Multi-Tenant Professional Office
4169 Virginia Beach Blvd Virginia Beach, VA 23452
For Sale
Contact for pricing
Well-maintained, two-building office property totaling approximately 9,956 square feet and currently 100% leased.
Property Size9,956 SF
Price / SF$195.86
Days on Market30
Property Features for 4169 Virginia Beach Blvd
General Information
Standard status
Active
Size
9,956 SF
Property subtype
OFFICE
Listing Agency:
Cushman & Wakefield | Thalhimer - Virginia Beach
(757) 213-3084
Listed By:
Grace Altamura
Source:
Moodyscre
Added: Jun 30
Changed: Jul 26
Last Checked: Jul 28 at 3:24PM
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 Cushman & Wakefield | Thalhimer - Virginia Beach
Investment Insights
Based on property information with market context.
Thalia Professional Center is a well-maintained, multi-tenant office property featuring two buildings totaling approximately 9,956 square feet. The offering is currently 100% leased to a mix of professional and medical tenants.
Located on Virginia Beach Boulevard in Virginia Beach, the center is positioned as a highly visible, centrally located office asset.
This is a turnkey, income-producing property suited for buyers seeking an owned portfolio of leased office space, with potential flexibility for an owner/user as needs change.
Located on Virginia Beach Boulevard in Virginia Beach, the center is positioned as a highly visible, centrally located office asset.
This is a turnkey, income-producing property suited for buyers seeking an owned portfolio of leased office space, with potential flexibility for an owner/user as needs change.
Key Highlights
- Two‑building office property totaling approximately 9,956 SF
- Currently 100% leased to a mix of professional and medical tenants
- Well‑maintained multi‑tenant office center
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 | $229.4k | $23.04 |
| − Vacancy | −$41.3k | −$4.15 |
| EGI | $188.1k | $18.89 |
| − OpEx | −$47.0k | −$4.72 |
| NOI | $141.1k | $14.17 |
9,956 SF · lease $23.04/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.02M
$1.76M – $2.35M
NOI $141,073 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,642 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained, two-building office property totaling approximately 9,956 square feet and currently 100% leased.
Where is this office building located?
The property is located at 4169 Virginia Beach Blvd 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: Two‑building office property totaling approximately 9,956 SF; Currently 100% leased to a mix of professional and medical tenants; Well‑maintained multi‑tenant office center
