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Property profile & analytics
OFF-MARKET
Estimated value
$14,945,000
Distribution centers
401 Woodlake Dr 100 Chesapeake, VA 23320-8903
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-0865069
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1982
Total area
142,600 SF
Lot
8.3 ac (361,374 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
270000000855
UPID
US87-0865069
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
-
Baystate Pool Supplies - Chesapeake VA Big Box & Wholesale Store
-
StructureSmith LLC Structural Engineer
-
BAE Systems Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.46M
Comparable Approach
Comparable
$13.33M
Blend (final)
Blend
$14.95M
Owner & transaction history
Chesapeake Woodlake Dr LLC · 1 yrs held
Chesapeake Woodlake Dr LLC
since 2024
Last sale
$14.5M
2 recorded transactions
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$23.9M
+19.7%
Office building
$20.1M
+0.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,910,000
6.5%
$17,455,000
7%
$16,210,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$19,935,000
Current use
COMMERCIAL (GENERAL)
$23,855,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$20,090,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$16,605,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$14.95M
Range $13.45M – $16.44M · ±10% · vs last sale $14.50M (May 28 2024)
Last sale anchor
$14.50M
May 28 2024
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
$105 / 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
$67,677
Tax year 2019
Assessed value
$8,687,400
Assessed 2023
Previous assessed
$8,363,100
+3.9% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,461,700
Assessed improvement
$7,225,700
Land market value
$1,461,700
Improvement market value
$7,225,700
Total market value
$8,687,400
Applied tax rate
43.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1982
Heating
HEAT PUMP
Stories
1
Units
1
Total area
142,600 SF
Lot
8.3 ac (361,374 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
270000000855
UPID
US87-0865069
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Zoning PUD: PLANNED UNIT DEVELOP · permitted uses
PUD: PLANNED UNIT DEVELOP · 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
WAREHOUSE, STORAGE Current
Est. value
$19.9M
COMMERCIAL (GENERAL)
Est. value
$23.9M
OFFICE BUILDING
Est. value
$20.1M
INDUSTRIAL (GENERAL)
Est. value
$16.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1982
Heating
HEAT PUMP
Stories
1
Units
1
Lot
8.3 ac
Current owner
From public records · entity-resolved
Chesapeake Woodlake Dr LLC
Entity
Mailing address
2601 DELMAR PL #201, FORT LAUDERDALE, FL 33301-1577
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
$14,500,000
Chesapeake Woodlake Dr LLC
Drew Rosen Family II LLC
Special Warranty Deed
$10,925,000 · Emerald Creek Capital 3 LLC
Feb 7, 2023
—
Drew Rosen Family II LLC
Drew Rosen Family LLC
Special Warranty Deed
$3,200,000 · Td Bank NA
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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