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    113 S First Colonial Rd Virginia Beach, VA 23454

    For Sale
    $295,000

    1500 SF industrial flex unit near Hilltop and I-264.

    Property size:
    1,500 SF
    Lot size:
    3.04 Acres

    Property Features for 113 S First Colonial Rd

    General Information

    Size
    1,500 SF
    Lot size
    3.04 Acres

    Source: The Katsias Company Agent John Katsias

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

    Overview

    Industrial Flex Unit For Sale

    Located in the Trade Center Condominium complex, this 1,500 SF industrial flex unit presents an opportunity for small business owners, service providers, or investors. Zoned for commercial and industrial use, the property is situated near Hilltop, minutes from I-264 and the Oceanfront, providing access to business hubs and major traffic arteries in Virginia Beach. Constructed in 1984, the unit features steel-frame construction (Class S – Pre-Engineered Steel), offering open warehouse-style space suited for light manufacturing, storage, distribution, or workshop needs. The flexible layout and functional square footage can be customized to suit a variety of business operations.
    Location Intelligence

    Current Use by Public Records

    Big Boys Auto ... Auto Repair Shop Osb Manufacturing Screen Printer Virginia Beach Elks ... Fraternal Organization Holltech Co Machine Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -76.0234861
    Latitude
    36.8377238

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    FAQs

    What type of property is this?
    Flex space - 1500 SF industrial flex unit near Hilltop and I-264.
    Where is this flex space located?
    The property is located at 113 S First Colonial Rd Virginia Beach, VA.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - 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.**
    (757) 285-8989
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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
    113 S First Colonial Rd Virginia Beach, VA 23454
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