928 Professional Pl Chesapeake, VA 23320-3631
Property profile & analytics
928 Professional Pl, Chesapeake, VA 23320-3631
- Warehouses
- 15,800 SF
- 1.00 lot acres
Property ID
US87-3996234
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Conte's Bike Shop Offices / Warehouse & Storage
Property Details for 928 Professional Pl
- Year built
- 1988
- Lot size
- 1.00 lot acres
- Zone code
- PUD: PLANNED UNIT DEVELOP
- Property type
- Warehouses
- APN
- 373002000060
- APU
- 373002000060
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,825,000
- ML approach
- $1,655,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,095,000
- 6.5%
- $1,935,000
- 7%
- $1,795,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,656,000
Market price range: $1.48M - $2.88M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $2,210,000 Current use
- RETAIL STORES
- $2,960,000 Change: +34% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $2,645,000 Change: +20% Conversion: Difficult
- OFFICE BUILDING
- $2,225,000 Change: +1% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $1,840,000 Change: -17% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chesapeake
- County
- Chesapeake City
- State
- Virginia
- Longitude
- -76.229
- Latitude
- 36.7644
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$14,494
$325,700
$1,764,000
$2,089,700
-
$325,700
$1,764,000
$2,089,700
