5411 Military Hwy Chesapeake, VA 23321-1017
This exceptional 5,184-square-foot industrial property, situated on an expansive 8-acre lot in Chesapeake, Virginia, presents a unique investment opportunity. The property features two buildings, offering a flexible layout ideal for a variety of industrial or warehouse uses. Currently entirely vacant, the entire 5,184 square feet is available for lease to a single tenant. Built in 1970, the property is zoned M1 - Light Industrial, allowing for a range of permitted activities. The location at 5411 W Military Highway, Chesapeake, VA 23321, provides excellent access to major transportation routes, enhancing logistical efficiency. The substantial lot size offers ample room for expansion, storage, or outdoor operations. This property is perfect for a business seeking a spacious, versatile workspace in a prime Chesapeake location. The property's single-tenant occupancy ensures ease of management and control. With its generous square footage and expansive land area, this property offers significant potential for growth and profitability. The property's location in Chesapeake, Virginia, provides access to a skilled workforce and a thriving business community. This is a rare opportunity to acquire a well-located, sizable industrial property in a desirable market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VAChesapeake. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.