Property profile

661 Independence Pkwy Chesapeake, VA 23320

OFF-MARKET
Office buildings
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Property ID
US87-1191256
49,300 SF 11.26 ac Built 1996
Last sale Oct 2020·$4,250,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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?
$67k
Tax billed · 2019
Assessed value · 2023$4.84M
Assessed land$1.53M
Assessed improvement$3.31M
Effective rate1.38%

Value estimate

· Nov 2026
$3.84M
$3.46M – $4.22M
AI approach$3.26M
Submarket $/SF estimate$4.66M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$141/SF
ZIP average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$95 – $188

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M1: LIGHT INDUSTRIAL
JurisdictionCHESAPEAKE CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand index
Dental Office17.7
Clothing Store13.8
Auto Parts Store13.8

Location

661 Independence Pkwy Chesapeake, VA 23320-5112
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1341 Crossways, Chesapeake, VA 23320-2897 $24,000,000 Mar 2025 88,000 SF
535 Independence, Chesapeake, VA 23320-5176 $8,389,178 Feb 2025 96,960 SF
850 Greenbrier, Chesapeake, VA 23320-2644 $11,050,000 Jun 2022 80,563 SF
1553 Riv Birch N, Chesapeake, VA 23320-7403 $6,500,000 May 2022 50,470 SF
860 Greenbrier Cir, Chesapeake, VA 23320-2640 $19,300,000 Feb 2022 92,893 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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