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    1120 First Colonial Rd Virginia Beach, VA 23454

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    For Sale
    $3,400,000

    Medical office building near Sentara Virginia Beach General Hospital.

    Property size:
    22,290 SF
    Lot size:
    2.19 Acres

    Property Features for 1120 First Colonial Rd

    General Information

    Size
    22,290 SF
    Lot size
    2.19 Acres

    Source: Divaris Real Estate - Hampton Roads Agent Brian Devlin

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

    Overview

    First Colonial Medical Center

    The First Colonial Medical Center is located at 1120 First Colonial Road in Virginia Beach, VA. Constructed in 1970, the building is a concrete, CMU block, brick, and steel structure. The property contains approximately 22,000 square feet and is situated on a 2.19-acre lot with a rectangular shape. The building's location offers advantages for healthcare practitioners and patients. The property is positioned on a major medical corridor in close proximity to Sentara Virginia Beach General Hospital, with visibility and access.
    Location Intelligence

    Current Use by Public Records

    Rebecca Houvener Psychologist Madeleine Mccarty Physical Therapist Dr. Roshan Morbia Plastic Surgeon Virginia Plastic Surgery Plastic Surgeon Coastal Surgical Specialists: ... Surgeon

    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
    Virginia Beach
    County
    Virginia Beach
    State
    Virginia
    Longitude
    -76.0289284
    Latitude
    36.8668066

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    FAQs

    What type of property is this?
    Medical office - Medical office building near Sentara Virginia Beach General Hospital.
    Where is this medical office located?
    The property is located at 1120 First Colonial Rd Virginia Beach, VA.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: - Strategic location in close proximity to Sentara Virginia Beach General Hospital.; - Situated on a major medical corridor with excellent visibility and easy access.; - Spacious 2.19-acre lot.
    (757) 873-4700
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    1120 First Colonial Rd Virginia Beach, VA 23454
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    Virginia Beach, VA 23454
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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
    1120 First Colonial Rd Virginia Beach, VA 23454
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