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Property profile & analytics
OFF-MARKET
Estimated value
$14,165,000
Apartment buildings
Harvard Dr Chesapeake, VA 23324
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-1062495
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Total area
108,864 SF
Lot
10.1 ac (439,956 SF)
Zoning code
RMF1: MULTI-FAMILY RESIDE
APN
1450000001570
UPID
US87-1062495
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
by Request
CAP Approach
CAP
$17.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.17M
Owner & transaction history
2607 Harvard Drive LLC · 3 yrs held
2607 Harvard Drive LLC
since 2022
Last sale
$14.0M
1 recorded transaction
Zoning & alternative use
RMF1: MULTI-FAMILY RESIDE · 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
Method
Estimation
Statistic approach
$11,610,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,475,000
6.5%
$17,055,000
7%
$15,835,000
Blend value · Realmo final
$14.17M
Range $12.75M – $15.58M · ±10% · vs last sale $14.00M (Aug 2 2022)
Last sale anchor
$14.00M
Aug 2 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
$47,372
Tax year 2019
Assessed value
$7,523,600
Assessed 2023
Previous assessed
$6,737,900
+11.7% YoY
Effective rate
0.63%
On assessed value
Assessed land
$2,525,000
Assessed improvement
$4,998,600
Land market value
$2,525,000
Improvement market value
$4,998,600
Total market value
$7,523,600
Applied tax rate
31.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1968
Heating
HEAT PUMP
Stories
20
Units
1
Total area
108,864 SF
Lot
10.1 ac (439,956 SF)
Zoning code
RMF1: MULTI-FAMILY RESIDE
APN
1450000001570
UPID
US87-1062495
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
RMF1: MULTI-FAMILY RESIDE · Chesapeake, VA
Zoning RMF1: MULTI-FAMILY RESIDE · permitted uses
RMF1: MULTI-FAMILY RESIDE · 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
1968
Heating
HEAT PUMP
Stories
20
Units
1
Lot
10.1 ac
Current owner
From public records · entity-resolved
2607 Harvard Drive LLC
Entity
Mailing address
2410 EVERGREEN RD STE #104, GAMBRILLS, MD 21054-1979
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2022
$14,000,000
2607 Harvard Drive LLC
Chesapeake Harvard Apartments LLC
Warranty Deed
$11,900,000 · Cfg Bank
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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