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    Property profile & analytics

    Military Hwy Chesapeake, VA 23321

    • Commercial land
    • 3.11 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 23, 2023
    Location Intelligence
    Property ID
    US87-2142034
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for Military Hwy

    Year built
    1754
    Lot size
    3.11 lot acres
    Zone code
    M1: LIGHT INDUSTRIAL
    Property type
    Commercial land
    APN
    220000002370
    APU
    220000002370

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.4196
    Latitude
    36.7802
    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
    $1,765
    $163,300
    $0.00
    $163,300
    -
    $163,300
    $0.00
    $163,300

    Comparable in this City

    • Value Estimation by Request
      1.28 Acres

      Portsmouth Blvd

      VACANT COMMERCIAL LAND • 1.28 Acres
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    • Value Estimation by Request
      13.79 Acres

      4229 Rotunda Ave

      VACANT COMMERCIAL LAND • 13.79 Acres
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    • Value Estimation by Request
      0.07 Acres

      4153 Military Hwy

      VACANT COMMERCIAL LAND • 0.07 Acres
      4153 Military Hwy, Chesapeake, VA 23321-2701
      View Details
    • Value Estimation by Request
      2.20 Acres

      Taylor Rd

      VACANT COMMERCIAL LAND • 2.20 Acres
      Taylor Rd, Chesapeake, VA 23321
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    • Value Estimation by Request
      0.14 Acres

      Towne Pt Rd

      VACANT COMMERCIAL LAND • 0.14 Acres
      Towne Pt Rd, Chesapeake, VA 23321
      View Details
    • Value Estimation by Request
      12.79 Acres

      Willow Lk Rd

      VACANT COMMERCIAL LAND • 12.79 Acres
      Willow Lk Rd, Chesapeake, VA 23321
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Land Parcel For Lease

      Land parcel available for lease near Food Lion.
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      Available Commercial Land for Lease

      Commercial land available for lease with flexible lot sizes.
      4711 W Military Hwy, Chesapeake, VA 23321
      View Details
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    Military Hwy
    Chesapeake, VA 23321
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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