Virginia Beach Flex Space For
5055 Euclid Rd Virginia Beach, VA 23462
5055 Euclid Rd, Virginia Beach, VA, 23462
$415,000
For Sale
$415,000
2,065 SF flex space in Virginia Beach, B2 zoning.
Property Size2,065 SF
Price / SF$200.97
Days on Market142
Property Features for 5055 Euclid Rd
General Information
- Standard status
- Active
- Size
- 2,065 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1963
Listing Agency
S.L. Nusbaum Realty Co - Corporate
(757) 237-7500
Listed by
Chris Zarpas
(757) 237-7500
Source
Slnusbaum
Added: Feb 25 Checked: Jul 17 at 7:29 am
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 S.L. Nusbaum Realty Co - Corporate
Investment Insights
Based on property information with market context.
This 2,065 SF industrial/flex space, zoned B2, is available for sale in Virginia Beach, VA. The property offers a versatile layout suitable for various business needs and is ideal for an owner/user. It features dock level loading and an oversized electrified pole sign. The property is centrally located in Virginia Beach and offers proximity to major transportation routes, presenting an opportunity for value appreciation. This building provides an exceptional opportunity for investors seeking a valuable addition to their portfolio in a thriving commercial real estate market.
Key Highlights
- 2,065 SF industrial/flex space
- Zoned B2, offering versatile business use
- Centrally located in Virginia Beach
Local Financial Insights For Flex RnD
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 | $22.3k | $10.80 |
| − Vacancy | −$892 | −$0.43 |
| EGI | $21.4k | $10.37 |
| − OpEx | −$7.5k | −$3.63 |
| NOI | $13.9k | $6.74 |
2,065 SF · lease $10.80/SF/yr · vacancy 4.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$198.8K
$174.0K – $231.9K
NOI $13,916 @ 7.0% cap · market cap 3.35%
Second Best
Industrial
$193.3K
$169.1K – $225.5K
NOI $13,530 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$438.6K
$383.7K – $511.7K
NOI $30,699 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Arc3 Gases
Big Box & Wholesale Store
Welders Rental Co
Real Estate Agency
Similar For Sale Nearby
Similar Off Market Nearby
- Wegmans Catering — 4721 Virginia Beach Blvd, Virginia Beach, VA 23462
- Ethnic Cuisine And Catering — 5031 Columbus St, Virginia Beach, VA 22000
FAQs
What type of property is this?
Flex space - 2,065 SF flex space in Virginia Beach, B2 zoning.
Where is this flex space located?
The property is located at 5055 Euclid Rd Virginia Beach, VA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,065 SF industrial/flex space; Zoned B2, offering versatile business use; Centrally located in Virginia Beach
