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    5849 Harbour View Blvd Suffolk, VA 23435

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    For Sale
    $7,250,000

    Two-story medical office building in a rapidly growing area.

    Property size:
    22,395 SF
    Lot size:
    1.81 Acres

    Property Features for 5849 Harbour View Blvd

    General Information

    Size
    22,395 SF
    Lot size
    1.81 Acres

    Source: Divaris Real Estate - Hampton Roads Agent Jason Oliver

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

    Overview

    Harbour View Medical Office Building

    The property at 5849 Harbour View Blvd is a two-story medical office building situated in the Harbour View/North Suffolk submarket. This submarket is recognized as one of the fastest-growing areas in the region, containing 1.4 million square feet of office space with a vacancy rate of 3.9%. Constructed in 2008, the building has a total area of 22,395 square feet. It is currently 100% leased to tenants including Konikoff Dentistry (Dental Care Alliance), United Property Association, Chesapeake Regional Medical Associates, and Klar Voorhees Orthodontics (Dental Care Alliance). The property is positioned on Harbour View's main thoroughfare, offering visibility and access. The building is impeccably maintained and features modern build outs. The anchor tenant, Dental Care Alliance, was recently valued at approximately $2 billion. The weighted average lease term (WALT) is 5.24 years with no near-term rollover.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lanigan Jackie DDS Dentist Morris Mason DDS Dentist Dr. Neal A. Klar Orthodontist Klar Holmes Associates ... Orthodontist Matiolli Michele M ... Dentist

    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
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.4407483
    Latitude
    36.8731925

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    FAQs

    What type of property is this?
    Medical office - Two-story medical office building in a rapidly growing area.
    Where is this medical office located?
    The property is located at 5849 Harbour View Blvd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $7,250,000.
    What are key features of this property?
    This property features: - 100% leased to strong tenants with a WALT of 5.24 years and zero near-term rollover.; - Located in the rapidly growing Harbour View/North Suffolk submarket with a low vacancy rate (3.9%).; - Anchor tenant, Dental Care Alliance, was recently valued at approximately $2 billion.
    (757) 873-4700
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    5849 Harbour View Blvd Suffolk, VA 23435
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    Suffolk, VA 23435
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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
    5849 Harbour View Blvd Suffolk, VA 23435
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