Property profile

2812 Yadkin Rd Chesapeake, VA 23323

FOR LEASE
Commercial land
Property ID
US87-0992238
0.94 ac lot
Entity Owned 19-yr Hold ~ Est. High Equity
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2812 Yadkin Rd, Chesapeake, VA 23323 For Lease
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2812 Yadkin Rd, Chesapeake, VA 23323
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Property summary

AI-generated overview

The property consists of two available outparcels within a retail center anchored by a Food Lion: Outparcel A with an area of 0.83 acres and Outparcel C with an area of 0.94 acres (Outparcel B is not included). The retail center serves a surrounding population that includes residents as well as employees associated with nearby commercial and industrial uses. The site is designed with multiple points of ingress and egress to support vehicular access. The surrounding road network includes George Washington Highway with traffic volumes of approximately 24,000 vehicles per day and Military Highway with traffic volumes of approximately 19,000 vehicles per day.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.94 ac (40,903 SF)
Zoning code B4: SHOPPING CENTER
APN 252011000070
UPID US87-0992238

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2812 Yadkin Rd Chesapeake, VA 23323
Chesapeake metro Census 21401 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2006
1 recorded transaction
2006
$280,000

Zoning & alternative use

B4: SHOPPING CENTER · Chesapeake, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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