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Property profile & analytics
OFF-MARKET
Estimated value
$12,355,000
Warehouses
4601 Sta House Rd Chesapeake, VA 23321-2511
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-2025984
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Total area
76,332 SF
Lot
2.9 ac (126,324 SF)
Zoning code
M1: LIGHT INDUSTRIAL
APN
90000001112
UPID
US87-2025984
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
-
Five Star Painting of Chesapeake Painting Service General Contractor
-
Life's At Home Care LLC Home Health Care Service Home Help
-
Store Here Self Storage Storage Facility
-
S&M Caring Hands LLC Home Health Care Service
-
Anointed Hands Home Health, LLC Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.84M
CAP Approach
CAP
$10.89M
Comparable Approach
Comparable
$10.02M
Blend (final)
Blend
$12.36M
Owner & transaction history
Extra Space Storage Properties Two · 4 yrs held
Extra Space Storage Properties Two
since 2021
Last sale
$13.5M
5 recorded transactions
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$19.7M
+92.1%
Retail stores
$14.3M
+39.6%
Commercial (general)
$12.4M
+21.4%
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
$14,380,000
ML approach
$11,840,000
CAP Approach
CAP Return
Estimation
6%
$11,800,000
6.5%
$10,890,000
7%
$10,110,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,245,000
Current use
AUTO REPAIR, GARAGE
$19,680,000
Change: +92% · Conversion: Easy
RETAIL STORES
$14,300,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$12,430,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$10,720,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,890,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$12.36M
Range $11.12M – $13.59M · ±10% · vs last sale $13.50M (Dec 28 2021)
Last sale anchor
$13.50M
Dec 28 2021
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
$162 / 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
$44,455
Tax year 2019
Assessed value
$7,869,300
Assessed 2023
Previous assessed
$7,513,900
+4.7% YoY
Effective rate
0.56%
On assessed value
Assessed land
$735,000
Assessed improvement
$7,134,300
Land market value
$735,000
Improvement market value
$7,134,300
Total market value
$7,869,300
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
76,332 SF
Lot
2.9 ac (126,324 SF)
Zoning code
M1: LIGHT INDUSTRIAL
APN
90000001112
UPID
US87-2025984
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VA
Zoning M1: LIGHT INDUSTRIAL · permitted uses
M1: LIGHT INDUSTRIAL · 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
WAREHOUSE, STORAGE Current
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$19.7M
RETAIL STORES
Est. value
$14.3M
COMMERCIAL (GENERAL)
Est. value
$12.4M
OFFICE BUILDING
Est. value
$10.7M
INDUSTRIAL (GENERAL)
Est. value
$8.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2017
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
2.9 ac
Current owner
From public records · entity-resolved
Extra Space Storage Properties Two
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
$13,500,000
Extra Space Storage Properties Two
Store Here Chesapeake LLC
Special Warranty Deed
—
Nov 13, 2019
—
Taylor Road Storage Bb LLC
Taylor Road Storage LLC
Special Warranty Deed
—
Nov 13, 2019
$5,600,000
Store Here Chesapeake LLC
Taylor Road Storage Bb LLC
Special Warranty Deed
$4,225,000 · Hunt Finance Company LLC
Dec 7, 2016
$445,000
Taylor Road Storage LLC A Virginia
William H Kline JR
Warranty Deed
$4,600,000 · Xenith Bank
Dec 7, 2016
—
William H Kline JR
The Commonwealth Of Virginia
Gift 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.
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