Property profile

516 Innovation Dr Ste 202 Chesapeake, VA 23320

OFF-MARKET
Commercial real estate
Property ID
US87-2323255
2,363 SF 0.06 ac lot Built 2014
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 2014
Total area 2,363 SF
Lot 0.06 ac (2,396 SF)
Zoning code PUD: PLANNED UNIT DEVELOP
APN 482017000022
UPID US87-2323255

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

516 Innovation Dr Ste, Unit 202 Chesapeake, VA 23320-3866
Chesapeake metro Census 20804 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$125k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2022
Last sale
$142,090
3 recorded transactions
2022
Price N/A
2013
$142,090
2013
$153,595

Zoning & alternative use

PUD: PLANNED UNIT DEVELOP · Chesapeake, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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