Office Building with
New
For Sale
$1,450,000
6044 Providence Rd, Virginia Beach, VA 23464
An elevator serves both floors, with restroom facilities on each level.
Property Size5,500 SF
Price / SF$263.64
Days on Market3
Property Features for 6044 Providence Rd
General Information
Standard status
Active
Size
5,500 SF
Total Parking Spaces
25
Elevators
Yes
Property subtype
Commercial/Industrial
Zoning
B2
Additional Details
Currently Operating
Yes
Property Use
Office
Medical Specialty
dental
Amenities
communal entry foyer
handicap restroom facilities
full private bath with shower
fully equipped kitchen
dedicated EV Plug
Building Details
Building Size
5,500 SF
Year Built
2009
Buildings
1
Stories
2
Listing Agency:
Hogge Real Estate Inc
Listed By:
Wendy Hogge · License #0225104842
(804) 815-2355
Source:
Hoggerealestate
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:05PM
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 Hogge Real Estate Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,500-square-foot office building in Virginia Beach was completed in 2009 and is zoned B2. Its two floors are connected by stairs and an elevator, with a shared entry foyer and handicap-accessible restrooms on each level. The second floor also has a private bathroom with a shower, while the main level includes a kitchen. The space has accommodated a dental lab and another business and is scheduled to be vacant at settlement.
Approximately 25 parking spaces and a dedicated EV plug serve the property. The address is 6044 Providence Road, Virginia Beach, Virginia 23464.
Approximately 25 parking spaces and a dedicated EV plug serve the property. The address is 6044 Providence Road, Virginia Beach, Virginia 23464.
Key Highlights
- 5,500‑square‑foot office building completed in 2009
- B2 zoning
- Stairs and elevator connect the two floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,576
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,731,520
$1.7M
Cap Rate 7%
$1,236,800
$1.2M
Cap Rate 9%
$961,956
$962.0K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$145.2K $26.40/SF
− Vacancy
−$29.8K −$5.41/SF
EGI
$115.4K $20.99/SF
− OpEx
−$28.9K −$5.25/SF
NOI
$86.6K $15.74/SF
Area
ZIP 23464
Vacancy
20.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,731,520
Cap Rate 7%
$1,236,800
Cap Rate 9%
$961,956
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,576 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,490 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 23464, VA
75,118
Population
29,267
Households
2.6
Avg Household Size
38
Median Age
38%
College-Educated
94%
High-School Grad
16.7 sq mi
ZIP Area
4,498
Density / Sq Mi
$89,790
Median Household Income
$49,794
Median Earnings
$1,644
Median Rent
$339,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - An elevator serves both floors, with restroom facilities on each level.
Where is this office building located?
The property is located at 6044 Providence Rd Virginia Beach, VA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 5,500‑square‑foot office building completed in 2009; B2 zoning; Stairs and elevator connect the two floors
