Flex Condo with Warehouse
1728 Virginia Beach Boulevard Virginia Beach, VA 23454
For Sale
$599,000
COMMERCIAL - Virginia Beach, VA
Property Size3,700 SF
Lot Size0.09 Acres
Price / SF$161.89
Days on Market134
Property Features for 1728 Virginia Beach Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B2
- Standard status
- Active
- Size
- 3,700 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1084
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1990
Listing Agency:
Keller Williams Capital Props.
(703) 964-1290
Listed By:
Jessica Haynes
(240) 462-7855
Added: Mar 16
Changed: Jul 22
Last Checked: Jul 27 at 3:06AM
MLS# 10625411
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.
Investment Insights
Based on property information with market context.
This flex condo totals 3,700 square feet and blends professional office space with warehouse functionality. The layout is designed as an “office-in-front, work-in-back” configuration, featuring an extended 40' height garage door plus a second roll-up drive-in door. A bonus mezzanine adds additional usable space within the warehouse portion.
The property is presented as two suites with plentiful parking. Zoning is listed as B2.
For businesses needing a compact, self-contained footprint that supports both client-facing office use and day-to-day warehouse access, this Hilltop-area flex condo is a practical fit within a total 0.09-acre site.
The property is presented as two suites with plentiful parking. Zoning is listed as B2.
For businesses needing a compact, self-contained footprint that supports both client-facing office use and day-to-day warehouse access, this Hilltop-area flex condo is a practical fit within a total 0.09-acre site.
Key Highlights
- 3,700 SF flex condo with professional office space plus warehouse space
- Extended 40' height garage door and a second roll‑up drive‑in door
- Bonus mezzanine for added storage or usable space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.3k | $21.96 |
| − Vacancy | −$12.2k | −$3.29 |
| EGI | $69.1k | $18.67 |
| − OpEx | −$17.3k | −$4.67 |
| NOI | $51.8k | $14.00 |
3,700 SF · lease $21.96/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$740.0K
$647.5K – $863.3K
NOI $51,798 @ 7.0% cap · market cap 8.65%
Second Best
Flex RnD
$435.4K
$381.0K – $507.9K
NOI $30,476 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$935.9K
$818.9K – $1.09M
NOI $65,513 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Resource Communications Inc
Telecommunications Service
VBMC - Virginia Beach ...
Medical Clinic
CoastalVA Realty
Real Estate Agency
Majorie Portable Toilet ...
Building Supply
Mr. Rooter Plumbing ...
Plumbing Service
Similar Off Market Nearby
- Baker's Crust Artisan Kitchen — 1628 Laskin Rd #704, Virginia Beach, VA 23451
- Firehouse Subs Hilltop — 1577 Laskin Rd #101, Virginia Beach, VA 23454
FAQs
What type of property is this?
Flex space - Flex condo offering combined office and warehouse space with a 40' height garage door, mezzanine, and two roll-up doors.
Where is this flex space located?
The property is located at 1728 Virginia Beach Boulevard Virginia Beach, VA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,700 SF flex condo with professional office space plus warehouse space; Extended 40' height garage door and a second roll‑up drive‑in door; Bonus mezzanine for added storage or usable space
