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Property profile & analytics
FOR SALE
Office buildings
3207 Churchland Blvd Chesapeake, VA 23321
Entity Owned
9-yr Hold
Free & Clear
Property ID
US87-3829455
For Sale
1 / 3
$1,300,000
3207 Churchland Blvd, Chesapeake, VA 23321
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Total area
8,032 SF
Lot
0.89 ac (38,768 SF)
Zoning code
B1: NEIGHBORHOOD BUSINESS
APN
50000000972
UPID
US87-3829455
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
-
Sunshine Property Management Property Management Company
-
Keller Williams Elite 757 Real Estate Agency
-
Jarrett Caldwell Realtor Keller Williams Elite Western Branch Real Estate Agency
-
Bonnie Byrd, Keller Williams Elite 757 Real Estate Agency
-
Lauren Huseman Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$565k
Owner & transaction history
Sinoisnvestments LLC A Virginia Lim · 9 yrs held
Sinoisnvestments LLC A Virginia Lim
since 2017
4 recorded transactions
Zoning & alternative use
B1: NEIGHBORHOOD BUSINESS · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$935,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$70 / 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
$10,199
Tax year 2019
Assessed value
$976,300
Assessed 2023
Previous assessed
$1,021,400
-4.4% YoY
Effective rate
1.04%
On assessed value
Assessed land
$319,300
Assessed improvement
$657,000
Land market value
$319,300
Improvement market value
$657,000
Total market value
$976,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2009
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
8,032 SF
Lot
0.89 ac (38,768 SF)
Zoning code
B1: NEIGHBORHOOD BUSINESS
APN
50000000972
UPID
US87-3829455
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VA
Zoning B1: NEIGHBORHOOD BUSINESS · permitted uses
B1: NEIGHBORHOOD BUSINESS · 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
INDUSTRIAL (GENERAL)
Est. value
$935,000
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
2009
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Sinoisnvestments LLC A Virginia Lim
Entity
Free & Clear · 9 yrs held
Mailing address
1128 INDEPENDENCE BLVD STE #200, VIRGINIA BEACH, VA 23455-5555
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2017
—
Sinoisnvestments LLC A Virginia Lim
Tidewater Builders LLC A Virginia L
Gift Deed
related
—
Jan 6, 2011
$811,683
Kh Hr Two Churchland LLC
Walters Properties INC
Special Warranty Deed
$792,600 · Branch Banking & Trust Co
Mar 19, 2007
$379,000
Walters Properties
The Walters Co
Warranty Deed
$150,000 · Community Bank
Feb 16, 2006
$275,000
The Walters Company
Daniel C Frohman
Warranty Deed
$140,000 · Suntrust Bank
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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