Virginia Beach Flex Space For
For Sale
$415,000
5055 Euclid Rd, Virginia Beach, VA 23462
2,065 SF flex space in Virginia Beach, B2 zoning.
Property Size2,065 SF
Price / SF$200.97
Days on Market233
Property Features for 5055 Euclid Rd
General Information
Standard status
Active
Size
2,065 SF
Property subtype
Industrial
Building Details
Building Size
2,065 SF
Year Built
1963
Listing Agency:
S.L. Nusbaum Realty Co - Corporate
Listed By:
Chris Zarpas
(757) 237-7500
Source:
Slnusbaum
Added: Feb 25
Changed: Oct 8
Last Checked: Oct 16 at 6:11AM
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 S.L. Nusbaum Realty Co - Corporate
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Investment Insights
Based on property information with market context.
This 2,065 SF industrial/flex space, zoned B2, is available for sale in Virginia Beach, VA. The property offers a versatile layout suitable for various business needs and is ideal for an owner/user. It features dock level loading and an oversized electrified pole sign. The property is centrally located in Virginia Beach and offers proximity to major transportation routes, presenting an opportunity for value appreciation. This building provides an exceptional opportunity for investors seeking a valuable addition to their portfolio in a thriving commercial real estate market.
Key Highlights
- 2,065 SF industrial/flex space
- Zoned B2, offering versatile business use
- Centrally located in Virginia Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,916
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,320
$278.3K
Cap Rate 7%
$198,800
$198.8K
Cap Rate 9%
$154,622
$154.6K
Market Conditions
NOI Build-Up for 2,065 SF
Gross rent
$22.3K $10.80/SF
− Vacancy
−$892 −$0.43/SF
EGI
$21.4K $10.37/SF
− OpEx
−$7.5K −$3.63/SF
NOI
$13.9K $6.74/SF
Area
ZIP 23462
Vacancy
4.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,320
Cap Rate 7%
$198,800
Cap Rate 9%
$154,622
Alternative Uses
Best Use
Flex RnD
$198.8K
$174.0K – $231.9K
NOI $13,916 @ 7.0% cap · market cap 3.35%
Second Best
Industrial
$193.3K
$169.1K – $225.5K
NOI $13,530 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$438.6K
$383.7K – $511.7K
NOI $30,699 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,186
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Ethnic Cuisine And Catering — 5031 Columbus St, Virginia Beach, VA 22000
- Wegmans Catering — 4721 Virginia Beach Blvd, Virginia Beach, VA 23462
Frequently Asked Questions
What type of property is this?
Flex space - 2,065 SF flex space in Virginia Beach, B2 zoning.
Where is this flex space located?
The property is located at 5055 Euclid Rd Virginia Beach, VA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,065 SF industrial/flex space; Zoned B2, offering versatile business use; Centrally located in Virginia Beach
