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Financial
Distress signals
Property profile

7920 Chesapeake Blvd Norfolk, VA 23518

FOR LEASE
Strip malls
Property ID
US87-3353298
8,180 SF 0.65 ac lot Built 1973
Last sale Nov 2011 · $760,000
Individually Owned Owner of record is an individual. 14-yr Hold Held for 14 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail space configured for leasing on a gross lease basis. It is situated within the Military Highway corridor area near dining and retail amenities, with access to major roadways and proximity to Norfolk International Airport.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$10k
Tax billed · 2024
Assessed value$783k
Assessed land$366k
Assessed improvement$417k
Effective rate1.25%

Value estimate

· Oct 2026
$340k
$306k – $374k
AI approach$360k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm23.0
Dental Office20.6
Building Supply14.2

Location

7920 Chesapeake Blvd Norfolk, VA 23518
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 15 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
741 Little Crk, Norfolk, VA 23518-3709 $8,320,000 Aug 2024 136,526 SF
3506 Military, Norfolk, VA 23518-5502 $968,000 Sep 2022 2,498 SF
1819 Little Crk, Norfolk, VA 23518-4203 $10,000,000 Nov 2021 142,092 SF
3574 Military, Norfolk, VA 23518-5543 $1,050,000 Jun 2021 10,648 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
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