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Property profile & analytics
FOR LEASE
Super regional malls
4200 Portsmouth Blvd Chesapeake, VA 23321
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US87-1016177
For Lease
1 / 3
$2,990,000
4200 Portsmouth Blvd, Chesapeake, VA 23321
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1989
Total area
628,653 SF
Lot
20.05 ac (873,509 SF)
Zoning code
B4: SHOPPING CENTER
APN
106009000010
UPID
US87-1016177
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
-
Burlington Home Goods Store Jewelry Store
-
Woody's Raw Bar & Grill Bar & Pub Restaurant
-
KAY Jewelers (Bike/Boat/Book/etc) Store
-
Chinese Gourmet Express Restaurant
-
Nori Japan Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.99M
Owner & transaction history
Kh Western Branch LLC A Virginia Li · 8 yrs held
Kh Western Branch LLC A Virginia Li
since 2018
2 recorded transactions
Zoning & alternative use
B4: SHOPPING CENTER · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$5 / 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
$52,640
Tax year 2019
Assessed value
$5,013,300
Assessed 2023
Previous assessed
$5,013,300
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$5,013,300
Land market value
$5,013,300
Total market value
$5,013,300
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1989
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
628,653 SF
Lot
20.05 ac (873,509 SF)
Zoning code
B4: SHOPPING CENTER
APN
106009000010
UPID
US87-1016177
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
B4: SHOPPING CENTER · Chesapeake, VA
Zoning B4: SHOPPING CENTER · permitted uses
B4: SHOPPING CENTER · 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.
Building & site characteristics
From public records
Year built
1989
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
20.05 ac
Current owner
From public records · entity-resolved
Kh Western Branch LLC A Virginia Li
Entity
Mailing address
1128 INDEPENDENCE BLVD STE #200, VIRGINIA BEACH, VA 23455-5555
Ownership since
2018
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
Feb 13, 2018
$12,900,000
Kh Western Branch LLC A Virginia Li
Jpmcc 2004-ln2 Chesapeake Square Ma
Special Warranty Deed
$10,220,000 · Pinnacle Bank
Apr 28, 2016
$50,000
Jpmcc 2004 Ln2 Chesapeake Square Ma
Samuel I White PC A Professional Co
Trustees Deed
related
—
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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