2500 E Washington St, Suffolk, VA
Adaptable space with high ceilings, ample parking, and prime location.
- Added:
- Jun 20, 2023
- Days on Market:
- 1091
- Last Refresh:
- May 20 at 9:48 pm
Property Features for 2500 E Washington St
General Information
- Standard status
- Active
- Size
- 39,470 SF
- Lot size
- 9.13 Acres
- Property subtype
- SPECIALTY
Listing agent Tom Dana License #0225030036 (757) 718-2583
Listing office Cushman & Wakefield | Thalhimer - Virginia Beach (757) 718-2583
Listing date Jun 20, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Thalhimer - Virginia Beach
HighLights
- Great location with easy access from Portsmouth Blvd (460) Business or Downtown
- Top quality interior and exterior finishes with abundant parking
- Combination of offices and open space
- Large open area with 30’ ceiling
- Lease or sale options available
- Zoned RLM
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $729.4k | $18.48 |
| − Vacancy | −$153.2k | −$3.88 |
| EGI | $576.2k | $14.60 |
| − OpEx | −$144.1k | −$3.65 |
| NOI | $432.2k | $10.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Suffolk
- County
- Suffolk
- State
- Virginia
- Longitude
- -76.5526
- Latitude
- 36.7387
