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Property profile & analytics
OFF-MARKET
Estimated value
$40,750,000
Apartment buildings
500 Blue Bell St 100 Chesapeake, VA 23323-1426
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-2305984
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2014
Total area
43,800 SF
Lot
2.5 ac (109,074 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
440000000310
UPID
US87-2305984
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
$40.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$33.43M
Blend (final)
Blend
$40.75M
Owner & transaction history
Conserve Cottage Trails Property I
Conserve Cottage Trails Property I
since 2025
Last sale
$40.8M
4 recorded transactions
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · 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
$40,750,000
ML approach
$40,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$40.75M
Range $36.68M – $44.83M · ±10% · vs last sale $40.75M (Jan 11 2024)
Last sale anchor
$40.75M
Jan 11 2024
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
$930 / 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
$76,565
Tax year 2019
Assessed value
$10,274,700
Assessed 2024
Previous assessed
$10,274,700
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$876,400
Assessed improvement
$9,398,300
Land market value
$876,400
Improvement market value
$9,398,300
Total market value
$10,274,700
Applied tax rate
12.0000
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
2014
Heating
HEAT PUMP
Stories
30
Units
1
Total area
43,800 SF
Lot
2.5 ac (109,074 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
440000000310
UPID
US87-2305984
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Zoning PUD: PLANNED UNIT DEVELOP · permitted uses
PUD: PLANNED UNIT DEVELOP · 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
2014
Heating
HEAT PUMP
Stories
30
Units
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
Conserve Cottage Trails Property I
Entity
Free & Clear · 0 yrs held
Mailing address
1227 E 27TH ST, BROOKLYN, NY 11210-4622
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2025
—
Conserve Cottage Trails Property I
Conserve Cottage Trails LLC
Deed
related
—
Jan 11, 2024
$40,750,000
Conserve Cottage Trails LLC
Star III Cottage Trails LLC
Special Warranty Deed
$28,700,000 · First American Tr Services Of Virgi
Jun 1, 2018
$7,542,550
Star III Cottage Trails LLC A Delaw
Culpepper Landing Apartments Phase
Special Warranty Deed
$21,545,000 · Berkeley Point Capital LLC
Nov 22, 2013
$1,056,000
Culpepper Landing Apartments
Culpepper Landing Lc
Special Warranty Deed
related
$460,000 · Branch Banking And Trust Co
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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