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Flex Building in Four-Building Office Complex
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230 Clearfield Ave, Virginia Beach, VA 23462

63,524± SF flex building in a four-building office/flex complex with free surface parking and quick access to I-264.

Property Size1,350 SF
Days on Market1255

Property Features for 230 Clearfield Ave

General Information

Standard status Active
Size 1,350 SF
Net Rentable 63,524 SF
Property subtype INDUSTRIAL
Lease Type SF/yr

Space & Availability

Available Space 63,524 SF
Contiguous Space 63,524 SF
Space Use Flex

Additional Details

Highway Access Yes

Building Details

Buildings 1
Building Size 63,524 SF
Listing Agency: Commonwealth Commercial
Listed By: Gresh Wall
Source: Moodyscre
Added: Feb 22, 2023 Changed: Jul 30 Last Checked: Jul 30 at 3:35AM

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 Commonwealth Commercial

Investment Insights

Based on property information with market context.

TRC Center I is a 63,524± SF flex building within a four-building office/flex complex. The property is professionally owned and managed by the Runnymede Corporation.

Centrally located in Virginia Beach, TRC Center I is just ½ mile from the I-264 and Witchduck Road interchange. The location provides convenient access to I-264, I-64, and areas throughout Hampton Roads.

The property offers free surface parking with a parking ratio of 5 spaces per 1,000 SF.

Key Highlights

  • 63,524± SF flex building
  • Part of a four‑building office/flex complex professionally owned and managed by Runnymede Corporation
  • ½ mile to the I‑264 and Witchduck Road interchange

Property Analytics

Current Use

Dr. Eric S. ... Physician Clifford David M ... Physician James Camille T Employment Agency TRC center Business Service Center Budorick Timothy E ... Physician

Suggested Use

Top Pick Restaurant Dental Office Real Estate Agency Pharmacy Building Supply Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.18 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,000
Businesses Nearby
Under-served
Demand for This Use

Demographics for 23462, VA

68,045
Population
29,729
Households
2.3
Avg Household Size
34
Median Age
31%
College-Educated
94%
High-School Grad
11.0 sq mi
ZIP Area
6,186
Density / Sq Mi
$69,680
Median Household Income
$43,613
Median Earnings
$1,652
Median Rent
$269,400
Median Home Value

Market

Lease Benchmarks for Virginia Beach, VA

$55.01 /SF/Yr
Avg Asking Price
$0.8–$141 /SF/Yr
Price Range
8,467 SF
Avg Space Size

This space is priced 74% below the average of $55.01 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - 63,524± SF flex building in a four-building office/flex complex with free surface parking and quick access to I-264.
Where is this flex space located?
The property is located at 230 Clearfield Ave Virginia Beach, VA.
What is the lease rate?
The lease rate is $14.50 SF/Yr.
What are key features of this property?
This property features: 63,524± SF flex building; Part of a four‑building office/flex complex professionally owned and managed by Runnymede Corporation; ½ mile to the I‑264 and Witchduck Road interchange
(757) 461-4732 Call to check price and availability
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