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Office Space Near Business District

516 S Independence Blvd, Virginia Beach, VA

For Lease
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Office space with easy access to I-264.

Space Size1,193 SF
Lot Size3.48 Acres
Days on Market884

Property Features for 516 S Independence Blvd

General Information

Standard status Active
Size 1,193 SF
Lot size 3.48 Acres
Property subtype OFFICE

Spaces For Lease

at 516 S Independence Blvd
516 S Independence Blvd $15/SF/Yr
Floor 1
Size 1,193 SF
Type OFFICE
Availability AVAILABLE, Now
Sublease No
- Situated at Lake Trashmore - Close to the Virginia Beach Central Business District (CBD) without CBD lease rates - Easy access to I-264 and the Cou
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Listing Agency: Pembroke Realty Group
Listed By: Lenny Burns · License VA #0225192904
Source: Moodyscre
Added: Jun 10, 2024 Changed: Oct 25 Last Checked: Nov 8 at 7:54AM

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 Pembroke Realty Group

Rey
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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 office space is situated near Lake Trashmore and offers convenient access to I-264. It is located close to the Virginia Beach Central Business District (CBD) but without the higher lease rates typically found in the CBD. The property provides a total area of 1193 square feet, suitable for various office uses.

Key Highlights

  • Close to Virginia Beach CBD without CBD lease rates
  • Easy access to I‑264
  • Situated at Lake Trashmore

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Dr. Matthew Parvis Family Counselor Interim HealthCare of Virginia ... Home Health Care Service Anthony Vecchio, LPC Psychotherapist Mariellen Blanton, LCSW Foster Care Service Nicolas Queen, LCSW Psychotherapist

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,194
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Virginia Beach, VA

$24.12 /SF/Yr
Avg Asking Price
$4.28–$195 /SF/Yr
Price Range
4,990 SF
Avg Space Size

This space is priced 38% below the average of $24.12 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Virginia Beach, VA

$29.5 Jul
$25.29 Aug
$24.01 Sep
$24.12 Oct

Properties on Market for Office Units in Virginia Beach

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Office space with easy access to I-264.
Where is this office unit located?
The property is located at 516 S Independence Blvd Virginia Beach, VA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Close to Virginia Beach CBD without CBD lease rates; Easy access to I‑264; Situated at Lake Trashmore
(757) 490-3141 · Office Call to check price and availability
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