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Property profile & analytics
OFF-MARKET
Estimated value
$5,725,000
Warehouses
3601 Koppens Way Chesapeake, VA 23323-2531
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-1326386
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
24,537 SF
Lot
7.41 ac (322,954 SF)
Zoning code
M1: LIGHT INDUSTRIAL
APN
240000000860
UPID
US87-1326386
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
-
H&E Equipment Services (Crane) Building Supply Industrial Manufacturer
-
MGX Equipment Services, LLC Industrial Manufacturer Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.68M
Blend (final)
Blend
$5.73M
Owner & transaction history
3601 Koppens LLC · 4 yrs held
3601 Koppens LLC
since 2022
Last sale
$6.8M
4 recorded transactions
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.0M
+174.5%
Auto repair, garage
$6.3M
+92.1%
Retail stores
$4.6M
+39.6%
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
$5,600,000
ML approach
$5,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,040,000
Change: +175% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,325,000
Change: +92% · Conversion: Easy
RETAIL STORES
$4,595,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,995,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$3,445,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$5.73M
Range $5.15M – $6.30M · ±10% · vs last sale $6.75M (Jun 7 2022)
Last sale anchor
$6.75M
Jun 7 2022
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
$233 / 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
$22,558
Tax year 2019
Assessed value
$3,259,100
Assessed 2023
Previous assessed
$2,304,900
+41.4% YoY
Effective rate
0.69%
On assessed value
Assessed land
$1,132,100
Assessed improvement
$2,127,000
Land market value
$1,132,100
Improvement market value
$2,127,000
Total market value
$3,259,100
Applied tax rate
12.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Heating
HEAT PUMP
Stories
1
Units
1
Total area
24,537 SF
Lot
7.41 ac (322,954 SF)
Zoning code
M1: LIGHT INDUSTRIAL
APN
240000000860
UPID
US87-1326386
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VA
Zoning M1: LIGHT INDUSTRIAL · permitted uses
M1: LIGHT INDUSTRIAL · 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
RESTAURANT
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$6.3M
RETAIL STORES
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.4M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1979
Heating
HEAT PUMP
Stories
1
Units
1
Lot
7.41 ac
Current owner
From public records · entity-resolved
3601 Koppens LLC
Entity
Mailing address
4 STAR PT #204, STAMFORD, CT 06902-8927
Ownership since
2022
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
Aug 25, 2022
—
3601 Koppens LLC
—
Deed
related
$7,677,900 · Axos Bank
Jun 7, 2022
$6,750,000
3601 Koppens LLC
Koppens Way LLC
Special Warranty Deed
—
Nov 30, 2020
—
Koppens Way LLC
—
Deed
related
$3,978,428 · Farmers Bank
Mar 11, 2009
$1,200,000
Koppens Way LLC
Lockheed Martin Corp
Warranty Deed
$2,200,000 · Bank Of Hampton Roads
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.
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