Office Unit with Private
For Sale
Contact for pricing
1445 Kempsville Rd, Virginia Beach, VA 23464
Functional professional workspace in Kempsville with multiple enclosed rooms, two bathrooms, and a shower.
Property Size2,000 SF
Days on Market73
Property Features for 1445 Kempsville Rd
General Information
Standard status
Active
Size
2,000 SF
Additional Details
Utilities to Site
Yes
Office Units
1
Amenities
four private offices
two bathrooms
shower
Listing Agency:
ERA Real Estate Professionals
(757) 424-0646
Listed By:
Shawna Fisher
Source:
Exprealty
Added: Aug 4
Changed: Oct 4
Last Checked: Oct 15 at 2:39AM
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 ERA Real Estate Professionals
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot office unit at 1445 Kempsville Rd includes four private offices, two bathrooms, and a shower. The configuration provides a defined professional setting with multiple enclosed work areas and supporting facilities.
The property is located in the Kempsville area of Virginia Beach, offering a Virginia Beach address for businesses seeking office space in that area.
The property is located in the Kempsville area of Virginia Beach, offering a Virginia Beach address for businesses seeking office space in that area.
Key Highlights
- 2,000‑square‑foot office unit
- Four private offices
- Two bathrooms and one shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,482
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,640
$629.6K
Cap Rate 7%
$449,743
$449.7K
Cap Rate 9%
$349,800
$349.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$52.8K $26.40/SF
− Vacancy
−$10.8K −$5.41/SF
EGI
$42.0K $20.99/SF
− OpEx
−$10.5K −$5.25/SF
NOI
$31.5K $15.74/SF
Area
ZIP 23464
Vacancy
20.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,640
Cap Rate 7%
$449,743
Cap Rate 9%
$349,800
Alternative Uses
Best Use
Office B
$449.7K
$393.5K – $524.7K
NOI $31,482 @ 7.0% cap · market cap 1,574,100.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$625.9K
$547.7K – $730.2K
NOI $43,814 @ 7.0% cap · market cap 2,190,700.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Explore this area
Business Placement
Demographics for 23464, VA
75,118
Population
29,267
Households
2.6
Avg Household Size
38
Median Age
38%
College-Educated
94%
High-School Grad
16.7 sq mi
ZIP Area
4,498
Density / Sq Mi
$89,790
Median Household Income
$49,794
Median Earnings
$1,644
Median Rent
$339,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Functional professional workspace in Kempsville with multiple enclosed rooms, two bathrooms, and a shower.
Where is this office units located?
The property is located at 1445 Kempsville Rd Virginia Beach, VA.
What are key features of this property?
This property features: 2,000‑square‑foot office unit; Four private offices; Two bathrooms and one shower
