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    Class-A Single-Story Office Buildings Title is generated by Realmo AI

    1500 - 1540 Breezeport Way, Suffolk, VA 23435

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    Four brick-and-glass, Class-A single-story office buildings in a quiet office park with ample on-site parking.

    Type:Office
    Property size:
    62,000 SF
    Price / SF:
    $0.00/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:41 am

    Property Features for 1500 - 1540 Breezeport Way

    General Information

    Standard status
    Active
    Size
    62,000 SF
    Property subtype
    Office

    Properties For Sale

    at 1500 - 1540 Breezeport Way Contact us

    We can help!

    Listing Contact
    Krista Costa
    Krista Costa

    Listing agent Krista Costa

    Listing office Divaris Real Estate - Hampton Roads

    Listing date Jun 2, 2026

    Source Divaris

    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 Divaris Real Estate - Hampton Roads

    HighLights

    • Four Class‑A, single‑story office buildings totaling 62,000 SF with brick veneer and glass exteriors
    • Located in a quiet office park setting off Bridge Road/Route 17
    • Ample on‑site parking with 4 spaces per 1,000 RSF
    • Mixed tenant roster with many medical and professional clients
    • Situated in the Harbour View corridor

    Overview

    This offering features four Class-A, single-story office buildings constructed with brick veneer and glass. The buildings are designed for day-to-day professional use, and together total 62,000 square feet. On-site parking is supported by a measured ratio of four spaces per 1,000 RSF, helping accommodate tenant and visitor access.

    The complex is set within a quiet office park environment off Bridge Road/Route 17, positioned along the upscale Harbour View corridor. The tenant base is described as a prestigious mix of occupants, including many medical and professional clients, which underscores the property’s established fit for service-oriented businesses.

    For buyers and operators, the configuration and tenant profile suggest a strong fit for medical practices, office users, and professional service tenants seeking an attractive, lower-profile setting. The single-story format can also be appealing for organizations that value straightforward access and an efficient, campus-style presence. With multiple buildings under one ownership structure, this property may support a variety of leasing and investment strategies aligned with a mixed-tenant office environment.
    Location Intelligence

    Current Use by Public Records

    Premier Dumpsters General Contractor Musson Robert A MD Physician Edward Jones - Financial ... Financial Advisor Tidewater Lung and Sleep ... Medical Clinic Heartland Hospice Nursing Home

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.4539219
    Latitude
    36.8596357

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    FAQs

    What type of property is this?
    Office building - Four brick-and-glass, Class-A single-story office buildings in a quiet office park with ample on-site parking.
    Where is this office building located?
    The property is located at 1500 - 1540 Breezeport Way Suffolk, VA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Four Class‑A, single‑story office buildings totaling 62,000 SF with brick veneer and glass exteriors; Located in a quiet office park setting off Bridge Road/Route 17; Ample on‑site parking with 4 spaces per 1,000 RSF
    (757) 873-4700
    We can help!
    Listing Contact
    Krista Costa
    Krista Costa
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1500 - 1540 Breezeport Way, Suffolk, VA 23435
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