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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Retail space
693 George Washington S Hwy Chesapeake, VA 23323-6343
Entity Owned
13-yr Hold
Free & Clear
Property ID
US87-1175634
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Total area
4,120 SF
Lot
101.1 ac (4,404,090 SF)
Zoning code
C2: CONSERVATION & RECREA
APN
440000000010
UPID
US87-1175634
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
-
Chesapeake Campground Campground & RV Park
-
Deep Creek Stables Kennel & Boarding Facility Animal Training
-
Chesapeake Campground Golf Driving Range Golf Course
-
GARRETT PLANTATION HOUSE Hotel & Motel Resort
-
Markley's Refinishing Renovation Specialist Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$491k
Blend (final)
Blend
$625k
Owner & transaction history
James E Baylor Holding Corporation · 13 yrs held
James E Baylor Holding Corporation
since 2013
2 recorded transactions
Zoning & alternative use
C2: CONSERVATION & RECREA · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chesapeake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesapeake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
RETAIL STORES
$770,000
Current use
COMMERCIAL (GENERAL)
$670,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$152 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$16,727
Tax year 2019
Assessed value
$1,821,500
Assessed 2023
Previous assessed
$1,649,800
+10.4% YoY
Effective rate
0.92%
On assessed value
Assessed land
$1,079,300
Assessed improvement
$742,200
Land market value
$1,079,300
Improvement market value
$742,200
Total market value
$1,821,500
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
4,120 SF
Lot
101.1 ac (4,404,090 SF)
Zoning code
C2: CONSERVATION & RECREA
APN
440000000010
UPID
US87-1175634
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
C2: CONSERVATION & RECREA · Chesapeake, VAZoning C2: CONSERVATION & RECREA · permitted uses
C2: CONSERVATION & RECREA · Chesapeake, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$670,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
101.1 ac
Current owner
From public records · entity-resolved
James E Baylor Holding Corporation
Entity
Free & Clear · 13 yrs held
Mailing address
693 GEORGE WASHINGTON HWY S, CHESAPEAKE, VA 23323-6343
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2016
—
James E Baylor Holding Corporation
—
Deed
related
$400,000 · Farmers Bank
Mar 4, 2013
$4,000
James E Baylor Holding Corporation
Ava Gray Carroll
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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