Dental Office
1341 S Military Highway, Chesapeake, VA 23320
For Sale
New
$750,000
Commercial/Industrial, Chesapeake, VA
Property Size3,630 SF
Lot Size0.50 Acres
Price / SF$206.61
Days on Market4
Property Features for 1341 S Military Highway
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Standard status
Size
Lot size
Additional Details
Currently Operating
Property Use
Medical Specialty
Taxes and HOA fees
Tax Annual Amount
Utilities
Cooling system
Building Details
Year built
Roof type
Listing Agency:
COVA Home Realty
(757) 287-9695
Listed By:
Phi Tran
(757) 287-9595
Added: Nov 6
Changed: Nov 9
Last Checked: Nov 9 at 6:06AM
MLS# 10660949
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.
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Investment Insights
Based on property information with market context.
Configured for medical office use, this 3,630-square-foot building is currently occupied as a dental office. The 1973 structure has central air conditioning and a shingle roof, with off-street parking on a 0.5-acre parcel.
The property is at 1341 S Military Highway in Chesapeake, across from Greenbrier Kia Auto Sales. Shopping and residential areas are nearby, and the site is close to an interstate. B2 zoning is in place.
The property is at 1341 S Military Highway in Chesapeake, across from Greenbrier Kia Auto Sales. Shopping and residential areas are nearby, and the site is close to an interstate. B2 zoning is in place.
Key Highlights
- 3,630‑square‑foot medical office building currently used as a dental office
- 0.5‑acre parcel zoned B2
- Built in 1973; central air conditioning and a shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,539
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,110,780
$1.1M
Cap Rate 7%
$793,414
$793.4K
Cap Rate 9%
$617,100
$617.1K
Market Conditions
NOI Build-Up for 3,630 SF
Gross rent
$87.1K $24.00/SF
− Vacancy
−$13.1K −$3.60/SF
EGI
$74.1K $20.40/SF
− OpEx
−$18.5K −$5.10/SF
NOI
$55.5K $15.30/SF
Area
Chesapeake, VA
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,110,780
Cap Rate 7%
$793,414
Cap Rate 9%
$617,100
Alternative Uses
Best Use
Office B
$793.4K
$694.2K – $925.7K
NOI $55,539 @ 7.0% cap · market cap 7.41%
Second Best
Healthcare Medical
$739.3K
$646.9K – $862.5K
NOI $51,749 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.07M
$938.7K – $1.25M
NOI $75,097 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23320, VA
60,412
Population
26,131
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
93%
High-School Grad
31.7 sq mi
ZIP Area
1,906
Density / Sq Mi
$81,736
Median Household Income
$49,403
Median Earnings
$1,654
Median Rent
$323,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Mitchell Thomas DVM — 1813 Greenbrier Pkwy A, Chesapeake, VA 23320
Frequently Asked Questions
What type of property is this?
Medical Office Space - The 0.5-acre property is zoned B2 and has off-street parking.
Where is this medical office space located?
The property is located at 1341 S Military Highway Chesapeake, VA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,630‑square‑foot medical office building currently used as a dental office; 0.5‑acre parcel zoned B2; Built in 1973; central air conditioning and a shingle roof
