New search
Property profile & analytics
OFF-MARKET
Estimated value
$16,695,000
Apartment buildings
4200 Reid St Chesapeake, VA 23324-2756
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0793618
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Total area
97,632 SF
Lot
11.2 ac (487,872 SF)
Zoning code
RMF1: MULTI-FAMILY RESIDE
APN
1600000001400
UPID
US87-0793618
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
-
Hunters Point Apartments Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.70M
Owner & transaction history
Standard Hunters Point I Venture LP · 4 yrs held
Standard Hunters Point I Venture LP
since 2022
Last sale
$18.2M
3 recorded transactions
Zoning & alternative use
RMF1: MULTI-FAMILY RESIDE · 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
$15,095,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,570,000
6.5%
$15,295,000
7%
$14,200,000
Blend value · Realmo final
$16.70M
Range $15.03M – $18.36M · ±10% · vs last sale $18.20M (Jan 11 2022)
Last sale anchor
$18.20M
Jan 11 2022
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
$171 / 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
$58,665
Tax year 2019
Assessed value
$10,326,200
Assessed 2023
Previous assessed
$8,401,700
+22.9% YoY
Effective rate
0.57%
On assessed value
Assessed land
$1,680,000
Assessed improvement
$8,646,200
Land market value
$1,680,000
Improvement market value
$8,646,200
Total market value
$10,326,200
Applied tax rate
31.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1970
Heating
HEAT PUMP
Stories
20
Units
1
Total area
97,632 SF
Lot
11.2 ac (487,872 SF)
Zoning code
RMF1: MULTI-FAMILY RESIDE
APN
1600000001400
UPID
US87-0793618
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
RMF1: MULTI-FAMILY RESIDE · Chesapeake, VA
Zoning RMF1: MULTI-FAMILY RESIDE · permitted uses
RMF1: MULTI-FAMILY RESIDE · 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
1970
Heating
HEAT PUMP
Stories
20
Units
1
Lot
11.2 ac
Current owner
From public records · entity-resolved
Standard Hunters Point I Venture LP
Entity
Free & Clear · 4 yrs held
Mailing address
1901 AVE OF THE STARS STE #395, LOS ANGELES, CA 90067-6058
Ownership since
2022
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
Dec 27, 2023
—
Standard Hunters Point I Venture LP
—
Deed
related
$21,350 · Keybank National Association
Jan 11, 2022
$18,200,000
Standard Hunters Point I Venture LP
Wilmund Park Apartments Lllp
Special Warranty Deed
—
Jan 11, 2022
—
Standard Hunters Point I Venture LP
—
Deed
related
$21,300,000 · Keybank 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4200 Reid St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
