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Property profile & analytics
FOR LEASE
Outlet malls
4300 Portsmouth Blvd Chesapeake, VA 23321
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-0606785
For Lease
1 / 6
$6,410,000
4300 Portsmouth Blvd, Chesapeake, VA 23321
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1989
Total area
86,279 SF
Lot
7.9 ac (344,255 SF)
Zoning code
B4: SHOPPING CENTER
APN
106009000070
UPID
US87-0606785
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.41M
Owner & transaction history
KM CHESAPEAKE VIRGINIA LP
KM CHESAPEAKE VIRGINIA LP
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
$74 / 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
$74,053
Tax year 2019
Assessed value
$8,077,300
Assessed 2023
Previous assessed
$7,635,000
+5.8% YoY
Effective rate
0.92%
On assessed value
Assessed land
$2,766,100
Assessed improvement
$5,311,200
Land market value
$2,766,100
Improvement market value
$5,311,200
Total market value
$8,077,300
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1989
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
86,279 SF
Lot
7.9 ac (344,255 SF)
Zoning code
B4: SHOPPING CENTER
APN
106009000070
UPID
US87-0606785
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
Units
1
Lot
7.9 ac
Current owner
From public records · entity-resolved
KM CHESAPEAKE VIRGINIA LP
Entity
Free & Clear · 0 yrs held
Mailing address
9131 QUEENS BLVD STE #512, ELMHURST, NY 11373-5542
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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