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Class A Office Medical Building
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5701 Cleveland St, Virginia Beach, VA 23462

Class A office and medical building with a welcoming atrium lobby, controlled entry, and 24-hour access.

Property Size7,818 SF
Days on Market96

Property Features for 5701 Cleveland St

General Information

Standard status Active
Size 7,818 SF
Class A
Property subtype OFFICE

Additional Details

Highway Access Yes

Amenities

landscaped grounds
atrium lobby
24-hour access
controlled entry

Building Details

Parking Ratio 5 per 1,000 SF
Listing Agency: Colliers | Norfolk
Listed By: Brian Davidson
Source: Moodyscre
Added: Apr 27 Changed: Jul 29 Last Checked: Jul 30 at 2:26PM

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 Colliers | Norfolk

Investment Insights

Based on property information with market context.

This Class A office and medical building is designed with high-quality finishes and modern building systems. The property features a landscaped setting and an atrium-style lobby environment. Tenant and visitor parking is available at a generous ratio of 5 spaces per 1,000 square feet, and access is provided 24 hours a day with controlled entry.

The building offers convenient access to I-264 from the Newtown Road interchange, placing it minutes from Norfolk, Town Center, and major commercial corridors. It is also less than 0.5 miles from the I-64/I-264 interchange, supporting strong regional connectivity.

With ongoing accessibility and secure, controlled entry, the property is well-suited for office and medical users seeking a professionally managed, Class A workplace setting.

Key Highlights

  • Class A office/medical building with a welcoming atrium lobby and high‑quality finishes
  • 24‑hour access with controlled entry and modern building systems for security and convenience
  • Parking ratio of 5 spaces per 1,000 SF, with spaces free for tenants and visitors

Property Analytics

Current Use

Steven M. Dandalides, ... Physician Capstone Corporation IT Consulting Firm Dr. Felix M. ... Physician Kirven Orthopedic Group Physician Dominion Physical Therapy ... Physician

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Real Estate Agency Dental Office 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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,552
Businesses Nearby

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

Market

Lease Benchmarks for Virginia Beach, VA

$24.25 /SF/Yr
Avg Asking Price
$20–$32 /SF/Yr
Price Range
14,820 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office building - Class A office and medical building with a welcoming atrium lobby, controlled entry, and 24-hour access.
Where is this office building located?
The property is located at 5701 Cleveland St Virginia Beach, VA.
What are key features of this property?
This property features: Class A office/medical building with a welcoming atrium lobby and high‑quality finishes; 24‑hour access with controlled entry and modern building systems for security and convenience; Parking ratio of 5 spaces per 1,000 SF, with spaces free for tenants and visitors
(757) 228-1809 Call to check price and availability
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