3204 Churchland Boulevard, Chesapeake, VA 23321
Renovated 1995 single-story office building with flexible medical or professional use, ample parking, and pylon signage.
- Added:
- Jul 3, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 4 at 2:45 am
Property Features for 3204 Churchland Boulevard
General Information
- Standard status
- Active
- Size
- 4,840 SF
- Property subtype
- Office
Listing office CBRE | Norfolk (757) 364-6441
Listing date Jul 3, 2026
Source Cbre
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 CBRE | Norfolk
HighLights
- ±4,840 SF single‑story office building on a ±1.24‑acre site with excess land for expansion
- Built in 1995 and fully renovated in 2021
- 14 private offices plus a conference room, two restrooms, kitchen, stock room, and open area
- O‑I zoning suitable for medical users, professional office, or investors
- Tenant in place until 3/31/27; $72,000 annual rent (NNN) with tenant paying all operating expenses
- Ample parking and pylon signage
Overview
The building is located in the Churchland submarket of Chesapeake, a few miles from Northern Suffolk, with convenient highway access in a suburban setting. Visibility is supported by pylon signage, and the site offers ample parking for tenant and visitor use.
The interior configuration is well-suited for medical users or professional office tenants seeking a predominantly office-focused plan. Zoned O-I, the building may also be attractive to investors or owner-operators looking for a commercial property with a current tenant in place through 3/31/27, with the tenant paying operating expenses. Please note: all rent and operating expense details are as stated in the listing remarks.
Local 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 | $116.2k | $24.00 |
| − Vacancy | −$17.4k | −$3.60 |
| EGI | $98.7k | $20.40 |
| − OpEx | −$24.7k | −$5.10 |
| NOI | $74.1k | $15.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chesapeake
- County
- Chesapeake
- State
- Virginia
- Longitude
- -76.406368
- Latitude
- 36.8657892
