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    409 Innovation Dr Chesapeake, VA 23320

    Sponsored
    For Sale
    Contact for pricing

    Class A office, build-to-suit, 3,024 sq ft.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional opportunity presents 3,024 square feet of Class A office space in Chesapeake, Virginia, available for a build-to-suit lease. Located at 409 Innovation Drive, this property sits on a generous 1.9-acre lot, offering ample space and potential for expansion. The building is designed to meet the highest standards of professional office environments. A minimum five-year lease is required, with a ten-year lease strongly preferred. The available space is clearly depicted in the accompanying photographs, showcasing the high-quality construction and modern design. This is an ideal location for businesses seeking a prestigious and functional workspace tailored to their specific needs. The build-to-suit option allows for complete customization, ensuring the space perfectly aligns with your company's operational requirements and aesthetic preferences. This presents a unique chance to secure a prime location in a thriving business community, with the flexibility to create a truly bespoke office environment. Serious inquiries only. Contact us to schedule a viewing and discuss your build-to-suit requirements. Lease terms are negotiable within the framework of a minimum five-year and preferred ten-year commitment.

    Property Features for 409 Innovation Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    82,764 SF

    Building Details

    Year Built
    2022
    Property Profile Location Intelligence

    Current Use by Public Records

    Avmac llc Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    CHESAPEAKE
    State
    Virginia
    Longitude
    -76.22247
    Latitude
    36.73362

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    FAQs

    What type of property is this?
    Commercial real estate - Class A office, build-to-suit, 3,024 sq ft.
    Where is this commercial real estate located?
    The property is located at 409 Innovation Dr Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $6,048.
    (757) 547-4555
    Request Owner's contact information
    409 Innovation Dr Chesapeake, VA 23320
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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
    409 Innovation Dr Chesapeake, VA 23320
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