Financial
Distress signals
Property profile

505 Barnes Rd Chesapeake, VA 23324

OFF-MARKET
Office buildings
Property ID
US87-0071869
6,650 SF 1.68 ac lot 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.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

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

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

Realmo valuation models over county records and 5 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 comparables5

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 5 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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