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    Property profile & analytics

    7198 Chapman Dr, Unit 7 Hayes, VA 23072-3416

    • Office Properties & Spaces
    • 1,680 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    $210,000
    Last Sale
    Jan 28, 2025
    $205,000
    Location Intelligence
    Property ID
    US87-1806691
    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.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 7198 Chapman Dr

    Year built
    1989
    Lot size
    1.00 lot acres
    Property size
    1,680 SF
    Zone code
    B-1
    Property type
    Office Properties & Spaces
    APN
    17074
    APU
    17074

    Description

    This exceptional 1,680 square foot commercial office building, located at 7198 Chapman Drive in Gloucester Point, Virginia, presents a unique investment opportunity. Built in 1989, this two-story property offers a flexible layout suitable for a variety of professional uses, including executive offices, medical offices, or traditional office settings. The asking price is $227,000. The property's prime location in Hayes offers convenient access to the Coleman Bridge, situated just 3.5 miles to the south. The spacious interior is well-designed to accommodate the needs of growing businesses. Multiple rooms provide ample space for individual offices, collaborative work areas, and client meeting spaces. The building's versatility makes it an ideal choice for businesses seeking to expand or establish a strong presence in the Gloucester Point area. The property's zip code is 23072, and it is situated in Gloucester County. This is a chance to acquire a well-maintained commercial property in a desirable location, offering significant potential for return on investment. The property is classified as an Office building with subtypes including Executive Office, Medical Office, and Traditional Office.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $210,000

    • CAP approach

      CAP return
      Estimation
      6%
      $205,000
      6.5%
      $220,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $185,000
      Retail
      $185,000
      Mixed-Use
      $195,000
      Hospitality
      $220,000
      Educational
      $200,000
      Residential Income
      $240,000
      Energy
      $195,000
      Income-Based Land
      $210,000
      Food Service
      $195,000

    Location Insight

    • Map
    • Local Demand
    City
    Hayes
    County
    Gloucester
    State
    Virginia
    Longitude
    -76.5089
    Latitude
    37.2873
    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
    2024
    $999
    $0.00
    $171,430
    $171,430
    -
    $0.00
    $171,430
    $171,430

    Comparable in this City

    • Value Estimation
      $340,000
      1,344 SF

      7188 Chapman Dr, Unit 12

      CONDOMINIUM OFFICES • 1,344 SF
      7188 Chapman Dr, Hayes, VA 23072-3416
      View Details
    • Value Estimation
      $125,000
      1,120 SF

      7196 Chapman Dr, Unit 8

      CONDOMINIUM OFFICES • 1,120 SF
      7196 Chapman Dr, Hayes, VA 23072-3416
      View Details
    • Value Estimation
      $260,000
      1,680 SF

      2894 George Washington Memorial Hwy, Unit 1

      CONDOMINIUM OFFICES • 1,680 SF
      2894 George Washington Memorial Hwy, Hayes, VA 23072-3431
      View Details
    • Value Estimation
      $170,000
      1,120 SF

      2898 George Wash Memorial Hwy, Unit 3

      CONDOMINIUM OFFICES • 1,120 SF
      2898 George Wash Memorial Hwy, Hayes, VA 23072-3431
      View Details
    • Value Estimation by Request

      3051-3077 George Washington Memorial Hwy

      Office space
      3051-3077 George Washington Memorial Hwy, Gloucester Point, VA 23072
      View Details
    • Value Estimation by Request
      1,200 SF

      2656 George Washington Memorial Hwy

      Medical offices • 1,200 SF
      2656 George Washington Memorial Hwy, Gloucester Point, VA 23072
      View Details

    Similar Nearby for Sale

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      1.11 Acres

      Commercial Lot on Route 17

      Commercial lot with frontage on Route 17 in Hayes, VA.
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    • $175,000
      2.34 Acres

      Commercial Land in Hayes, VA

      2.34-acre commercial parcel with development potential in Gloucester County.
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    • Contact for pricing
      1.00 Acre

      Secluded 1-Acre Lot in Hayes

      Private 1-acre lot, perfect for building a custom retreat.
      2415 Maundys Creek Rd, Hayes, VA 23072
      View Details
    • $300,000
      7.93 Acres

      Buildable Lot Near Carter Creek

      Nearly 8-acre buildable lot with dock on Carter Creek.
      5.1+Ac Gwyn Ln, Hayes, VA 23072
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    • $1,475,000
      4,920 SF

      Restaurant on George Washington Memorial

      Freestanding restaurant with equipment on 1.43 acres for sale.
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    • New
      $225,000
      27.00 Acres

      Land for Hunting or Building

      Three lots sold as one for recreation or construction.
      25+Ac Low Ground Rd, Hayes, VA 23072
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      2,288 SF

      High-Visibility Office Building on Rt 17

      2,288 sq ft office building on Rt 17 in Hayes, VA
      5103 George Washington Memorial Hwy, Hayes, VA 23072
      View Details
    • $2,000 /Mo
      33,977 SF

      Hayes, VA Office Building

      2,288 sq ft office building on highly traveled Rt 17.
      5103 George Washington Memorial Hwy, Hayes, VA 23072
      View Details
    • $12 SF/Yr
      70,000 SF

      York River Crossing Retail Center

      Prime Gloucester Point Retail Space Available
      2226 York Xing Dr, Gloucester Point, VA 23072
      View Details
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    Hayes, VA 23072-3416
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    Realmo Value Estimation

    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.

    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.

    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
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