113 S First Colonial Rd, Virginia Beach, VA
1500 SF industrial flex unit near Hilltop and I-264.
- Added:
- Jul 22, 2025
- Days on Market:
- 328
- Last Refresh:
- May 20 at 8:08 pm
Property Features for 113 S First Colonial Rd
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 3.04 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 113 S First Colonial Rd Contact usListing agent John Katsias (757) 285-8989
Listing office The Katsias Company (757) 285-8989
Listing date Jul 22, 2025
Source Moodyscre
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
HighLights
- Strategic location 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.
- Flexible layout and functional square footage customizable for various business operations.
- Ideal for light manufacturing, storage, distribution, or workshop needs.
- Steel‑frame construction (Class S – Pre‑Engineered Steel).
Overview
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 | $31.5k | $21.00 |
| − Vacancy | −$1.6k | −$1.05 |
| EGI | $29.9k | $19.95 |
| − OpEx | −$10.5k | −$6.98 |
| NOI | $19.5k | $12.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach
- State
- Virginia
- Longitude
- -76.0235
- Latitude
- 36.8377
