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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Warehouses
929 Fentress Airfield Rd Chesapeake, VA 23322-1366
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0997773
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Construction
CONCRETE
Total area
7,680 SF
Lot
5.92 ac (257,962 SF)
Zoning code
A1: AGRICULTURAL
APN
630000000220
UPID
US87-0997773
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
$940k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$995k
Owner & transaction history
Mdm Septic Services INC · 3 yrs held
Mdm Septic Services INC
since 2022
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
A1: AGRICULTURAL · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+39.6%
Commercial (general)
$1.3M
+21.4%
Office building
$1.1M
+4.7%
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
$910,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,030,000
Current use
RETAIL STORES
$1,440,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,250,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$1,080,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$895,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.10M (Oct 11 2022)
Last sale anchor
$1.10M
Oct 11 2022
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
$130 / 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
$6,713
Tax year 2019
Assessed value
$1,043,100
Assessed 2023
Previous assessed
$800,300
+30.3% YoY
Effective rate
0.64%
On assessed value
Assessed land
$149,600
Assessed improvement
$893,500
Land market value
$149,600
Improvement market value
$893,500
Total market value
$1,043,100
Applied tax rate
1.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
1
Rooms
6
Bathrooms
2
Total area
7,680 SF
Lot
5.92 ac (257,962 SF)
Zoning code
A1: AGRICULTURAL
APN
630000000220
UPID
US87-0997773
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
A1: AGRICULTURAL · Chesapeake, VA
Zoning A1: AGRICULTURAL · permitted uses
A1: AGRICULTURAL · 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
WAREHOUSE, STORAGE Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$895,000
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (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
2014
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
2
Lot
5.92 ac
Current owner
From public records · entity-resolved
Mdm Septic Services INC
Entity
Mailing address
937 FENTRESS AIRFIELD RD, CHESAPEAKE, VA 23322-1366
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
—
Mdm Septic Services INC
—
Deed
related
$1,484 · Opal One LLC
Oct 11, 2022
$1,100,000
Mdm Septic Services INC
Opal One LLC
Warranty Deed
$855,000 · Farmers Bank
Jul 8, 2013
$260,000
Opal One LLC
Celus G Harrison JR
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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