Industrial Warehouse with Office
1356 LONDON BRIDGE RD, Virginia Beach, VA 23453
For Sale
Contact for pricing
A warehouse-distribution facility pairs dedicated office space with grade-level loading and on-site employee amenities.
Property Size16,922 SF
Lot Size1.04 Acres
Price / SF$115.23
Days on Market35
Property Features for 1356 LONDON BRIDGE RD
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Warehouse & Industrial
Warehouse Space
Office Build-Out
Drive-In Doors
Additional Details
Opportunity Zone
Road Access
Property Use
Amenities
bathrooms
shower
conditioned break room
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Pyle Realty Inc
Listed By:
David Pyle · License VA #0225046904
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 5:38PM
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 Pyle Realty Inc
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Investment Insights
Based on property information with market context.
This 16,922-square-foot industrial building in Virginia Beach is scheduled to become available in June 2027. Built in 1987, it contains approximately 14,200 square feet of warehouse and distribution area alongside 2,722 square feet of offices. Four grade-level doors serve loading needs, and the warehouse includes a conditioned break room. The property also has three bathrooms, a shower, and approximately 24 parking spaces.
The 1.044-acre site fronts London Bridge Road for 256 feet, with reported daily traffic of approximately 25,000 vehicles. The property is zoned I-2 (Heavy Industrial), lies outside the flood zone, and is within a federally designated Opportunity Zone.
The 1.044-acre site fronts London Bridge Road for 256 feet, with reported daily traffic of approximately 25,000 vehicles. The property is zoned I-2 (Heavy Industrial), lies outside the flood zone, and is within a federally designated Opportunity Zone.
Key Highlights
- 16,922 SF building with approximately 14,200 SF of warehouse and distribution space and 2,722 SF of office space
- Four grade‑level loading doors
- 1.044‑acre site with 256 feet of frontage on London Bridge Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,637
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,692,740
$2.7M
Cap Rate 7%
$1,923,386
$1.9M
Cap Rate 9%
$1,495,967
$1.5M
Market Conditions
NOI Build-Up for 16,922 SF
Gross rent
$164.5K $9.72/SF
− Vacancy
−$6.1K −$0.36/SF
EGI
$158.4K $9.36/SF
− OpEx
−$23.8K −$1.40/SF
NOI
$134.6K $7.96/SF
Area
Virginia Beach, VA
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%
$2,692,740
Cap Rate 7%
$1,923,386
Cap Rate 9%
$1,495,967
Alternative Uses
Best Use
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,637 @ 7.0% cap · market cap 6.90%
Second Best
Industrial
$1.58M
$1.39M – $1.85M
NOI $110,877 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$4.34M
$3.80M – $5.06M
NOI $303,871 @ 7.0% cap · market cap 15.58%
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
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Current Use
Lease Details
4
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23453, VA
36,292
Population
13,056
Households
2.8
Avg Household Size
35
Median Age
33%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
3,988
Density / Sq Mi
$90,680
Median Household Income
$48,138
Median Earnings
$1,723
Median Rent
$322,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Fort Storage — 2744 Dam Neck Rd, Virginia Beach, VA 23453
- ADS Aviator 1 Warehouse — 2505 Aviator Dr, Virginia Beach, VA 23453
- Collector Car Storage of Virginia — 1441 London Bridge Rd, Virginia Beach, VA 23453
- Forcyte Records Management — 1345 Taylor Farm Rd, Virginia Beach, VA 23453
- BOS Moving — 1388 Taylor Farm Rd, Virginia Beach, VA 23453
Frequently Asked Questions
What type of property is this?
Warehouse - A warehouse-distribution facility pairs dedicated office space with grade-level loading and on-site employee amenities.
Where is this warehouse located?
The property is located at 1356 LONDON BRIDGE RD Virginia Beach, VA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 16,922 SF building with approximately 14,200 SF of warehouse and distribution space and 2,722 SF of office space; Four grade‑level loading doors; 1.044‑acre site with 256 feet of frontage on London Bridge Road
