Furnished Office
For Sale
Contact for pricing
2-4536 Bruce Rd, Chesapeake, VA 23321
The compact workspace includes utilities, shared common areas, bathroom access, and a staffed reception area.
Property Size150 SF
Price / SF$0.05
Days on Market21
Property Features for 2-4536 Bruce Rd
General Information
Standard status
Active
Size
150 SF
Site & Location
Neighborhood
Radcliffe Meadows
Additional Details
Property Use
Office
Amenities
common areas
bathroom
waiting area with receptionist
Listing Agency:
John E. Wood Realty Inc.
(757) 488-6161
Listed By:
Sandra Wood
Source:
Exprealty
Added: Oct 15
Changed: Oct 28
Last Checked: Nov 3 at 10:25AM
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 John E. Wood Realty Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 150-square-foot office unit is available for sale and includes access to shared common areas and a bathroom. Utilities are included, and occupants can use a waiting area supported by an on-site receptionist.
The office is located at 2-4536 Bruce Rd in Chesapeake, Virginia.
The office is located at 2-4536 Bruce Rd in Chesapeake, Virginia.
Key Highlights
- 150‑square‑foot office unit
- Utilities included
- Access to shared common areas and a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,295
Suggested Prices Based on Cap Rates
Cap Rate 5%
$45,900
$45.9K
Cap Rate 7%
$32,786
$32.8K
Cap Rate 9%
$25,500
$25.5K
Market Conditions
NOI Build-Up for 150 SF
Gross rent
$3.6K $24.00/SF
− Vacancy
−$540 −$3.60/SF
EGI
$3.1K $20.40/SF
− OpEx
−$765 −$5.10/SF
NOI
$2.3K $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%
$45,900
Cap Rate 7%
$32,786
Cap Rate 9%
$25,500
Alternative Uses
Best Use
Office B
$32.8K
$28.7K – $38.3K
NOI $2,295 @ 7.0% cap · market cap 28,687.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$44.3K
$38.8K – $51.7K
NOI $3,103 @ 7.0% cap · market cap 38,787.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Explore this area
Business Placement
Demographics for 23321, VA
37,752
Population
14,836
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
95%
High-School Grad
26.7 sq mi
ZIP Area
1,414
Density / Sq Mi
$98,257
Median Household Income
$51,133
Median Earnings
$1,434
Median Rent
$352,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The compact workspace includes utilities, shared common areas, bathroom access, and a staffed reception area.
Where is this office unit located?
The property is located at 2-4536 Bruce Rd Chesapeake, VA.
What are key features of this property?
This property features: 150‑square‑foot office unit; Utilities included; Access to shared common areas and a bathroom
