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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Warehouses
3032 Gum Ct Chesapeake, VA 23321-1546
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-1144696
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
5,000 SF
Lot
1.26 ac (55,060 SF)
Zoning code
R6: RESIDENTIAL
APN
90000000910
UPID
US87-1144696
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
-
Copeland Trucking Co Inc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$700k
Owner & transaction history
Lindsays Leasing LLC · 3 yrs held
Lindsays Leasing LLC
since 2023
Last sale
$750,000
2 recorded transactions
Zoning & alternative use
R6: RESIDENTIAL · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$935,000
+39.6%
Commercial (general)
$815,000
+21.4%
Office building
$700,000
+4.7%
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
$725,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$610,000
7%
$570,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$670,000
Current use
RETAIL STORES
$935,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$815,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$700,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$580,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $750k (Apr 28 2023)
Last sale anchor
$750k
Apr 28 2023
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
$140 / 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
$4,557
Tax year 2019
Assessed value
$525,200
Assessed 2023
Previous assessed
$485,100
+8.3% YoY
Effective rate
0.87%
On assessed value
Assessed land
$189,600
Assessed improvement
$335,600
Land market value
$189,600
Improvement market value
$335,600
Total market value
$525,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
SPACE
Stories
1
Units
1
Total area
5,000 SF
Lot
1.26 ac (55,060 SF)
Zoning code
R6: RESIDENTIAL
APN
90000000910
UPID
US87-1144696
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
R6: RESIDENTIAL · Chesapeake, VA
Zoning R6: RESIDENTIAL · permitted uses
R6: RESIDENTIAL · 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
$670,000
RETAIL STORES
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$815,000
OFFICE BUILDING
Est. value
$700,000
INDUSTRIAL (GENERAL)
Est. value
$580,000
WAREHOUSE, STORAGE Current
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
SPACE
Stories
1
Units
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Lindsays Leasing LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3011 MIARS GRN, CHESAPEAKE, VA 23321-4268
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
$750,000
Lindsays Leasing LLC
Terminal Network Solution II LLC
Warranty Deed
—
Nov 13, 2017
$460,000
Terminal Network Solution II LLC
Dorothy M Copeland
Warranty Deed
$210,000 · Party III
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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