Flex Condo with Warehouse
For Sale
$599,000
1728 Virginia Beach Boulevard, Virginia Beach, VA 23454
COMMERCIAL - Virginia Beach, VA
Property Size3,700 SF
Lot Size0.09 Acres
Price / SF$161.89
Days on Market143
Property Features for 1728 Virginia Beach Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Subdivision
OCEANA GARDENS
Standard status
Active
Size
3,700 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
1084
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1990
Listing Agency:
Keller Williams Capital Props. · Keller Williams Realty
(703) 964-1290
Listed By:
Jessica Haynes
(240) 462-7855
Added: Mar 16
Changed: Aug 4
Last Checked: Aug 5 at 8:06PM
MLS# 10625411
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex condo totals 3,700 square feet and blends professional office space with warehouse functionality. The layout is designed as an “office-in-front, work-in-back” configuration, featuring an extended 40' height garage door plus a second roll-up drive-in door. A bonus mezzanine adds additional usable space within the warehouse portion.
The property is presented as two suites with plentiful parking. Zoning is listed as B2.
For businesses needing a compact, self-contained footprint that supports both client-facing office use and day-to-day warehouse access, this Hilltop-area flex condo is a practical fit within a total 0.09-acre site.
The property is presented as two suites with plentiful parking. Zoning is listed as B2.
For businesses needing a compact, self-contained footprint that supports both client-facing office use and day-to-day warehouse access, this Hilltop-area flex condo is a practical fit within a total 0.09-acre site.
Key Highlights
- 3,700 SF flex condo with professional office space plus warehouse space
- Extended 40' height garage door and a second roll‑up drive‑in door
- Bonus mezzanine for added storage or usable space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.3k | $21.96 |
| − Vacancy | −$12.2k | −$3.29 |
| EGI | $69.1k | $18.67 |
| − OpEx | −$17.3k | −$4.67 |
| NOI | $51.8k | $14.00 |
3,700 SF · lease $21.96/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$740.0K
$647.5K – $863.3K
NOI $51,798 @ 7.0% cap · market cap 8.65%
Second Best
Flex RnD
$435.4K
$381.0K – $507.9K
NOI $30,476 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$935.9K
$818.9K – $1.09M
NOI $65,513 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,208
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23454, VA
58,665
Population
24,253
Households
2.4
Avg Household Size
38
Median Age
43%
College-Educated
94%
High-School Grad
22.5 sq mi
ZIP Area
2,607
Density / Sq Mi
$97,835
Median Household Income
$48,961
Median Earnings
$1,600
Median Rent
$401,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Baker's Crust Artisan Kitchen — 1628 Laskin Rd #704, Virginia Beach, VA 23451
- Firehouse Subs Hilltop — 1577 Laskin Rd #101, Virginia Beach, VA 23454
Frequently Asked Questions
What type of property is this?
Flex space - Flex condo offering combined office and warehouse space with a 40' height garage door, mezzanine, and two roll-up doors.
Where is this flex space located?
The property is located at 1728 Virginia Beach Boulevard Virginia Beach, VA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,700 SF flex condo with professional office space plus warehouse space; Extended 40' height garage door and a second roll‑up drive‑in door; Bonus mezzanine for added storage or usable space
