Realmo Analytics

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Financial
Distress signals
Property profile

624 Happy Acres Rd Chesapeake, VA 23323

FOR LEASE
Office buildings
Property ID
US87-0826459
2,750 SF 6.84 ac lot Built 1999
Last sale May 2018
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$3k
Tax billed · 2019
Assessed value · 2023$301k
Assessed land$130k
Assessed improvement$172k
Effective rate0.90%

Value estimate

· Oct 2026
$220k
$198k – $242k
AI approach$220k
NOI build-up
Gross scheduled income$59k
Vacancy & credit loss−$9k
Operating expenses−$13k
NOI · 253,598.66% cap applied$38k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$140/SF
Submarket average, outlier-cleaned · 76 recorded sales of this use type
Observed band · Q1–Q3$95 – $193
Qualifying comparables3

Cap rate analysis

How does the asset earn?
253,598.66%
$38k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B1: NEIGHBORHOOD BUSINESS
JurisdictionCHESAPEAKE CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency28.0
Dental Office23.2
Law Firm21.7

Location

624 Happy Acres Rd Chesapeake, VA 23323
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3028 Military, Chesapeake, VA 23323-4511 $100,000 Mar 2023 1,748 SF
1435 Gust, Chesapeake, VA 23323-2905 $605,000 Apr 2020 2,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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