Renovated Flex Space with
For Sale
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3322 Virginia Bch Blvd, Virginia Beach, VA 23452
Renovated flex unit with front office, private office, kitchenette, and warehouse/garage space with an 8-ft door.
Property Size1,100 SF
Price / SF$204.55
Days on Market582
Property Features for 3322 Virginia Bch Blvd
General Information
Standard status
Active
Size
1,100 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
12 ft
Warehouse Space
750 SF
Office Build-Out
400 SF
Drive-In Doors
1
Listing Agency:
Cross Realty
(757) 539-2111
Listed By:
Lee Cross
(757) 726-7653
Source:
Moodyscre
Added: Apr 1, 2025
Changed: Oct 25
Last Checked: Nov 3 at 8:56AM
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 Cross Realty
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Investment Insights
Based on property information with market context.
Renovated flex space in a strip building combining office and warehouse/garage functionality. The unit includes a 400 SF front office with a large open workspace, a private office, kitchenette, and half bath. Behind the office, the 750 SF warehouse/garage features 12-ft ceilings, an 8-ft garage door with a brand-new opener, and additional storage above the office.
The layout is well-suited for contractors, tradespeople, or small businesses that need both working space and on-site office support. The space is described as move-in ready, offering an office-and-warehouse configuration designed for day-to-day operations.
The unit provides a straightforward split between customer-facing or administrative work areas and the main workspace, supported by dedicated indoor storage above the office.
The layout is well-suited for contractors, tradespeople, or small businesses that need both working space and on-site office support. The space is described as move-in ready, offering an office-and-warehouse configuration designed for day-to-day operations.
The unit provides a straightforward split between customer-facing or administrative work areas and the main workspace, supported by dedicated indoor storage above the office.
Key Highlights
- 400 SF front office with large open workspace, private office, kitchenette, and half bath
- 750 SF warehouse/garage with 12‑ft ceilings
- 8‑ft garage door with brand‑new opener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,752
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$175,040
$175.0K
Cap Rate 7%
$125,029
$125.0K
Cap Rate 9%
$97,244
$97.2K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$10.7K $9.72/SF
− Vacancy
−$396 −$0.36/SF
EGI
$10.3K $9.36/SF
− OpEx
−$1.5K −$1.40/SF
NOI
$8.8K $7.96/SF
Area
ZIP 23452
Vacancy
3.70%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$175,040
Cap Rate 7%
$125,029
Cap Rate 9%
$97,244
Alternative Uses
Best Use
Warehouse
$125.0K
$109.4K – $145.9K
NOI $8,752 @ 7.0% cap · market cap 3.89%
Second Best
Flex RnD
$117.7K
$103.0K – $137.3K
NOI $8,237 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$285.1K
$249.5K – $332.6K
NOI $19,958 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,084
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 23452, VA
59,076
Population
23,455
Households
2.5
Avg Household Size
37
Median Age
35%
College-Educated
95%
High-School Grad
15.1 sq mi
ZIP Area
3,912
Density / Sq Mi
$77,327
Median Household Income
$44,009
Median Earnings
$1,571
Median Rent
$324,000
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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- Cattalani's — 3322 Virginia Beach Blvd, Virginia Beach, VA 23452
- Ellen's Cuisines — 3322 Virginia Beach Blvd #101A, Virginia Beach, VA 23452
- Hadassah's Cuisine — 3322 Virginia Beach Blvd #101A, Virginia Beach, VA 23452
Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex unit with front office, private office, kitchenette, and warehouse/garage space with an 8-ft door.
Where is this flex space located?
The property is located at 3322 Virginia Bch Blvd Virginia Beach, VA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 400 SF front office with large open workspace, private office, kitchenette, and half bath; 750 SF warehouse/garage with 12‑ft ceilings; 8‑ft garage door with brand‑new opener
