121 Landmark Square, Virginia Beach, VA 23452
COMMERCIAL - Virginia Beach, VA
- Added:
- Jan 25, 2026
- Days on Market:
- 153
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 121 Landmark Square
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B2
- Standard status
- Active
- Size
- 5,500 SF
- Lot size
- 0.58 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6469
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Roof type
- Shingle
Listing agent James Keenan (757) 690-0439
Listing office BHHS RW Towne Realty 600 22nd Street Suite 101, Chesapeake, VA (757) 422-2200
Listing date Jan 25, 2026
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Convenient location near the Interstate and Lynnhaven Parkway.
- Multi‑use building suitable for various business purposes.
- Recently updated with a modern kitchen.
- Ample parking space available.
- Multiple conference rooms for meetings and collaboration.
- Security storage for safeguarding valuable assets.
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 | $126.7k | $23.04 |
| − Vacancy | −$22.8k | −$4.15 |
| EGI | $103.9k | $18.89 |
| − OpEx | −$26.0k | −$4.72 |
| NOI | $77.9k | $14.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach
- State
- Virginia
- Longitude
- -76.072621
- Latitude
- 36.838836
