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    516 S Independence Blvd Virginia Beach, VA 23452

    For Lease
    $15 SF/Yr ($1,491 /Mo)

    Office space with easy access to I-264.

    Property size:
    1,193 SF
    Lot size:
    3.48 Acres

    Property Features for 516 S Independence Blvd

    General Information

    Size
    1,193 SF
    Lot size
    3.48 Acres

    Source: Pembroke Realty Group Agent Lenny Burns

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

    Overview

    Office Space Near Business District

    This office space is situated near Lake Trashmore and offers convenient access to I-264. It is located close to the Virginia Beach Central Business District (CBD) but without the higher lease rates typically found in the CBD. The property provides a total area of 1193 square feet, suitable for various office uses.
    Location Intelligence

    Current Use by Public Records

    Dr. Matthew Parvis Family Counselor Interim HealthCare of Virginia ... Home Health Care Service Anthony Vecchio, LPC Psychotherapist Mariellen Blanton, LCSW Social Worker Nicolas Queen, LCSW Psychotherapist

    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
    -76.128373
    Latitude
    36.8253264

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    FAQs

    What type of property is this?
    Office space - Office space with easy access to I-264.
    Where is this office space located?
    The property is located at 516 S Independence Blvd Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Close to Virginia Beach CBD without CBD lease rates; - Easy access to I-264; - Situated at Lake Trashmore
    (757) 490-3141
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    516 S Independence Blvd Virginia Beach, VA 23452
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    Virginia Beach, VA 23452
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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
    516 S Independence Blvd Virginia Beach, VA 23452
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