buildable lot in a residential area. Septic/well required.
      14 Truitt Rd, Chesapeake, VA 23321
      View Details
    • $170,000

      Land in Western Branch District

      Land suitable for building a dream home or tranquil retreat.
      4700 Elizabeth Harbor Dr, Chesapeake, VA 23321
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      185,322 SF

      Prime Chesapeake Executive Office Space

      Spacious suites, ample parking, high visibility.
      4300 Portsmouth Blvd, Chesapeake, VA 23321
      View Details
    • $900 /Mo
      871 SF

      Chesapeake Office Suite For Lease

      Versatile office suite in Chesapeake, ideal for small businesses.
      3808 Poplar Hl Rd Unit, Chesapeake, VA 23321
      View Details
    • $900 /Mo
      436 SF

      Chesapeake Office Suite For Lease

      Functional office suite in a convenient Chesapeake location, move-in ready.
      3808 Poplar Hl Rd Unit, Chesapeake, VA 23321
      View Details
    • Contact for pricing
      2,314 SF

      Office Space in Western Branch

      Office space available in a fast-growing, affluent area.
      4016 Raintree Rd, Chesapeake, VA 23321
      View Details
    • Contact for pricing
      1,689 SF

      Office Space in Western Branch

      Two-building office space in a fast-growing, affluent area.
      4012 Raintree Rd, Chesapeake, VA 23321
      View Details
    • Contact for pricing
      2,608 SF

      Chesapeake Office Space For Rent

      Office space available for lease in Chesapeake, Virginia.
      4057 Taylor Rd, Chesapeake, VA 23321
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2613 Taylor Rd
    Chesapeake, VA 23321-2246
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.