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Property profile & analytics
OFF-MARKET
Estimated value
$2,120,000
Industrial properties
840 Juniper Cres Chesapeake, VA 23320-2628
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-1264812
Property summary
AI-generated overview
This exceptional 17,400-square-foot flex/warehouse property, situated at 840 Juniper Crescent in Chesapeake, Virginia, presents a fantastic leasing opportunity. Built in 1985, the building offers a single-tenant occupancy configuration within the desirable Greenbrier submarket of Hampton Roads. Currently, 1,100 square feet of flexible space is immediately available for lease, perfect for a variety of business needs. The space includes one 8-foot overhead door, providing convenient loading and unloading capabilities. Additionally, the property boasts ample parking and one drive-in door for easy access. The building is zoned PUD and features single-phase 110v power. The monthly asking rent is $1,350, modified gross. Layout options vary by suite, and interested parties are encouraged to review available floor plans. This prime location in Chesapeake, VA (zip code 23320) offers excellent accessibility and visibility. Don't miss this chance to secure your ideal workspace in this thriving Hampton Roads submarket.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Total area
17,012 SF
Lot
1.43 ac (62,247 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
200000000920
UPID
US87-1264812
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
-
WSC Smart Home Designers Home Appliance Store IT Consulting Firm
-
Temple Tattoo and Body Piercing Studio Tattoo & Piercing Shop
-
Medical Pro Inc Medical Supply Store
-
Anderson Harold Elevator Co Feed Store Warehouse & Storage
-
EVa Homebirth Gym & Fitness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$2.12M
Owner & transaction history
Fulton Chesapeake Va LLC · 2 yrs held
Fulton Chesapeake Va LLC
since 2023
Last sale
$2.2M
2 recorded transactions
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.2M
+60.9%
Commercial (general)
$2.8M
+43.7%
Office building
$2.4M
+21.0%
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
$2,095,000
ML approach
$2,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,980,000
Current use
RETAIL STORES
$3,190,000
Change: +61% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,845,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$2,395,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,380,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$2.12M
Range $1.91M – $2.33M · ±10% · vs last sale $2.16M (Sep 22 2023)
Last sale anchor
$2.16M
Sep 22 2023
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
$125 / 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
$15,107
Tax year 2019
Assessed value
$1,786,900
Assessed 2023
Previous assessed
$1,786,900
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$428,700
Assessed improvement
$1,358,200
Land market value
$428,700
Improvement market value
$1,358,200
Total market value
$1,786,900
Applied tax rate
42.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1985
Heating
HEAT PUMP
Stories
1
Units
1
Total area
17,012 SF
Lot
1.43 ac (62,247 SF)
Zoning code
PUD: PLANNED UNIT DEVELOP
APN
200000000920
UPID
US87-1264812
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Zoning PUD: PLANNED UNIT DEVELOP · permitted uses
PUD: PLANNED UNIT DEVELOP · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
RETAIL STORES
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1985
Heating
HEAT PUMP
Stories
1
Units
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Fulton Chesapeake Va LLC
Entity
Mailing address
40 FULTON ST FL, NEW YORK, NY 10038-1850
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
$2,160,018
Fulton Chesapeake Va LLC
Murray Farms LLC
Special Warranty Deed
$100,000 · Murray Farms LLC
Nov 14, 2019
—
Murray Farms LLC
—
Deed
related
$576,000 · Fulton Bank NA
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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