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Property profile & analytics
OFF-MARKET Estimated value $1,730,000
Commercial real estate

6215 Chesapeake Cir New Kent, VA 23124-2243

13,720 SF 1.07 ac lot Built 2006
Trust Owned 6-yr Hold ~ Est. High Equity
Property ID
US87-1591681
Property summary
AI-generated overview

This vibrant New Kent County shopping center, totaling 4,300 square feet, offers 1,000 square feet of immediately available retail space. Located at 6215 Chesapeake Circle, New Kent, VA 23124, this property enjoys a high-traffic location directly off I-64 at Route 155, benefiting from proximity to over 1,500 homes in the Brickshire community and golf course. The available space is a blank canvas, perfect for a variety of businesses, from small startups to expanding enterprises. The center's strategic position also caters to the significant tourist traffic generated by the nearby Colonial Downs Horse Track. Potential tenants could include restaurants, general retail stores, a nail salon, coffee shop, auto parts store, pharmacy, health and fitness center, dry cleaner, medical or dental office, or professional services like insurance or legal practices. The property is situated in New Kent County and offers excellent visibility and accessibility. This is a unique opportunity to establish a business in a thriving community with strong potential for growth. The building is a multi-tenant shopping center with a total of 4,300 square feet. The available space is 1,000 square feet and is ready for immediate occupancy.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2006
Total area 13,720 SF
Lot 1.07 ac (46,609 SF)
Zoning code PUD
APN 33B2 2
UPID US87-1591681
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
  • Top's China Restaurant
  • Urban Escape Salon and Day Spa Hair Salon Nail Salon
  • Shaggy Paws Spa, LLC. Pet Grooming Service
  • UPS Drop Box Courier Service Postal Service
  • The Daily Fix Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.83M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.73M
Owner & transaction history
The Manish Mehta Revocable Trust · 6 yrs held
The Manish Mehta Revocable Trust
since 2020
Last sale
$1.7M
2 recorded transactions
2020
$1.7M
2005
$550,000
Zoning & alternative use
PUD · New Kent, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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