Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3112 Western Br Blvd Chesapeake, VA 23321-5514

    • Drive through restaurants
    • 3,572 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimation
    $1,035,000
    Last Sale
    Aug 10, 2021
    $1,000,000
    Location Intelligence
    Property ID
    US87-1096969
    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

    • Dunkin' / Fast Food Restaurant / Takeout Restaurant

    Property Details for 3112 Western Br Blvd

    Year built
    1970
    Lot size
    0.90 lot acres
    Property size
    3,572 SF
    Zone code
    B1: NEIGHBORHOOD BUSINESS
    Property type
    Drive through restaurants
    APN
    50000000471
    APU
    50000000471

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,065,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,050,000
      6.5%
      $905,000
      7%
      $970,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,065,000
      Geo Method
      $1,000,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $855,000
      Retail
      $785,000
      Mixed-Use
      $875,000
      Hospitality
      $990,000
      Educational
      $885,000
      Residential Income
      $765,000
      Energy
      $970,000
      Income-Based Land
      $980,000
      Food Service
      $790,000

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.4006
    Latitude
    36.8625
    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
    $11,410
    $583,100
    $622,400
    $1,205,500
    -
    $583,100
    $622,400
    $1,205,500

    Comparable in this City

    • Value Estimation by Request
      2,293 SF

      4116 Portsmouth Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,293 SF
      4116 Portsmouth Blvd, Chesapeake, VA 23321-2128
      View Details
    • Value Estimation by Request
      3,330 SF

      4024 Portsmouth Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,330 SF
      4024 Portsmouth Blvd, Chesapeake, VA 23321-2126
      View Details
    • Value Estimation by Request
      1,976 SF

      4103 Portsmouth Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,976 SF
      4103 Portsmouth Blvd, Chesapeake, VA 23321-2127
      View Details
    • Value Estimation by Request
      2,798 SF

      3313 Western Br Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,798 SF
      3313 Western Br Blvd, Chesapeake, VA 23321-5136
      View Details
    • Value Estimation by Request
      4,355 SF

      3937 Portsmouth Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,355 SF
      3937 Portsmouth Blvd, Chesapeake, VA 23321-3624
      View Details
    • Value Estimation
      $1,065,000
      2,866 SF

      4308 Portsmouth Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,866 SF
      4308 Portsmouth Blvd, Chesapeake, VA 23321-2131
      View Details

    Similar Nearby for Sale

    • $2,350,000
      11,414 SF

      Chesapeake Restaurant - $2.35M

      Prime Restaurant Space, 11,414 SF, Vacant.
      2324 Chesapeake Square Ring Rd, Chesapeake, VA 23321
      View Details
    • $2,350,000
      11,414 SF

      Retail Property Near Chesapeake Square

      Retail space adjacent to major retailers with redevelopment plans nearby.
      2324 Chesapeake Square Ring Rd, Chesapeake, VA 23321
      View Details
    • $499,000
      3,360 SF

      Unique Commercial Space For Sale

      Commercial space suitable for art gallery, studio, or boutique.
      3106 Western Branch Blvd, Chesapeake, VA 23321
      View Details
    • $79,900
      0.53 Acres

      Buildable Lot in Chesapeake, VA

      Half-acre-plus buildable lot in Chesapeake, Virginia.
      14 Truitt Rd, Chesapeake, VA 23321
      View Details
    • $170,000

      Land in Western Branch District

      Land suitable for building a dream home or tranquil retreat.
      4700 Elizabeth Harbor Dr, Chesapeake, VA 23321
      View Details
    • $250,000
      0.40 Acres

      Waterfront Lot in Chesapeake, VA

      0.4-acre waterfront lot in established Colonial Point neighborhood.
      0.4Ac Flintfield Cres, Chesapeake, VA 23321
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      185,322 SF

      Prime Chesapeake Executive Office Space

      Spacious suites, ample parking, high visibility.
      4300 Portsmouth Blvd, Chesapeake, VA 23321
      View Details
    • Contact for pricing
      2,400 SF

      Dunedin Shops: Retail Spaces Available

      Two retail suites, prime location. Ideal for startups.
      3587 Forest Haven Ln, Chesapeake, VA 23321
      View Details
    • Contact for pricing
      660 SF

      Retail Space in Chesapeake, VA

      Retail space available for lease in Chesapeake, Virginia.
      3580-3591 Forest Haven Ln, Chesapeake, VA 23321
      View Details
    • Contact for pricing
      1,540 SF

      Retail Space in Chesapeake, VA

      Retail space available near new Amazon fulfillment centers and residences.
      4200 Portsmouth Blvd, Chesapeake, VA 23321
      View Details
    • Contact for pricing
      25,000 SF

      Chesapeake Square Retail Space For Lease

      Prime Retail Space, 1,600 sq ft available.
      2125 Starmount Pkwy, Chesapeake, VA 23321
      View Details
    • Contact for pricing
      198,741 SF

      Chesapeake Commons Retail Center

      High-traffic retail space available.
      4107 Portsmouth Blvd, Chesapeake, VA 23321
      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.
    3112 Western Br Blvd
    Chesapeake, VA 23321-5514
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.