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    Property profile & analytics

    3132 Lynnhurst Blvd Chesapeake, VA 23321-4444

    • Office buildings
    • 5,684 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimation
    $1,450,000
    Last Sale
    Mar 31, 2022
    $1,625,000
    Location Intelligence
    Property ID
    US87-1021171
    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

    • Office buildings

    Property Details for 3132 Lynnhurst Blvd

    Year built
    2004
    Lot size
    2.50 lot acres
    Property size
    5,684 SF
    Zone code
    B1: NEIGHBORHOOD BUSINESS
    Property type
    Office buildings
    APN
    90000001310
    APU
    90000001310

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,560,000
      6.5%
      $1,795,000
      7%
      $1,470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,715,000
      Geo Method
      $1,615,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,770,000
      Retail
      $1,490,000
      Mixed-Use
      $1,720,000
      Hospitality
      $1,875,000
      Educational
      $1,875,000
      Residential Income
      $1,815,000
      Energy
      $1,500,000
      Income-Based Land
      $1,445,000
      Food Service
      $1,440,000

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.4276
    Latitude
    36.8499
    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
    $12,299
    $624,000
    $1,001,900
    $1,625,900
    -
    $624,000
    $1,001,900
    $1,625,900

    Comparable in this City

    • Value Estimation
      $380,000
      8,922 SF

      4020 Portsmouth Blvd

      OFFICE BUILDING • 8,922 SF
      4020 Portsmouth Blvd, Chesapeake, VA 23321-2126
      View Details
    • Value Estimation by Request
      15,731 SF

      4225 Portsmouth Blvd

      OFFICE BUILDING • 15,731 SF
      4225 Portsmouth Blvd, Chesapeake, VA 23321-2154
      View Details
    • Value Estimation by Request
      300 SF

      1008 Enterprise Cir

      OFFICE BUILDING • 300 SF
      1008 Enterprise Cir, Chesapeake, VA 23321-2925
      View Details
    • Value Estimation
      $670,000
      3,915 SF

      3217 Western Br Blvd E E Ste

      OFFICE BUILDING • 3,915 SF
      3217 Western Br Blvd E E Ste, Chesapeake, VA 23321-5235
      View Details
    • Value Estimation
      $260,000
      2,198 SF

      102 American Legion Rd

      OFFICE BUILDING • 2,198 SF
      102 American Legion Rd, Chesapeake, VA 23321-5602
      View Details
    • Value Estimation by Request
      29,815 SF

      4016 Raintree Rd Ste 300b

      OFFICE BUILDING • 29,815 SF
      4016 Raintree Rd Ste 300b, Chesapeake, VA 23321-3700
      View Details

    Similar Nearby for Sale

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      7,741 SF

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      Office building with ample parking, near Route 164.
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    • New
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      Land suitable for building a dream home or tranquil retreat.
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    • $2,350,000
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      Prime Restaurant Space, 11,414 SF, Vacant.
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    • $2,350,000
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      Retail space adjacent to major retailers with redevelopment plans nearby.
      2324 Chesapeake Square Ring Rd, Chesapeake, VA 23321
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    Similar Nearby for Lease

    • $17 SF/Yr
      2,608 SF

      Chesapeake Office Space For Rent

      Office space available for lease in Chesapeake, Virginia.
      4057 Taylor Rd, Chesapeake, VA 23321
      View Details
    • Contact for pricing
      1,689 SF

      Office Space in Western Branch

      Two-building office space in a fast-growing, affluent area.
      4012 Raintree Rd, Chesapeake, VA 23321
      View Details
    • New
      $900 /Mo
      871 SF

      Chesapeake Office Suite For Lease

      Versatile office suite in Chesapeake, ideal for small businesses.
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      View Details
    • 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
      2,314 SF

      Office Space in Western Branch

      Office space available in a fast-growing, affluent area.
      4016 Raintree Rd, Chesapeake, VA 23321
      View Details
    • New
      $900 /Mo
      436 SF

      Chesapeake Office Suite For Lease

      Functional office suite in a convenient Chesapeake location, move-in ready.
      3808 Poplar Hl Rd Unit, Chesapeake, VA 23321
      View Details
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    Chesapeake, VA 23321-4444
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    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
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