Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    669 Woodlake Dr Chesapeake, VA 23320-8907
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    669 Woodlake Dr Chesapeake, VA 23320-8907

    View on Map
    • Retail space
    • 5,084 SF
    • 0.92 lot acres
    Off-Market
    Last Sale Apr 5, 2021
    $79,580
    Property ID
    US87-1267304
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Adventure BMW / Motorcycle Shop

    Property Details for 669 Woodlake Dr

    Year built
    1983
    Lot size
    0.92 lot acres
    Property size
    5,084 SF
    Zone code
    PUD: PLANNED UNIT DEVELOP
    Property type
    Retail space
    APN
    280000000049
    APU
    280000000049

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.2376
    Latitude
    36.7894
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $9,049
    $506,600
    $516,100
    $1,022,700
    -
    $506,600
    $516,100
    $1,022,700

    Comparable in this City

    • Value Estimation
      $1,075,000
      7,520 SF

      1032 Volvo Pkwy Ste, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 7,520 SF
      1032 Volvo Pkwy Ste, Chesapeake, VA 23320-8603
      View Details
    • Value Estimation
      $2,320,000
      24,441 SF

      1200 Battlefield N Blvd

      RETAIL STORES (PERSONAL SERVICES) • 24,441 SF
      1200 Battlefield N Blvd, Chesapeake, VA 23320-4790
      View Details
    • Value Estimation
      $1,150,000
      15,710 SF

      445 Battlefield Blvd N E Ste

      RETAIL STORES (PERSONAL SERVICES) • 15,710 SF
      445 Battlefield Blvd N E Ste, Chesapeake, VA 23320-3970
      View Details
    • Value Estimation
      $1,110,000
      15,625 SF

      2001 Military Hwy E E Ste

      RETAIL STORES (PERSONAL SERVICES) • 15,625 SF
      2001 Military Hwy E E Ste, Chesapeake, VA 23320-4440
      View Details
    • Value Estimation
      $1,850,000
      12,600 SF

      1421 Kempsville Rd Ste B

      RETAIL STORES (PERSONAL SERVICES) • 12,600 SF
      1421 Kempsville Rd Ste B, Chesapeake, VA 23320-1406
      View Details
    • Value Estimation
      $695,000
      6,720 SF

      1025 Eden Way N Ste C

      RETAIL STORES (PERSONAL SERVICES) • 6,720 SF
      1025 Eden Way N Ste C, Chesapeake, VA 23320-2788
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,896 SF

      Freestanding Building on Corner Parcel

      2,896 SF building on one-acre corner parcel in Chesapeake, VA.
      740 Eden Way N, Chesapeake, VA 23320
      View Details
    • $4,000,000
      28,400 SF

      Chesapeake Commercial/Industrial Opportunity For Sale

      Versatile commercial property with warehouse, office, and showroom spaces.
      4653 Battlefield Blvd, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      7,071 SF

      Restaurant Opportunity in Retail Corridor

      Fully equipped restaurant in a high-traffic retail area.
      1672 Sentinel Dr, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      2,623 SF

      Restaurant Space on South Military

      High-visibility restaurant space centrally located on South Military Highway.
      1370 S Military Hwy, Chesapeake, VA 23320
      View Details
    • Contact for pricing

      Chesapeake Land Development Opportunity

      Approximately 6 acres of land available for development in Chesapeake.
      Debaun Loop, Chesapeake, VA 23320
      View Details
    • Contact for pricing

      Commercial Land Near Battlefield Boulevard

      Commercial land with B-3 zoning near I-64.
      1512 Sams Cir, Chesapeake, VA 23320
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      800 SF

      Retail Space on Volvo Parkway

      Retail space available for lease in Chesapeake, Virginia.
      1036 Volvo Pkwy, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      5,000 SF

      Mixed-Use Development Retail Space

      Retail space available in a large mixed-use development.
      500 Volvo Pkwy, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Chesapeake, VA

      5,000 SF retail space available for rent.
      1011 Eden Way N, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      1,165 SF

      Retail Space in Greenbrier Market

      Premier power center location near Greenbrier Mall and Business Park.
      1212 Greenbrier Pkwy, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in Woodford Square

      Retail space with high visibility and signage opportunities available for rent.
      701 Battlefield Blvd N, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      2,518 SF

      Retail Space Near Kempsville Road

      Retail space with convenient access to major thoroughfares and landmarks.
      480 Kempsville Rd, Chesapeake, VA 23320
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    669 Woodlake Dr
    Chesapeake, VA 23320-8907
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!