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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Assisted living facilities
516 Great Brg Blvd Chesapeake, VA 23320-7034
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US87-0476519
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2016
Construction
WOOD FRAME
Total area
110,988 SF
Lot
6.33 ac (275,822 SF)
Zoning code
O-I: OFFICE & INSTITUTION
APN
360000001420
UPID
US87-0476519
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
Current use
Occupant on record · Public records
-
Willow Creek Gracious Retirement Living Retirement Community Nursing Home
-
Nicole Askew Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.45M
Owner & transaction history
Chesapeake Great Bridge Retire · 13 yrs held
Chesapeake Great Bridge Retire
since 2012
3 recorded transactions
Zoning & alternative use
O-I: OFFICE & INSTITUTION · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$31 / 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
$138,870
Tax year 2019
Assessed value
$19,288,800
Assessed 2023
Previous assessed
$17,542,700
+10.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$2,355,100
Assessed improvement
$16,933,700
Land market value
$2,355,100
Improvement market value
$16,933,700
Total market value
$19,288,800
Applied tax rate
42.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2016
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
30
Units
1
Rooms
6
Bathrooms
1
Total area
110,988 SF
Lot
6.33 ac (275,822 SF)
Zoning code
O-I: OFFICE & INSTITUTION
APN
360000001420
UPID
US87-0476519
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
O-I: OFFICE & INSTITUTION · Chesapeake, VA
Zoning O-I: OFFICE & INSTITUTION · permitted uses
O-I: OFFICE & INSTITUTION · 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
2016
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
30
Units
1
Rooms
6
Bathrooms
1
Lot
6.33 ac
Current owner
From public records · entity-resolved
Chesapeake Great Bridge Retire
Individual
Mailing address
9310 NE VANCOUVER MALL DR STE #200, VANCOUVER, WA 98662-8210
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2020
—
Chesapeake Great Bridge Retirement
—
Deed
related
$19,460,000 · Berkadia Commercial Mortgage LLC
Sep 12, 2017
—
Chesapeake Great Bridge Retirement
—
Deed
related
$22,700 · Berkadia Commercial Mortgage LLC
Aug 30, 2012
$645,000
Chesapeake Great Bridge Retire
Mary Elizabeth Ward Root
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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