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Property profile & analytics
OFF-MARKET Estimated value $1,340,000
Community centers

4107 Portsmouth Blvd Ste 114a Chesapeake, VA 23321-2141

114,956 SF 12.28 ac lot Built 1991
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US87-3847763
Property summary
AI-generated overview

Chesapeake Commons offers exceptional retail opportunities in a thriving Chesapeake, Virginia location. This power center boasts 198,741 square feet and features three suites, with 4,621 square feet currently vacant. Spaces range from a minimum of 1,090 square feet to a maximum contiguous space of 2,400 square feet, providing flexibility for various retail concepts. The center enjoys a prime location just off I-664, easily accessible via the Portsmouth Boulevard interchange, ensuring high visibility and convenient customer access. Anchored by national retailers such as Best Buy, Ross, Old Navy, and Aldi, Chesapeake Commons benefits from significant existing traffic and strong brand recognition. The property sits within the Chesapeake Square submarket, directly across from the Chesapeake Square Mall, which is undergoing a major redevelopment project that will include a substantial multi-family component. This redevelopment promises to further enhance the area's appeal and drive even more foot traffic to the center. The submarket itself comprises approximately 2,162,000 square feet of retail space, reflecting a dynamic and growing retail environment. This presents a unique opportunity to establish or expand a retail business in a high-growth area with excellent accessibility and strong anchor tenants. The combination of established brands, convenient location, and ongoing area development makes Chesapeake Commons an attractive investment for discerning retailers.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1991
Total area 114,956 SF
Lot 12.28 ac (534,786 SF)
Zoning code B2: GENERAL BUSINESS
APN 151010000090
UPID US87-3847763
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
$940k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.74M
Blend (final) Blend
$1.34M
Owner & transaction history
Ches Cross Sc LLC · 6 yrs held
Ches Cross Sc LLC
since 2019
2 recorded transactions
2019
$23.1M
2017
$1.3M
Zoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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