Property profile

Shipyard Rd Chesapeake, VA 23323

OFF-MARKET
Commercial land
Property ID
US87-2132202
1.35 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.35 ac (58,806 SF)
Zoning code M3: WATERFRONT INDUSTRIAL
APN 350000000350
UPID US87-2132202

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Shipyard Rd Chesapeake, VA 23323
Chesapeake metro Census 21304 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$925k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$845k

Owner & transaction history

since 2021
Last sale
$800,000
1 recorded transaction
2021
$800,000

Zoning & alternative use

M3: WATERFRONT INDUSTRIAL · Chesapeake, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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