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Property profile & analytics
OFF-MARKET
Estimated value
$10,020,000
Warehouses
3101 Bromay St Chesapeake, VA 23321-1568
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-0149640
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Total area
81,390 SF
Lot
6.55 ac (285,231 SF)
Zoning code
M1: LIGHT INDUSTRIAL
APN
90000000900
UPID
US87-0149640
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.49M
CAP Approach
CAP
$11.61M
Comparable Approach
Comparable
$8.55M
Blend (final)
Blend
$10.02M
Owner & transaction history
Ps Lpt Properties Investors · 3 yrs held
Ps Lpt Properties Investors
since 2023
Last sale
$10.3M
2 recorded transactions
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$15.3M
+39.6%
Commercial (general)
$13.3M
+21.4%
Office building
$11.4M
+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
$9,990,000
ML approach
$9,485,000
CAP Approach
CAP Return
Estimation
6%
$12,580,000
6.5%
$11,610,000
7%
$10,785,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,925,000
Current use
RETAIL STORES
$15,250,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,255,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$11,430,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,475,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$10.02M
Range $9.02M – $11.02M · ±10% · vs last sale $10.30M (Apr 28 2023)
Last sale anchor
$10.30M
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
$123 / 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
$43,761
Tax year 2019
Assessed value
$6,714,100
Assessed 2023
Previous assessed
$6,160,600
+9.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$654,800
Assessed improvement
$6,059,300
Land market value
$654,800
Improvement market value
$6,059,300
Total market value
$6,714,100
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
HEAT PUMP
Stories
1
Units
1
Total area
81,390 SF
Lot
6.55 ac (285,231 SF)
Zoning code
M1: LIGHT INDUSTRIAL
APN
90000000900
UPID
US87-0149640
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.9M
RETAIL STORES
Est. value
$15.3M
COMMERCIAL (GENERAL)
Est. value
$13.3M
OFFICE BUILDING
Est. value
$11.4M
INDUSTRIAL (GENERAL)
Est. value
$9.5M
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
2003
Heating
HEAT PUMP
Stories
1
Units
1
Lot
6.55 ac
Current owner
From public records · entity-resolved
Ps Lpt Properties Investors
Entity
Free & Clear · 3 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
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
$10,300,000
Ps Lpt Properties Investors
Harbour View Self Storage LLC
Special Warranty Deed
—
Jan 26, 2017
—
Harbour View Self Storage LLC
—
Deed
related
$2,350,000 · Townebank
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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