Chesapeake Office Building For
3207 Churchland Blvd Chesapeake, VA
For Sale
Contact for pricing
Office building with ample parking, near Route 164.
Property Size7,741 SF
Lot Size0.92 Acres
Price / SF$167.94
Days on Market534
Property Features for 3207 Churchland Blvd
General Information
Standard status
Active
Size
7,741 SF
Lot size
0.92 Acres
Property subtype
OFFICE
Listing Agency:
Kotarides Property Management
(757) 513-2500
Listed By:
Chris Good
Source:
Moodyscre
Added: Feb 10, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:14AM
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 Kotarides Property Management
Investment Insights
Based on property information with market context.
This office building, totaling 7,741 square feet, is located just off Route 164 and is approximately 10 minutes from The Port of Virginia. The property benefits from ample parking.
Key Highlights
- Ample parking available for tenants and visitors.
- Located just off Route 164 for convenient access.
- Only 10 minutes to The Port of Virginia.
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 | $185.8k | $24.00 |
| − Vacancy | −$27.9k | −$3.60 |
| EGI | $157.9k | $20.40 |
| − OpEx | −$39.5k | −$5.10 |
| NOI | $118.4k | $15.30 |
7,741 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,437 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,146 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building with ample parking, near Route 164.
Where is this office building located?
The property is located at 3207 Churchland Blvd Chesapeake, VA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Ample parking available for tenants and visitors.; Located just off Route 164 for convenient access.; Only 10 minutes to The Port of Virginia.
