Office Unit with Reception
1-4536 Bruce Rd, Chesapeake, VA 23321
For Sale
Contact for pricing
A compact workspace includes shared amenities, on-site reception, and utilities.
Property Size150 SF
Price / SF$0.05
Days on Market27
Property Features for 1-4536 Bruce Rd
General Information
Standard status
Size
Site & Location
Neighborhood
Utilities to Site
Additional Details
Property Use
Amenities
common areas
bathroom
waiting area with receptionist
Listing Agency:
John E. Wood Realty Inc.
(757) 488-6161
Listed By:
Sandra Wood
Source:
Exprealty
Added: Oct 15
Changed: Nov 10
Last Checked: Nov 10 at 2:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John E. Wood Realty Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 150-square-foot office unit is available for occupancy and includes access to shared common areas and a bathroom. A waiting area with an on-site receptionist is also part of the offering, along with utilities.
Key Highlights
- 150‑square‑foot office unit
- Shared common areas and bathroom access
- Waiting area with an on‑site receptionist
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,295
Suggested Prices Based on Cap Rates
Cap Rate 5%
$45,900
$45.9K
Cap Rate 7%
$32,786
$32.8K
Cap Rate 9%
$25,500
$25.5K
Market Conditions
NOI Build-Up for 150 SF
Gross rent
$3.6K $24.00/SF
− Vacancy
−$540 −$3.60/SF
EGI
$3.1K $20.40/SF
− OpEx
−$765 −$5.10/SF
NOI
$2.3K $15.30/SF
Area
Chesapeake, VA
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$45,900
Cap Rate 7%
$32,786
Cap Rate 9%
$25,500
Alternative Uses
Best Use
Office B
$32.8K
$28.7K – $38.3K
NOI $2,295 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$44.3K
$38.8K – $51.7K
NOI $3,103 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Explore this area
Business Placement
Demographics for 23321, VA
37,752
Population
14,836
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
95%
High-School Grad
26.7 sq mi
ZIP Area
1,414
Density / Sq Mi
$98,257
Median Household Income
$51,133
Median Earnings
$1,434
Median Rent
$352,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A compact workspace includes shared amenities, on-site reception, and utilities.
Where is this office unit located?
The property is located at 1-4536 Bruce Rd Chesapeake, VA.
What are key features of this property?
This property features: 150‑square‑foot office unit; Shared common areas and bathroom access; Waiting area with an on‑site receptionist
