New search
Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Retail space
865 Great Brg Blvd Chesapeake, VA 23320-6756
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-3983166
Property summary
AI-generated overview
This exceptional 3,400 square foot retail space is situated within a thriving shopping center in Chesapeake, Virginia. The property boasts a prime location anchored by a major grocery store, Food Lion, ensuring consistent foot traffic and high visibility for your business. This translates to significant potential for customer interaction and increased sales. The 0.4-acre lot provides ample space for customer parking and convenient access. A prominent pylon sign is available, offering excellent opportunities for branding and attracting attention from potential customers driving by. The property's strategic location within a busy shopping center guarantees a steady stream of potential customers, making it an ideal investment for a variety of retail businesses. This is a rare opportunity to acquire a well-positioned retail space in a high-demand area. The property is priced competitively at $722,171, reflecting its exceptional location and potential for return on investment. Don't miss this chance to establish your business in a vibrant and successful shopping center. Serious inquiries only.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Total area
3,400 SF
Lot
0.41 ac (17,685 SF)
Zoning code
B1: NEIGHBORHOOD BUSINESS
APN
360000002190
UPID
US87-3983166
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
-
Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$690k
Owner & transaction history
Cq Properties LLC · 1 yrs held
Cq Properties LLC
since 2025
Last sale
$700,000
2 recorded transactions
Zoning & alternative use
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$945,000
+48.5%
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
$820,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
$535,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
RETAIL STORES
$635,000
Current use
AUTO REPAIR, GARAGE
$945,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$570,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $700k (Mar 28 2025)
Last sale anchor
$700k
Mar 28 2025
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
$203 / 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
$5,418
Tax year 2019
Assessed value
$533,300
Assessed 2023
Previous assessed
$535,400
-0.4% YoY
Effective rate
1.02%
On assessed value
Assessed land
$223,300
Assessed improvement
$310,000
Land market value
$223,300
Improvement market value
$310,000
Total market value
$533,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
3,400 SF
Lot
0.41 ac (17,685 SF)
Zoning code
B1: NEIGHBORHOOD BUSINESS
APN
360000002190
UPID
US87-3983166
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VA
Zoning B1: NEIGHBORHOOD BUSINESS · permitted uses
B1: NEIGHBORHOOD BUSINESS · 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
RETAIL STORES Current
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$570,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2003
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Cq Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1128 INDEPENDENCE BLVD STE #200, VIRGINIA BEACH, VA 23455-5555
Ownership since
2025
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
Mar 28, 2025
$700,000
Cq Properties LLC
Kh Hr Two Great Bridge LLC
Special Warranty Deed
—
Jan 12, 2011
$422,384
Kh Hr Two Great Bridge LLC
Walters Properties INC
Special Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 865 Great Brg Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
