Property profile

505 Barnes Rd Chesapeake, VA 23324

OFF-MARKET
Office buildings
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Property ID
US87-0071869
6,650 SF 1.68 ac Built 1754
Last sale Mar 2005·$90,000
Individually Owned Owner of record is an individual. 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$5k
Tax billed · 2019
Assessed value · 2023$585k
Assessed land$185k
Assessed improvement$400k
Effective rate0.81%

Value estimate

· Nov 2026
$225k
$203k – $248k
Submarket $/SF estimate$757k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$140/SF
Submarket average, outlier-cleaned · 76 recorded sales of this use type
Observed band · Q1–Q3$95 – $193
Qualifying comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M2: GENERAL INDUSTRIAL
JurisdictionCHESAPEAKE CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.1
Restaurant18.9
Dental Office16.6

Location

505 Barnes Rd Chesapeake, VA 23324-1303
County assessor Recorded deeds · 2 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
400 Freeman, Chesapeake, VA 23324-1026 $2,117,896 May 2025 9,279 SF
3321 Bainbridge, Chesapeake, VA 23324-1650 $960,000 Oct 2024 4,590 SF
1105 Portlock, Chesapeake, VA 23324-1447 $266,000 Feb 2024 2,294 SF
1048 Ruritan, Chesapeake, VA 23324-3646 $1,300,000 Mar 2022 1,308 SF
3804 Bainbridge, Chesapeake, VA 23324-1608 $189,000 Dec 2021 1,683 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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