Property profile

400 Freeman Ave Chesapeake, VA 23324

OFF-MARKET
Office buildings
Property ID
US87-0685279
9,279 SF 1.27 ac lot Built 1962
Entity Owned Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1962
Total area 9,279 SF
Lot 1.27 ac (55,408 SF)
Zoning code M2: GENERAL INDUSTRIAL
APN 1570000000890
UPID US87-0685279

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gas Station

Location

400 Freeman Ave Chesapeake, VA 23324-1026
Chesapeake metro Census 20500 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
Last sale
$2.1M
1 recorded transaction
2025
$2.1M

Zoning & alternative use

M2: GENERAL INDUSTRIAL · Chesapeake, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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