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    505 Independence Pkwy Chesapeake, VA 23320

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    For Lease
    $24 SF/Yr ($3,524 /Mo)

    High-quality office space with lakefront views and walking trails.

    Property size:
    1,762 SF
    Lot size:
    6.33 Acres

    Property Features for 505 Independence Pkwy

    General Information

    Size
    1,762 SF
    Lot size
    6.33 Acres

    Source: Colliers | Norfolk Agent Pat Mugler

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

    Overview

    Class A Office Space Available

    Lake Center II is a three-story, Class A office building located within Battlefield Corporate Center in Chesapeake, Virginia. The building offers high-quality office space with lakefront views and walking trails. The location provides immediate access to I-64 and I-464. The lobby has been renovated and features a two-story atrium. Day porter services are provided. The building is located in a designated Verizon “Smart Park”. Onsite amenities include a fitness center with shower facilities, a common area conference room, and a cafe. The building is also an Energy Star Certified building since 2016. It is situated minutes away from restaurants, banking, and retail shopping centers. Available space is 1762 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LPL Financial - David ... Financial Institution Bob Smith Homes Real Estate Agent MBP Engineer RE/MAX Allegiance - John ... Real Estate Agency RE/MAX Allegiance - Lisa ... Real Estate Agent

    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
    -76.2579702
    Latitude
    36.7611762

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    FAQs

    What type of property is this?
    Office building - High-quality office space with lakefront views and walking trails.
    Where is this office building located?
    The property is located at 505 Independence Pkwy Chesapeake, VA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Prime location with immediate access to I-64 and I-464.; - High-quality office space with lakefront views and walking trails.; - On-site fitness center with shower facilities.
    (757) 490-3300
    Request Owner's contact information
    505 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
    505 Independence Pkwy Chesapeake, VA 23320
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