Office Suite with Customizable
4420 Expressway Dr, Virginia Beach, VA 23452
For Sale
New
Contact for pricing
Newly completed Class A office space can be configured for private offices, open work areas, medical use, or a combination.
Property Size4,253 SF
Price / SF$0.00
Days on Market5
Property Features for 4420 Expressway Dr
General Information
Standard status
Size
Class
Property subtype
Additional Details
Highway Access
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Atlantic Sotheby's Intl Realty
(757) 777-9898
Listed By:
Philip Kazmierczak
(757) 340-5555
Source:
Hoggerealestate
Added: Nov 10
Last Checked: Nov 13 at 12:31PM
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 Atlantic Sotheby's Intl Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,253-square-foot office suite is in a building completed in 2025. The interior remains available for tenant-specific planning, with an estimated three to four months needed to complete the selected design and layout. Potential configurations include private offices, open workspace, medical space, or a combination of uses.
The property is near Mount Trashmore and offers immediate access to I-264. The suite is being offered for pre-leasing.
The property is near Mount Trashmore and offers immediate access to I-264. The suite is being offered for pre-leasing.
Key Highlights
- 4,253‑square‑foot office suite
- Building completed in 2025
- Estimated 3–4 months for the selected interior buildout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,263
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,260
$1.2M
Cap Rate 7%
$860,900
$860.9K
Cap Rate 9%
$669,589
$669.6K
Market Conditions
NOI Build-Up for 4,253 SF
Gross rent
$98.0K $23.04/SF
− Vacancy
−$17.6K −$4.15/SF
EGI
$80.4K $18.89/SF
− OpEx
−$20.1K −$4.72/SF
NOI
$60.3K $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%
$1,205,260
Cap Rate 7%
$860,900
Cap Rate 9%
$669,589
Alternative Uses
Best Use
Office B
$860.9K
$753.3K – $1.00M
NOI $60,263 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$964.6K – $1.29M
NOI $77,166 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,224
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office Units in Virginia Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Newly completed Class A office space can be configured for private offices, open work areas, medical use, or a combination.
Where is this office unit located?
The property is located at 4420 Expressway Dr Virginia Beach, VA.
What are key features of this property?
This property features: 4,253‑square‑foot office suite; Building completed in 2025; Estimated 3–4 months for the selected interior buildout
