Elevator-Served Office
For Sale
$1,450,000
6044 Providence Road, Virginia Beach, VA 23464
Commercial/Industrial, Virginia Beach, VA
Property Size5,500 SF
Lot Size0.57 Acres
Price / SF$263.64
Days on Market492
Property Features for 6044 Providence Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Subdivision
ALL OTHERS AREA 46
Standard status
Active
Size
5,500 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Annual Amount
12000
Utilities
Heating system
Electric (Heating), Zoned
Cooling system
Central Air, Zoned
Amenities
communal entry foyer
handicap restroom facilities
full private bath with a shower
fully equipped kitchen
dedicated EV Plug
Building Details
Year built
2009
Roof type
Metal
Listing Agency:
The Real Estate Group
(757) 410-8500
Listed By:
Sherry Loutzenheiser
(757) 416-2750
Added: Jun 6, 2025
Changed: Oct 9
Last Checked: Oct 10 at 7:06AM
MLS# 10587269
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2009, this 5,500-square-foot office building occupies approximately 0.57 acres and is arranged across two levels. Interior features include a shared entry foyer, stair and elevator access, handicap-accessible restrooms on each floor, and a private second-level bath with shower. A full kitchen on the lower level supports staff use and meetings. The building is scheduled to be vacated at settlement.
The property includes approximately 25 parking spaces and a dedicated exterior EV plug. Zoned B2, it has electric zoned heating, central air with zoned cooling, and a metal roof. The two-level configuration and existing building systems provide a defined office framework for the next occupant or owner.
The property includes approximately 25 parking spaces and a dedicated exterior EV plug. Zoned B2, it has electric zoned heating, central air with zoned cooling, and a metal roof. The two-level configuration and existing building systems provide a defined office framework for the next occupant or owner.
Key Highlights
- 5,500‑square‑foot office building completed in 2009
- Approximately 0.57 acres with about 25 parking spaces
- Elevator and stair access serve both levels
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
Healthcare Medical
$1.04M
$905.9K – $1.21M
NOI $72,468 @ 7.0% cap · market cap 5.00%
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.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - B2-zoned office property with flexible two-level access, staff kitchen, and dedicated EV charging.
Where is this office building located?
The property is located at 6044 Providence Road 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; Approximately 0.57 acres with about 25 parking spaces; Elevator and stair access serve both levels
