Property profile

720 Woodlake Dr Chesapeake, VA 23320

OFF-MARKET
Grocery and convenience stores
Property ID
US87-0600282
4,871 SF 1.99 ac lot Built 2005
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2005
Total area 4,871 SF
Lot 1.99 ac (86,641 SF)
Zoning code PUD: PLANNED UNIT DEVELOP
APN 280000000082
UPID US87-0600282

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
  • Restaurant Take-out & Catering
  • Atm

Location

720 Woodlake Dr Chesapeake, VA 23320-8908
Chesapeake metro Census 20809 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$835k
Comparable Approach Comparable
$656k
Blend (final) Blend
$620k

Owner & transaction history

since 2018
1 recorded transaction
2018
$4.6M

Zoning & alternative use

PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Top alternative use upside
Commercial (general) $775,000 +644.9%
Office building $435,000 +316.9%
Auto repair, garage $390,000 +273.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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