Entity Owned Property summary
AI-generated overview
This exceptional 11,168-square-foot retail space is ideally situated at 701 N Battlefield Blvd in Chesapeake, Virginia, within the thriving Greenbrier/Battlefield submarket. Located in Northampton County, zip code 23320, this single-tenant property offers unparalleled visibility and accessibility. Battlefield Boulevard boasts a daily traffic count of 40,000 vehicles, ensuring significant exposure for your business. The property benefits from its strategic placement in a leading mixed-use business district within the Hampton Roads area. Anchored by established businesses such as Harbor Freight and Roses, this location provides excellent signage opportunities and a strong commercial presence. Its convenient proximity to Route 168 further enhances accessibility for customers from densely populated areas like Great Bridge and Kempsville. The entire 11,168 square feet is currently vacant, presenting a unique opportunity for a business seeking a prominent location with high traffic volume and strong visibility in a well-established commercial area. This property is a prime location for a variety of retail businesses seeking to establish a strong presence in a high-traffic area of Chesapeake.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Total area
85,820 SF
Lot
9.56 ac (416,259 SF)
Zoning code
B1: NEIGHBORHOOD BUSINESS
APN
370000001241
UPID
US87-1304973
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hearing Aid Store Hearing Aid Repair Service
-
Tutoring Service
-
Tutoring Service
-
Physician
-
Computer & Electronic Repair
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.68M
Owner & transaction history
since 2022
Last sale
$6.9M
3 recorded transactions
Zoning & alternative use
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VA
Top alternative use upside
Office building
$7.7M
+316.9%
Auto repair, garage
$6.9M
+273.6%
Restaurant
$6.9M
+273.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.68M
Value range
$5.11M – $6.25M
±10% around blend
Estimated value / SF
$66 / SF
Confidence
Property data
100
Comparable evidence
60
$5.11M
blend $5.68M
$6.25M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
85,820 SF
Lot area
9.56 ac
Year built
1987
Stories
1
APN
370000001241
Zoning
B1: NEIGHBORHOOD BUSINESS
Assessed value
$7,181,900
Annual tax
$100,830
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.68M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+317%
vs current-use indication
Auto Repair, Garage
Restaurant
Medical Building
Apartment House (5+ Units)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.85M
Move the market yield to see immediate price impact.
Value / SF
$80
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$432k
$8.63M
$6.16M
$4.80M
$480k
$9.59M
$6.85M
$5.33M
$527k
$10.55M
$7.53M
$5.86M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$100,830
Tax year 2019
Assessed value
$7,181,900
Assessed 2023
Previous assessed
$7,181,900
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$3,583,500
Assessed improvement
$3,598,400
Land market value
$3,583,500
Improvement market value
$3,598,400
Total market value
$7,181,900
Applied tax rate
42.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Heating
HEAT PUMP
Stories
1
Units
1
Total area
85,820 SF
Lot
9.56 ac (416,259 SF)
Zoning code
B1: NEIGHBORHOOD BUSINESS
APN
370000001241
UPID
US87-1304973
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VAZoning B1: NEIGHBORHOOD BUSINESS · permitted uses
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
HEAT PUMP
Stories
1
Units
1
Lot
9.56 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B1: NEIGHBORHOOD BUSINESS
Jurisdiction
Chesapeake, VA
Recorded code
B1: NEIGHBORHOOD BUSINESS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B1: NEIGHBORHOOD BUSINESS in Chesapeake, VA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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