Virginia Beach Office
760 Independence Boulevard Virginia Beach, VA 23455
760 Independence Boulevard, Virginia Beach, VA, 23455
$1,800,000
For Sale
$1,800,000
5,937 SF office building in thriving Virginia Beach area.
Property Size5,937 SF
Price / SF$303.18
Days on Market139
Property Features for 760 Independence Boulevard
General Information
- Standard status
- Active
- Size
- 5,937 SF
- Property subtype
- Office
Listing agency
The Katsias Company
(757) 285-8989
Listed by
John Katsias
(757) 285-8989
Source
Katsias
Added: Mar 5 Updated: Jul 10 at 12:58PM Checked: Jul 21 at 5:14AM
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 The Katsias Company
Investment Insights
Based on property information with market context.
An office building offering a total area of 5,937 square feet is available in Virginia Beach. The property features a modern and versatile layout, suitable for various office needs, with space for customization and expansion. The location provides high visibility and easy access. Situated in Virginia Beach, the property is located minutes away from Town Center, offering shopping, dining, and entertainment options. The oceanfront is easily accessible, providing work-life balance for potential tenants. Nearby landmarks include the Virginia Aquarium & Marine Science Center. The location offers a blend of urban convenience and coastal charm, making it an appealing investment opportunity for commercial real estate investors.
Key Highlights
- 5,937 SF building in a thriving Virginia Beach location
- Modern and versatile layout suitable for various office needs
- High visibility and easy access for tenants and clients
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 | $124.7k | $21.00 |
| − Vacancy | −$19.3k | −$3.26 |
| EGI | $105.4k | $17.75 |
| − OpEx | −$26.3k | −$4.44 |
| NOI | $79.0k | $13.31 |
5,937 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.13M
$987.7K – $1.32M
NOI $79,014 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,612 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. William P. ...
Physician
Tidewater Foot And Ankle, ...
Medical Clinic
Lisa Grant-Mcdonald
Medical Clinic
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FAQs
What type of property is this?
Office building - 5,937 SF office building in thriving Virginia Beach area.
Where is this office building located?
The property is located at 760 Independence Boulevard Virginia Beach, VA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 5,937 SF building in a thriving Virginia Beach location; Modern and versatile layout suitable for various office needs; High visibility and easy access for tenants and clients
