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    Property profile & analytics

    3409 Chesapeake Blvd Norfolk, VA 23513

    • Retail space
    • 2,250 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 07, 2022
    Location Intelligence
    Property ID
    US87-3387179
    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

    • Retail space

    Property Details for 3409 Chesapeake Blvd

    Year built
    1940
    Lot size
    0.13 lot acres
    Property size
    2,250 SF
    Zone code
    C-1
    Property type
    Retail space
    APN
    25259400
    APU
    25259400

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2496
    Latitude
    36.8791
    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
    2024
    $2,043
    $43,100
    $120,300
    $163,400
    -
    $43,100
    $120,300
    $163,400

    Comparable in this City

    • Value Estimation by Request
      1,128 SF

      3415 Chesapeake Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,128 SF
      3415 Chesapeake Blvd, Norfolk, VA 23513-4040
      View Details
    • Value Estimation
      $935,000
      4,025 SF

      6224 Sewells Pt Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,025 SF
      6224 Sewells Pt Rd, Norfolk, VA 23513-3225
      View Details
    • Value Estimation
      $295,000
      2,640 SF

      3347 Chesapeake Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,640 SF
      3347 Chesapeake Blvd, Norfolk, VA 23513-4038
      View Details
    • Value Estimation
      $475,000
      9,820 SF

      7625 Sewells Pt Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,820 SF
      7625 Sewells Pt Rd, Norfolk, VA 23513-4617
      View Details
    • Value Estimation
      $400,000
      5,922 SF

      5536 Iowa Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,922 SF
      5536 Iowa Ave, Norfolk, VA 23513-1618
      View Details
    • Value Estimation
      $420,000
      2,464 SF

      3455 Azalea Gdn Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,464 SF
      3455 Azalea Gdn Rd, Norfolk, VA 23513-4901
      View Details

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      View Details
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    3409 Chesapeake Blvd
    Norfolk, VA 23513
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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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