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Property profile & analytics
OFF-MARKET
Assisted living facilities
904 George Washington N Hwy Chesapeake, VA 23323-3504
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0697909
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1973
Total area
5,967 SF
Lot
0.64 ac (27,966 SF)
Zoning code
O-I: OFFICE & INSTITUTION
APN
252011000211
UPID
US87-0697909
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
-
Premier Residential and Assisted Living Association / Organization
-
Premier Residential ALF Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Premier Healthcare Service LLC · 4 yrs held
Premier Healthcare Service LLC
since 2022
Last sale
$335,000
4 recorded transactions
Zoning & alternative use
O-I: OFFICE & INSTITUTION · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,488
Tax year 2019
Assessed value
$627,100
Assessed 2023
Previous assessed
$641,900
-2.3% YoY
Effective rate
1.03%
On assessed value
Assessed land
$224,700
Assessed improvement
$402,400
Land market value
$224,700
Improvement market value
$402,400
Total market value
$627,100
Applied tax rate
12.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1973
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,967 SF
Lot
0.64 ac (27,966 SF)
Zoning code
O-I: OFFICE & INSTITUTION
APN
252011000211
UPID
US87-0697909
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.
Building & site characteristics
From public records
Year built
1973
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Premier Healthcare Service LLC
Entity
Mailing address
904 GEORGE WASHINGTON HWY N, CHESAPEAKE, VA 23323-3504
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
$335,000
Premier Healthcare Service LLC
Living Options INC
Warranty Deed
$539,000 · Newtek Small Business Finance LLC
Apr 11, 2016
$258,000
Living Options INC A Virginia Corpo
The Old Point National Bank Of Phoe
Special Warranty Deed
$490,000 · Southern Bank & Trust Co
Nov 13, 2013
$650,000
Old Point National Bank Phoebu
Atlantic Trustee Services LLC
Trustees Deed
related
—
Jan 31, 2006
$645,000
904 Gw L L C
Heartland Of Va
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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