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Property profile & analytics
OFF-MARKET Estimated value $2,170,000
Warehouses

928 Professional Pl Chesapeake, VA 23320-3631

15,800 SF 1 ac lot Built 1988
Entity Owned 1-yr Hold Free & Clear
Property ID
US87-3996234
Property summary
AI-generated overview

This exceptional 15,800-square-foot office and warehouse property in Chesapeake County is available for lease. Situated on a one-acre lot, this single-tenant building offers a beautifully appointed 3,200-square-foot office space. The office area features built-in desks and storage cubicles, including eight individual offices, one of which boasts a private bath and shower. A reception area, kitchenette, and conference room add to the functionality. Four bathrooms are conveniently located throughout the building, with one situated in the warehouse area for added convenience. A secure entry vestibule and security system enhance safety and peace of mind. The warehouse itself offers a substantial 12,600 square feet of space with an impressive 18-foot ceiling height, perfect for various storage and operational needs. Three grade-level doors (two 10'x12' and one 12'x14') provide easy access, complemented by a loading dock with a 10'x12' overhead door. The property includes three parking spaces and is equipped with a 400-amp, single-phase electrical meter. The asking lease rate is $12.50 per square foot, NNN. This property presents a unique opportunity for a business seeking a combination of modern office space and ample warehouse capacity in a prime Chesapeake County location. The sale price is $2,950,000.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1988
Total area 15,800 SF
Lot 1 ac (43,647 SF)
Zoning code PUD: PLANNED UNIT DEVELOP
APN 373002000060
UPID US87-3996234
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
  • Conte's Bike Shop Offices Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.66M
CAP Approach CAP
$1.94M
Comparable Approach Comparable
$2.66M
Blend (final) Blend
$2.17M
Owner & transaction history
928 Professional Place LLC · 1 yrs held
928 Professional Place LLC
since 2025
Last sale
$2.5M
6 recorded transactions
2025
Price N/A
2024
$2.5M
2022
$2.2M
2022
Price N/A
2020
Price N/A
2019
Price N/A
Zoning & alternative use
PUD: PLANNED UNIT DEVELOP · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $3.0M +34.0%
Commercial (general) $2.6M +19.7%
Office building $2.2M +0.8%
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