Class A Office
For Sale
Contact for pricing
4525 Main Street, Virginia Beach, VA 23462
Fifteen-story office property with attached structured parking and electric vehicle charging stations.
Property Size230,000 SF
Days on Market137
Property Features for 4525 Main Street
General Information
Standard status
Active
Size
230,000 SF
Class
A
Total Parking Spaces
850
Property subtype
Office
Lease Term
Full Service
Amenities
electric charging stations
Building Details
Building Size
230,000 SF
Buildings
1
Stories
15
Construction
brick and glass
Tenancy
Multi
Listed By:
Michael Divaris, SIOR
(757) 497-2113
Source:
Divaris
Added: Jun 2
Changed: Sep 1
Last Checked: Oct 16 at 8:09AM
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 Michael Divaris, SIOR
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Investment Insights
Based on property information with market context.
This 15-story Class A office building features a brick-and-glass exterior and LEED® Silver certification. The property includes an attached structured parking garage serving tenants and guests, with parking located on levels 2–6 and 850 spaces overall. Two electric charging stations are available for tenant use.
The building occupies the northwest corner of Town Center in Virginia Beach’s central business district, across from The Cosmopolitan apartment building. It contributes to a Town Center office district totaling 1 million square feet of Class A office space.
The building occupies the northwest corner of Town Center in Virginia Beach’s central business district, across from The Cosmopolitan apartment building. It contributes to a Town Center office district totaling 1 million square feet of Class A office space.
Key Highlights
- 15‑story Class A brick‑and‑glass office building
- LEED® Silver certification
- Attached garage with 850 parking spaces on levels 2–6
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,920,253
Suggested Prices Based on Cap Rates
Cap Rate 5%
$58,405,060
$58.4M
Cap Rate 7%
$41,717,900
$41.7M
Cap Rate 9%
$32,447,256
$32.4M
Market Conditions
NOI Build-Up for 230,000 SF
Gross rent
$4.55M $19.80/SF
− Vacancy
−$660.3K −$2.87/SF
EGI
$3.89M $16.93/SF
− OpEx
−$973.4K −$4.23/SF
NOI
$2.92M $12.70/SF
Area
ZIP 23462
Vacancy
14.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$58,405,060
Cap Rate 7%
$41,717,900
Cap Rate 9%
$32,447,256
Alternative Uses
Best Use
Office B
$41.72M
$36.50M – $48.67M
NOI $2,920,253 @ 7.0% cap · market cap 7,122,568.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$48.85M
$42.74M – $56.99M
NOI $3,419,309 @ 7.0% cap · market cap 8,339,778.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,491
Businesses Nearby
Explore this area
Business Placement
Demographics for 23462, VA
68,045
Population
29,729
Households
2.3
Avg Household Size
34
Median Age
31%
College-Educated
94%
High-School Grad
11.0 sq mi
ZIP Area
6,186
Density / Sq Mi
$69,680
Median Household Income
$43,613
Median Earnings
$1,652
Median Rent
$269,400
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 building - Fifteen-story office property with attached structured parking and electric vehicle charging stations.
Where is this office building located?
The property is located at 4525 Main Street Virginia Beach, VA.
What are key features of this property?
This property features: 15‑story Class A brick‑and‑glass office building; LEED® Silver certification; Attached garage with 850 parking spaces on levels 2–6
