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Property profile & analytics
OFF-MARKET Estimated value $600,000
Retail space

388 Battlefield S Blvd Chesapeake, VA 23322-5321

2,400 SF 0.54 ac lot Built 1938
Entity Owned 1-yr Hold Free & Clear
Property ID
US87-1217277
Property summary
AI-generated overview

This exceptional 600-square-foot retail space is ideally situated at 388 S. Battlefield Blvd in Chesapeake, Virginia, within the vibrant Great Bridge area. The property boasts a single-tenant occupancy, offering a blank canvas for a variety of retail businesses. Its prime location offers excellent visibility and accessibility, positioned near the intersection of Johnstown Road and S. Battlefield Blvd. The building's total square footage is 600 square feet, currently entirely vacant and ready for immediate occupancy. This presents a unique opportunity for businesses seeking a well-located, easily adaptable space. The surrounding area demonstrates strong demographics and significant daytime employment, further enhancing the property's appeal. The proximity to key civic institutions, including the Chesapeake Municipal Center, Court System, and Law Enforcement Headquarters, ensures a consistent flow of potential customers. Located in Norfolk County, zip code 23322, this property offers a strategic location for businesses seeking to establish a presence in a thriving community. The property is classified as Commercial Street Retail. This is a single-tenant property, providing a unique opportunity for a business to establish its presence in a high-traffic area. The property is ready for immediate occupancy.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1938
Total area 2,400 SF
Lot 0.54 ac (23,697 SF)
Zoning code B1: NEIGHBORHOOD BUSINESS
APN 481009000230
UPID US87-1217277
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
  • RoJo Coffee Co. Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
by Request
Comparable Approach Comparable
$393k
Blend (final) Blend
$600k
Owner & transaction history
Hyemalis LLC · 1 yrs held
Hyemalis LLC
since 2024
Last sale
$600,000
2 recorded transactions
2024
$600,000
2020
Price N/A
Zoning & alternative use
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $620,000 +37.6%
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