500 Freeman Ave Chesapeake, VA 23324
Property profile & analytics
500 Freeman Ave, Chesapeake, VA 23324
- Warehouses
- 36,542 SF
- 26.83 lot acres
Property ID
US87-1112934
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Allied Research Technology, Inc. / Corporate Office
- Crawlspace Medic of Chesapeake / Hardware & Home Improvement / Construction Company
- Advanced Energy Solutions LLC / Production Facility
Property Details for 500 Freeman Ave
- Year built
- 2009
- Lot size
- 26.83 lot acres
- Zone code
- M2: GENERAL INDUSTRIAL
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 1580000000070
- APU
- 1580000000070
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,650,000
- 6.5%
- $5,215,000
- 7%
- $4,840,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,894,000
- AI Estimate
- $3,154,000
Market price range: $3.33M - $6.89MMarket price range: $775k - $3.15M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $4,905,000 Current use
- RETAIL STORES
- $6,845,000 Change: +40% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $5,950,000 Change: +21% Conversion: Difficult
- OFFICE BUILDING
- $5,135,000 Change: +5% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $4,255,000 Change: -13% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chesapeake
- County
- Chesapeake City
- State
- Virginia
- Longitude
- -76.2888
- Latitude
- 36.7847
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$41,820
$1,566,800
$4,947,200
$6,514,000
-
$1,566,800
$4,947,200
$6,514,000
