Technical
Financial
Distress signals
Property profile

5411 Military Hwy Chesapeake, VA 23321

OFF-MARKET
Auto shops
Property ID
US87-0603488
2,320 SF 8 ac lot Built 1970
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1970
Total area 2,320 SF
Lot 8 ac (348,480 SF)
Zoning code M1: LIGHT INDUSTRIAL
APN 210000000014
UPID US87-0603488

Cap rate & NOI

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

Location

5411 Military Hwy Chesapeake, VA 23321-1017
Chesapeake metro Census 21301 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$150k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2020
Last sale
$228,000
1 recorded transaction
2020
$228,000

Zoning & alternative use

M1: LIGHT INDUSTRIAL · 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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