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Property profile & analytics
FOR LEASE
Community centers
4107 Portsmouth Blvd Chesapeake, VA 23321
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-1016178
For Lease
1 / 58
$1,055,000
4107 Portsmouth Blvd, Chesapeake, VA 23321
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1991
Total area
118,090 SF
Lot
9.71 ac (422,750 SF)
Zoning code
B2: GENERAL BUSINESS
APN
151010000100
UPID
US87-1016178
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
-
Inland American Retail Management Real Estate Agency
-
Dr. David Dano Dental Office
-
Especially For You, LLC Medical Clinic Skin Care Clinic
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Lendmark Financial Services LLC Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.06M
Owner & transaction history
Ches Cross Sc LLC · 6 yrs held
Ches Cross Sc LLC
since 2019
3 recorded transactions
Zoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,720,000
Current use
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10%
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
$9 / 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
$101,806
Tax year 2019
Assessed value
$11,370,100
Assessed 2023
Previous assessed
$10,454,600
+8.8% YoY
Effective rate
0.90%
On assessed value
Assessed land
$3,396,800
Assessed improvement
$7,973,300
Land market value
$3,396,800
Improvement market value
$7,973,300
Total market value
$11,370,100
Applied tax rate
52.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1991
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
118,090 SF
Lot
9.71 ac (422,750 SF)
Zoning code
B2: GENERAL BUSINESS
APN
151010000100
UPID
US87-1016178
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VA
Zoning B2: GENERAL BUSINESS · permitted uses
B2: GENERAL BUSINESS · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1991
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
9.71 ac
Current owner
From public records · entity-resolved
Ches Cross Sc LLC
Entity
Mailing address
300 AVE OF CHAMPIONS STE #140, PALM BEACH GARDENS, FL 33418-3615
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2019
$23,100,000
Ches Cross Sc LLC
Ia Chesapeake Crossroads LLC
Special Warranty Deed
$18,825,000 · Branch Banking & Trust Company
Nov 21, 2017
$1,250,000
Cft Nv Developments LLC A Nevada Li
Ia Chesapeake Crossroads LLC A Dela
Special Warranty Deed
—
Mar 2, 2006
$5,265,000
M B Colpspt-chesapeake L L C
Walmart Realty Company
Special Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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