113 S First Colonial Rd Ste 126 Virginia Beach, VA 23454
1,500 SF industrial flex unit near Hilltop and I-264.
Property Features for 113 S First Colonial Rd Ste 126
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1984
Listing office The Katsias Company (757) 285-8989
Listing date Mar 5, 2026
Source Katsias
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 The Katsias Company
Investment Insights
Based on property information with market context.
Key Highlights
- Strategically located near Hilltop, I‑264, and the Oceanfront, providing convenient access to business hubs and major traffic arteries.
- Zoned for commercial/industrial use, suitable for small business owners, service providers, or investors.
- 1,500 SF industrial flex unit offering open warehouse‑style space.
Local Financial Insights For Flex RnD
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 | $19.8k | $13.20 |
| − Vacancy | −$792 | −$0.53 |
| EGI | $19.0k | $12.67 |
| − OpEx | −$6.7k | −$4.44 |
| NOI | $12.4k | $8.24 |
