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Property profile & analytics
OFF-MARKET
Estimated value
$20,640,000
Distribution centers
3000 Yadkin Rd Chesapeake, VA 23323
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-3636997
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Total area
130,510 SF
Lot
33.74 ac (1,469,540 SF)
Zoning code
M1: LIGHT INDUSTRIAL
APN
330000002389
UPID
US87-3636997
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.98M
Comparable Approach
Comparable
$23.36M
Blend (final)
Blend
$20.64M
Owner & transaction history
Se Va Suffolk Property Owner LLC · 5 yrs held
Se Va Suffolk Property Owner LLC
since 2021
Last sale
$20.8M
3 recorded transactions
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$33.6M
+92.1%
Retail stores
$24.5M
+39.6%
Commercial (general)
$21.3M
+21.4%
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
$22,195,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,305,000
6.5%
$15,975,000
7%
$14,835,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,515,000
Current use
AUTO REPAIR, GARAGE
$33,645,000
Change: +92% · Conversion: Easy
RETAIL STORES
$24,455,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$21,255,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$18,330,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$15,195,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$20.64M
Range $18.58M – $22.70M · ±10% · vs last sale $20.84M (Apr 14 2021)
Last sale anchor
$20.84M
Apr 14 2021
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
$158 / 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
$108,688
Tax year 2019
Assessed value
$20,693,200
Assessed 2023
Previous assessed
$20,060,300
+3.2% YoY
Effective rate
0.53%
On assessed value
Assessed land
$4,081,700
Assessed improvement
$16,611,500
Land market value
$4,081,700
Improvement market value
$16,611,500
Total market value
$20,693,200
Applied tax rate
12.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2007
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
130,510 SF
Lot
33.74 ac (1,469,540 SF)
Zoning code
M1: LIGHT INDUSTRIAL
APN
330000002389
UPID
US87-3636997
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VA
Zoning M1: LIGHT INDUSTRIAL · permitted uses
M1: LIGHT INDUSTRIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$17.5M
AUTO REPAIR, GARAGE
Est. value
$33.6M
RETAIL STORES
Est. value
$24.5M
COMMERCIAL (GENERAL)
Est. value
$21.3M
OFFICE BUILDING
Est. value
$18.3M
INDUSTRIAL (GENERAL)
Est. value
$15.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
33.74 ac
Current owner
From public records · entity-resolved
Se Va Suffolk Property Owner LLC
Entity
Mailing address
3843 W CHESTER PIKE, NEWTOWN SQUARE, PA 19073-2304
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2021
$20,838,835
Se Va Suffolk Property Owner LLC
Monroe 3516 South Military Owner Ll
Special Warranty Deed
$387,012,900 · Goldman Sachs Bank USA
Apr 7, 2016
$13,025,000
Centerpoint Properties Trust A Mary
Prologis A5 Va I LLC A Delaware Lim
Special Warranty Deed
—
Apr 1, 2008
$33,000,000
Prologis A5 Va I LLC
Prologis
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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