4725 MilitaryChesapeake, VA 23321

  • Hospitality properties
  • 19,468 SF
Off market
$2,973,800 Estimated

Property Details for 4725 Military

Year built
1974
Lot size
1.64 AC
Property size (Sq ft)
19,468 SF
Zone code
B3: HIGHWAY SERVICE
Property type
Hospitality properties
Property subtype
Motels
APN
220000001190
APU
220000001190

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,102,601
    6.5%
    $3,787,016
    7%
    $3,516,515
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,134,542
    Geo Method
    $7,640,674
  • Alternative Use

    Use
    Valuation
    Residential
    $4,134,321
    Hospitality
    $3,787,016
    Educational
    $3,150,753
    Medical
    $3,259,112
    Retail
    $4,901,171
4725 Military, Chesapeake, Virginia

Location Insight

City
Chesapeake
County
Chesapeake City
State
Virginia
Latitude
36.7831
Longitude
-76.4223
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
$14,257
$409,800
$2,564,000
$2,973,800
-
$409,800
$2,564,000
$2,973,800

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