Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    229 Hillcrest Pkwy Chesapeake, VA 23322

    For Sale
    $5,220,000

    Two-story medical office building in high-traffic Chesapeake location.

    Property size:
    12,298 SF
    Lot size:
    1.41 Acres

    Property Features for 229 Hillcrest Pkwy

    General Information

    Size
    12,298 SF
    Lot size
    1.41 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

    Modern Medical Office Building

    The property at 229 Hillcrest Parkway is a two-story medical office building situated within the Edinburgh mixed-use development in the Southern Chesapeake submarket. Constructed in 2021, the building measures 12,298 square feet. It is located at the corner of Hillcrest Parkway and Edinburgh Parkway, benefiting from high traffic due to its proximity to retailers such as Target and Walmart. The building is currently occupied by Konikoff Dentistry and Klar Voorhees Orthodontics, both part of the Dental Care Alliance family. The submarket contains 720,000 square feet of office space, with a vacancy rate of 5.4%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Haley Julian Dentist Marni Husson Dentist Haley Paige Julian-Hill Dentist Ivy Rehab Physical ... Physical Therapist Konikoff Dental Associates ... Dentist

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Dental Office Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Mapes Rachel DVM, Edinburgh Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.2352156
    Latitude
    36.6562633

    Nearby Similar for Sale

    • $700,000
      0.13 Acres

      Versatile Chesapeake Medical/Professional Office

      Adaptable office property in prime Chesapeake location with excellent accessibility.
      3808 Poplar Hill Rd, Chesapeake, VA 23321
      View Details
    • $625,000
      5,622 SF

      Versatile Building with Seller Financing

      5,622 SF building on 0.63 acres with excellent visibility.
      928 Canal Dr, Chesapeake, VA 23323
      View Details
    • $435,000
      4,000 SF

      Mixed-Use Property Near Downtown Norfolk

      Fully rented mixed-use property with commercial and residential spaces near downtown.
      1300 Bainbridge Blvd, Chesapeake, VA 23324
      View Details
    • $499,000
      3,360 SF

      Unique Commercial Space For Sale

      Commercial space suitable for art gallery, studio, or boutique.
      3106 Western Branch Blvd, Chesapeake, VA 23321
      View Details
    • New
      $175,000
      3,200 SF

      Turnkey Restaurant and Lounge For Sale

      Established restaurant and lounge with games and seating available.
      2139 Chesapeake Dr, Chesapeake, VA 23324
      View Details
    • $170,000
      2,000 SF

      Established Cafe Business Opportunity

      Profitable cafe business for sale in prime Chesapeake location.
      1032 Volvo Pkwy, Chesapeake, VA 23320
      View Details

    FAQs

    What type of property is this?
    Medical office - Two-story medical office building in high-traffic Chesapeake location.
    Where is this medical office located?
    The property is located at 229 Hillcrest Pkwy Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $5,220,000.
    What are key features of this property?
    This property features: - High-traffic location at the corner of Hillcrest Parkway and Edinburgh Parkway, near Target and Walmart.; - Located within the successful Edinburgh mixed-use development.; - Newer construction: Developed in 2021.
    (757) 873-4700
    Request Owner's contact information
    229 Hillcrest Pkwy Chesapeake, VA 23322
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    229 Hillcrest Pkwy
    Chesapeake, VA 23322
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    229 Hillcrest Pkwy Chesapeake, VA 23322
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.