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Property profile & analytics
OFF-MARKET
Auto shops

5411 Military Hwy Chesapeake, VA 23321-1017

2,320 SF 8 ac lot Built 1970
Entity Owned 5-yr Hold Free & Clear
Property ID
US87-0603488
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Foss Enterprises INC · 5 yrs held
Foss Enterprises INC
since 2020
Last sale
$228,000
1 recorded transaction
2020
$228,000
Zoning & alternative use
M1: LIGHT INDUSTRIAL · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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