1124 Lynnhaven Parkway, Virginia Beach, VA 23452
Retail and medical office building available for sale.
- Added:
- Nov 25, 2021
- Days on Market:
- 1676
- Last Refresh:
- Mar 16 at 12:52 pm
Property Features for 1124 Lynnhaven Parkway
General Information
- Standard status
- Active
- Size
- 12,498 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1993
Listing office Riddle Associates, Inc.
Listing date Nov 25, 2021
Source Crexi
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 Riddle Associates, Inc.
HighLights
- Retail medical office building
- For sale
- Year built: 1993
Overview
Local 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 | $288.0k | $23.04 |
| − Vacancy | −$51.8k | −$4.15 |
| EGI | $236.1k | $18.89 |
| − OpEx | −$59.0k | −$4.72 |
| NOI | $177.1k | $14.17 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Shipps Corner — 1124 Lynnhaven Pkwy, Virginia Beach, VA 23452
- Hampton Roads Pet Rehab — Virginia Beach, VA 23453
- Southeast Veterinary Neurology — 1124 Lynnhaven Pkwy Unit C, Virginia Beach, VA 23452
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach
- State
- Virginia
- Longitude
- -76.0834311
- Latitude
- 36.8021211
