Add Listing
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

    3052 Yadkin Rd Chesapeake, VA 23323-2206

    • Warehouses
    • 2,090 SF
    • 3.63 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0805919
    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

    • McElroy Metal Service Center - Chesapeake, VA / Building Supply / Industrial Manufacturer

    Property Details for 3052 Yadkin Rd

    Year built
    1968
    Lot size
    3.63 lot acres
    Property size
    2,090 SF
    Zone code
    M1: LIGHT INDUSTRIAL
    Property type
    Warehouses
    APN
    330000002680
    APU
    330000002680

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.3579
    Latitude
    36.7653
    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
    $9,018
    $725,000
    $437,100
    $1,162,100
    -
    $725,000
    $437,100
    $1,162,100

    Comparable in this City

    • Value Estimation
      $3,880,000
      44,500 SF

      1520 Shipyard Rd

      MINI-WAREHOUSE, STORAGE • 44,500 SF
      1520 Shipyard Rd, Chesapeake, VA 23323
      View Details
    • Value Estimation by Request
      1,800 SF

      3032 Old Ml Rd

      WAREHOUSE, STORAGE • 1,800 SF
      3032 Old Ml Rd, Chesapeake, VA 23323
      View Details
    • Value Estimation
      $2,035,000
      31,180 SF

      1111 International Plz

      WAREHOUSE, STORAGE • 31,180 SF
      1111 International Plz, Chesapeake, VA 23323-1530
      View Details
    • Value Estimation
      $2,450,000
      25,611 SF

      1209 International Plz

      WAREHOUSE, STORAGE • 25,611 SF
      1209 International Plz, Chesapeake, VA 23323-1535
      View Details
    • Value Estimation
      $1,125,000
      8.30 Acres

      961 Michael Dr

      WAREHOUSE, STORAGE • 8.30 Acres
      961 Michael Dr, Chesapeake, VA 23323-5910
      View Details
    • Value Estimation
      $615,000
      7,325 SF

      3807 Cook Blvd

      WAREHOUSE, STORAGE • 7,325 SF
      3807 Cook Blvd, Chesapeake, VA 23323-1605
      View Details

    Similar Nearby for Sale

    • $5,495,000

      Industrial Warehouse/Manufacturing Asset Opportunity

      20,750 SF industrial building in Chesapeake, VA for sale.
      1033 Cavalier Blvd, Chesapeake, VA 23323
      View Details
    • Contact for pricing

      Land Adjacent to 7-Eleven

      Land with high visibility and access near George Washington Highway.
      136 George Washington Hwy N, Chesapeake, VA 23323
      View Details
    • $160,000
      0.56 Acres

      Commercial Land on Dismal Swamp

      Commercial building lot on navigable Dismal Swamp Canal.
      Par B George Washington Hwy S, Chesapeake, VA 23323
      View Details
    • $113,000
      0.36 Acres

      Chesapeake, VA Commercial Land

      0.36-acre lot, prime commercial opportunity.
      908 Willis St, Chesapeake, VA 23323
      View Details
    • $1,700,000
      12.00 Acres

      12 Acres Wooded Chesapeake Land

      12 acres of wooded land in Chesapeake, Virginia.
      I-64 Expy Way Rd, Chesapeake, VA 23323
      View Details
    • $982,800
      12.29 Acres

      Residential Lot in Chesapeake, VA

      Residential lot perfect for building a home with privacy.
      1928 Moses Grandy Trl, Chesapeake, VA 23323
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,273 SF

      Industrial Warehouse with Outside Storage

      Centrally located warehouse with cross-dock and outside storage available.
      1305 Cavalier Blvd, Chesapeake, VA 23323
      View Details
    • Contact for pricing
      1 SF

      Chesapeake Warehouse For Lease

      1 Acre Industrial Warehouse, VA
      3800 Cook Blvd, Chesapeake, VA 23323
      View Details
    • $9 SF/Yr
      66,755 SF

      Prime Chesapeake Warehouse Space

      Class A warehouse, multiple suites available, Southside location.
      1400 Cavalier Blvd, Chesapeake, VA 23323
      View Details
    • $1,800 /Mo
      1,500 SF

      Industrial Unit with Office Space

      Flex space with offices and bay area, easy highway access.
      3936 Holland Blvd, Chesapeake, VA 23323
      View Details
    • Contact for pricing
      8,214 SF

      Chesapeake Warehouse Space Available

      Warehouse space for rent featuring dock loading and radiant heating.
      3804 Cook Blvd, Chesapeake, VA 23323
      View Details
    • Contact for pricing

      Available Commercial Outparcels For Rent

      Two outparcels available for rent near Food Lion.
      2708 Yadkin Rd, Chesapeake, VA 23323
      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.
    3052 Yadkin Rd
    Chesapeake, VA 23323-2206
    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.
    Sign Up Successful!
    You now have access to more from Realmo!