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    1140 Loretta Ln Virginia Beach, VA 23451

    For Sale
    $2,250,000

    Two new office/warehouse buildings with yard space, fully leased.

    Property size:
    11,000 SF
    Lot size:
    4.61 Acres

    Property Features for 1140 Loretta Ln

    General Information

    Size
    11,000 SF
    Lot size
    4.61 Acres

    Source: Dominion Commercial - Corporate Agent Gardner King

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

    Overview

    Office/Warehouse Industrial Buildings For Sale

    Two new freestanding office/warehouse industrial buildings, each approximately 5,500 square feet, are available for purchase. The property includes yard space and is situated on a 2.03-acre lot. The buildings are 100% leased to quality credit tenants under NNN leases. The property is located in the YES Oceana zone, which offers a reimbursement of business license tax for 10 years. Additionally, the location is within a certified HUB zone, beneficial for Federal Contractors. Additional information on Opportunity Zones is available at yesvirginiabeach.com.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    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.

    Similar Places Nearby

    Southern Storage Units, Beach outdoor storage, Ocean Front Outdoor Storage, Jack Rabbit Storage, 24 Seven Storage

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach
    State
    Virginia
    Longitude
    -75.9998025
    Latitude
    36.8409362

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    FAQs

    What type of property is this?
    Warehouse - Two new office/warehouse buildings with yard space, fully leased.
    Where is this warehouse located?
    The property is located at 1140 Loretta Ln Virginia Beach, VA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Two new +/-5,500 SF free standing office/warehouse industrial buildings with yard space; - 100% fully leased NNN quality credit tenants; - 2.03 Acres Located in the YES Oceana zone for reimbursement of business license tax for 10 years
    (855) 530-2300
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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
    1140 Loretta Ln Virginia Beach, VA 23451
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