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Financial
Distress signals
Property profile

3480 Military Hwy Chesapeake, VA 23323

OFF-MARKET
Auto shops
Property ID
US87-3940116
1,200 SF 2.46 ac lot Built 1955
Last sale Jan 2025 · $2,444,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Exceptional investment opportunity: a brand-new, 1,674 square foot auto shop in Chesapeake, VA, boasting a 14.2-year remaining lease term with a prominent national tenant, Strickland Brothers 10-Minute Oil Change. This absolute NNN lease, commencing October 26, 2023, and expiring January 31, 2039, offers a secure, passive income stream with minimal landlord responsibilities. The property features a 6.25% cap rate and a $155,000 annual net operating income (NOI). Rent increases of 10% are…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$1.23M
Assessed land$695k
Assessed improvement$535k

Value estimate

· Oct 2026
$455k
$410k – $501k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$258/SF
Submarket average, outlier-cleaned · 58 recorded sales of this use type
Observed band · Q1–Q3$97 – $420

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B2: GENERAL BUSINESS
JurisdictionCHESAPEAKE CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency29.4
Dental Office25.1
Law Firm22.2

Location

3480 Military Hwy Chesapeake, VA 23323-2306
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2954 Military, Chesapeake, VA 23323-5809 $245,000 Mar 2025 5,870 SF
2922 Military, Chesapeake, VA 23323-5822 $1,500,000 May 2023 3,019 SF
2046 Broadmoor, Chesapeake, VA 23323-5924 $375,000 Sep 2022 1,160 SF
2909 Military, Chesapeake, VA 23323-5804 $450,000 Apr 2022 1,680 SF
1753 Ww, Chesapeake, VA 23323-6430 $300,000 Dec 2019 4,080 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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