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    Property profile & analytics

    505 Barnes Rd Chesapeake, VA 23324-1303

    • Office buildings
    • 6,650 SF
    • 1.68 lot acres
    OFF-MARKET
    Value Estimation
    $220,000
    Location Intelligence
    Property ID
    US87-0071869
    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.

    Current Use by Public Records

    • Perdue Farms Inc / Ranch / Farm
    • McCloud Cemetery / Cemetery
    • John B. McCloud Family Cemetery / Cemetery

    Property Details for 505 Barnes Rd

    Year built
    1754
    Lot size
    1.68 lot acres
    Property size
    6,650 SF
    Zone code
    M2: GENERAL INDUSTRIAL
    Property type
    Office buildings
    APN
    1380000000041
    APU
    1380000000041

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $225,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $195,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $155,000
      Geo Method
      $165,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $195,000
      Mixed-Use
      $185,000
      Hospitality
      $235,000
      Educational
      $185,000
      Residential Income
      $190,000
      Energy
      $225,000
      Income-Based Land
      $200,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.2832
    Latitude
    36.8047
    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
    $4,745
    $184,800
    $399,800
    $584,600
    -
    $184,800
    $399,800
    $584,600

    Comparable in this City

    • Value Estimation by Request
      384 SF

      1420 Bainbridge Blvd

      OFFICE BUILDING • 384 SF
      1420 Bainbridge Blvd, Chesapeake, VA 23324-2238
      View Details
    • Value Estimation by Request
      2,400 SF

      813 Industrial Ave

      OFFICE BUILDING • 2,400 SF
      813 Industrial Ave, Chesapeake, VA 23324-2614
      View Details
    • Value Estimation
      $225,000
      1,188 SF

      3404 Bainbridge Blvd

      OFFICE BUILDING • 1,188 SF
      3404 Bainbridge Blvd, Chesapeake, VA 23324-1653
      View Details
    • Value Estimation
      $335,000
      2,450 SF

      1500 Bainbridge Blvd

      OFFICE BUILDING • 2,450 SF
      1500 Bainbridge Blvd, Chesapeake, VA 23324-2112
      View Details
    • Value Estimation by Request
      1,140 SF

      709 Burrow Ave

      OFFICE BUILDING • 1,140 SF
      709 Burrow Ave, Chesapeake, VA 23324-1009
      View Details
    • Value Estimation
      $275,000
      6,013 SF

      1302 Jefferson St

      OFFICE BUILDING • 6,013 SF
      1302 Jefferson St, Chesapeake, VA 23324-2214
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.20 Acres

      Harbor Watch Shoppes: Great Bridge Retail Space

      Prime Retail/Office Space Available; 1,250 sq ft.
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      Chesapeake Redevelopment Opportunity

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      Chesapeake Heavy Industrial Zoned Land

      M-2 zoned land with development potential and convenient location.
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      768 SF

      Chesapeake Quadplex Sold As-Is

      Quadplex in Chesapeake, sold as-is with non-conforming residential use.
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      0.10 Acres

      Chesapeake Church - Prime Location

      Spacious Church Building, Corner Lot, VA
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      Chesapeake Retail Opportunity

      Retail property available for sale in Chesapeake, Virginia.
      3203 Bainbridge Blvd, Chesapeake, VA 23324
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    Similar Nearby for Lease

    • Contact for pricing
      267,010 SF

      Diamond Hill Distribution Center

      Chesapeake, VA industrial space available
      1960 Diamond Hill Rd, Chesapeake, VA 23324
      View Details
    • $21 SF/Yr
      13,813 SF

      Freestanding Retail Building with Drive-Thru

      Former drug store with drive-thru at signalized intersection.
      2040 Atlantic Ave, Chesapeake, VA 23324
      View Details
    • Contact for pricing
      2,400 SF

      Restaurant Space Off Interstate 664

      Restaurant space available in Chesapeake with developable land.
      4021-4027 Bainbridge Blvd, Chesapeake, VA 23324
      View Details
    • Contact for pricing
      224,620 SF

      Diamond Hill Distribution Center

      224,620 SF Industrial Space Available
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    • $7,000 /Mo

      Chesapeake Land Available For Rent

      Land available for rent in Chesapeake, Virginia.
      5428 Bainbridge Blvd, Chesapeake, VA 23324
      View Details
    • Contact for pricing
      267,010 SF

      Diamond Hill Distribution Center

      200,210 SF Industrial Space Available
      1960 Diamond Hill Rd, Chesapeake, VA 23324
      View Details
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    505 Barnes Rd
    Chesapeake, VA 23324-1303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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