Office Unit Near Town
For Sale
$1,950,000
3795 Bonney Rd, Virginia Beach, VA 23452
Office unit with great visibility near Virginia Beach Town Center.
Property Size12,242 SF
Days on Market225
Property Features for 3795 Bonney Rd
General Information
Standard status
Active
Size
12,242 SF
Class
B
Property subtype
Office
Building Details
Building Size
12,242 SF
Year Built
1962
Listing Agency:
The Katsias Company
Listed By:
John Katsias
(757) 285-8989
Source:
Katsias
Added: Mar 5
Changed: Oct 6
Last Checked: Oct 16 at 7:53AM
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 The Katsias Company
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Investment Insights
Based on property information with market context.
This office unit is located within minutes of Virginia Beach Town Center. It offers good access and visibility from Virginia Beach Boulevard.
Key Highlights
- Minutes from Virginia Beach Town Center
- Great visibility from Virginia Beach Boulevard
- High accessibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,464
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,469,280
$3.5M
Cap Rate 7%
$2,478,057
$2.5M
Cap Rate 9%
$1,927,378
$1.9M
Market Conditions
NOI Build-Up for 12,242 SF
Gross rent
$282.1K $23.04/SF
− Vacancy
−$50.8K −$4.15/SF
EGI
$231.3K $18.89/SF
− OpEx
−$57.8K −$4.72/SF
NOI
$173.5K $14.17/SF
Area
ZIP 23452
Vacancy
18.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,469,280
Cap Rate 7%
$2,478,057
Cap Rate 9%
$1,927,378
Alternative Uses
Best Use
Office B
$2.48M
$2.17M – $2.89M
NOI $173,464 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.17M
$2.78M – $3.70M
NOI $222,119 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
Business Placement
Demographics for 23452, VA
59,076
Population
23,455
Households
2.5
Avg Household Size
37
Median Age
35%
College-Educated
95%
High-School Grad
15.1 sq mi
ZIP Area
3,912
Density / Sq Mi
$77,327
Median Household Income
$44,009
Median Earnings
$1,571
Median Rent
$324,000
Median Home Value
Check the figures for this property
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 - Office unit with great visibility near Virginia Beach Town Center.
Where is this office units located?
The property is located at 3795 Bonney Rd Virginia Beach, VA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Minutes from Virginia Beach Town Center; Great visibility from Virginia Beach Boulevard; High accessibility
