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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Office buildings
752 Cedar Rd Chesapeake, VA 23322-7227
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-0628635
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Total area
4,391 SF
Lot
1.21 ac (52,708 SF)
Zoning code
O-I: OFFICE & INSTITUTION
APN
590000002010
UPID
US87-0628635
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
-
Aesthetic’s Skin & Acne Care Medical Clinic Skin Care Clinic
-
The Alchemist Skin Bar Medical Clinic Skin Care Clinic
-
NAILTOPIA LLC Nail Salon
-
Dream Decks LLC Construction Company General Contractor
-
Fancy Beauty Group Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$935k
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$848k
Blend (final)
Blend
$855k
Owner & transaction history
Merritt Capital LLC · 5 yrs held
Merritt Capital LLC
since 2021
Last sale
$850,000
3 recorded transactions
Zoning & alternative use
O-I: OFFICE & INSTITUTION · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+83.6%
Retail stores
$825,000
+33.4%
Commercial (general)
$715,000
+16.0%
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
$905,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
$1,195,000
6.5%
$1,100,000
7%
$1,025,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$615,000
Current use
AUTO REPAIR, GARAGE
$1,130,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$825,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$715,000
Change: +16% · Conversion: Easy
WAREHOUSE, STORAGE
$590,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $850k (Mar 9 2021)
Last sale anchor
$850k
Mar 9 2021
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
$195 / 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
$8,856
Tax year 2019
Assessed value
$1,037,200
Assessed 2023
Previous assessed
$847,300
+22.4% YoY
Effective rate
0.85%
On assessed value
Assessed land
$726,000
Assessed improvement
$311,200
Land market value
$726,000
Improvement market value
$311,200
Total market value
$1,037,200
Applied tax rate
23.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
4,391 SF
Lot
1.21 ac (52,708 SF)
Zoning code
O-I: OFFICE & INSTITUTION
APN
590000002010
UPID
US87-0628635
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
O-I: OFFICE & INSTITUTION · Chesapeake, VA
Zoning O-I: OFFICE & INSTITUTION · permitted uses
O-I: OFFICE & INSTITUTION · Chesapeake, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chesapeake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$715,000
WAREHOUSE, STORAGE
Est. value
$590,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1955
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Merritt Capital LLC
Entity
Mailing address
752 CEDAR RD, CHESAPEAKE, VA 23322-7227
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2021
—
Merritt Capital LLC
—
Deed
related
$351,000 · Business Finance Group INC
Mar 9, 2021
$850,000
Merritt Capital LLC
Michael D Sifen INC
Warranty Deed
$430,000 · Abnb Federal Credit Union
Mar 9, 2021
—
Merritt Capital LLC
—
Deed
related
$344,000 · Abnb Federal Credit Union
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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