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    500 Independence Pkwy Chesapeake, VA 23320

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    For Sale
    Contact for pricing

    51,000 SF building with suite available for lease.

    Property size:
    51,000 SF
    Lot size:
    14.93 Acres

    Property Features for 500 Independence Pkwy

    General Information

    Size
    51,000 SF
    Lot size
    14.93 Acres

    Source: Colliers | Norfolk Agent Pat Mugler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    51,000 SF Single-Story Building

    This is a 51,000 SF single-story building. Suite 200, comprising 38,213 SF, is available for lease or owner-occupancy. The suite features a private entrance and a ten-foot ceiling height. The building is equipped with a wet pipe sprinkler system and a 480/277 volt, 2,000 amp service. It offers immediate access to I-64 and I-464 and is close to major retail and services.
    Location Intelligence

    Current Use by Public Records

    Kaitlin Derrenberger Audiologist Eastern Va Ear ... Speech Pathologist Jeffrey W. Watson, ... Physician Assistant Alexis Gurecki Physician Assistant John Ackiss Physical Therapist

    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
    -76.2571703
    Latitude
    36.7606005

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    FAQs

    What type of property is this?
    Office building - 51,000 SF building with suite available for lease.
    Where is this office building located?
    The property is located at 500 Independence Pkwy Chesapeake, VA.
    What are key features of this property?
    This property features: - Large Available Space: 38,213 SF suite suitable for lease or owner-occupant; - Strategic Location: Immediate access to I-64 & I-464; - High Power Capacity: 480/277 volt, 2,000 amp electrical service
    (757) 490-3300
    Request Owner's contact information
    500 Independence Pkwy Chesapeake, VA 23320
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    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
    500 Independence Pkwy Chesapeake, VA 23320
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