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Property profile & analytics
FOR SALE
Strip malls
3116 Western Branch Blvd Chesapeake, VA 23321
Entity Owned
17-yr Hold
Free & Clear
Property ID
US87-3635693
For Sale
1 / 14
$1,500,000
3116 Western Branch Blvd, Chesapeake, VA 23321
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1968
Total area
101,374 SF
Lot
11.91 ac (518,974 SF)
Zoning code
B4: SHOPPING CENTER
APN
50000001130
UPID
US87-3635693
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
-
Zero's Subs Take-out & Catering
-
Poplar Hill Plaza Shopping Center & Mall
-
J's Beauty Outlet (Bike/Boat/Book/etc) Store Cosmetic Store
-
Quick Appliance Repair Chesapeake Home Appliance Store
-
Best Appliance Repair Chesapeake Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$905k
Owner & transaction history
Esw Poplar Hill Associates LLC · 17 yrs held
Esw Poplar Hill Associates LLC
since 2008
3 recorded transactions
Zoning & alternative use
B4: SHOPPING CENTER · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,475,000
Current use
Blend value · Realmo final
$905k
Range $815k – $996k · ±10%
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
$9 / 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
$76,537
Tax year 2019
Assessed value
$8,365,600
Assessed 2023
Previous assessed
$8,177,000
+2.3% YoY
Effective rate
0.91%
On assessed value
Assessed land
$3,314,900
Assessed improvement
$5,050,700
Land market value
$3,314,900
Improvement market value
$5,050,700
Total market value
$8,365,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1968
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
101,374 SF
Lot
11.91 ac (518,974 SF)
Zoning code
B4: SHOPPING CENTER
APN
50000001130
UPID
US87-3635693
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
B4: SHOPPING CENTER · Chesapeake, VA
Zoning B4: SHOPPING CENTER · permitted uses
B4: SHOPPING CENTER · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1968
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
11.91 ac
Current owner
From public records · entity-resolved
Esw Poplar Hill Associates LLC
Entity
Free & Clear · 17 yrs held
Mailing address
999 WATERSIDE DR STE #1400, NORFOLK, VA 23510-3330
Ownership since
2008
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
Dec 5, 2017
—
Esw Lpoplar Hill Associates LLC
—
Deed
related
$2,800,000 · Townebank
Dec 30, 2008
$4,650,000
Esw Poplar Hill Associates LLC
Churchland Associates L P
Other
—
Dec 21, 2007
$2,800,000
Pilot Life Ins Co
The Lincoln Natl Life
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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