Cancer Treatment Center Near
For Sale
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6251 E Virginia Beach Boulevard, Norfolk, VA 23502
Class A cancer treatment center near Sentara Leigh Hospital.
Property Size251,183 SF
Days on Market238
Property Features for 6251 E Virginia Beach Boulevard
General Information
Standard status
Active
Size
251,183 SF
Class
A
Property subtype
Office
Lease Term
NNN
Site & Location
Neighborhood
Kempsville
Building Details
Building Size
251,183 SF
Properties For Sale
at 6251 E Virginia Beach Boulevard Contact usFifth Floor Suite
Size
29,770 SF
Term
Negotiable
Fourth Floor Suite
Size
10,511 SF
Term
Negotiable
Fourth Floor Suite
Size
3,045 SF
Term
Negotiable
Listed By:
John M. Profilet, SIOR · License #225041020
(757) 679-3278
Source:
Slnusbaum
Added: Mar 6
Changed: Oct 26
Last Checked: Oct 28 at 6:57AM
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 John M. Profilet, SIOR
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Investment Insights
Based on property information with market context.
This Class A cancer treatment center serves over 700 people daily and is situated on the campus of Sentara Leigh Hospital, a 250-bed, full-service hospital specializing in orthopedic, cardiac, advanced imaging, general surgical, gynecological, obstetrical, and comprehensive breast care services. The facility is a patient-centered and clinically advanced destination. The property benefits from a 600-vehicle parking deck and first class property management. It offers quick access to I-64 and I-264 and is in close proximity to multiple modes of public transportation that includes the Newtown Road Light Rail Station and HRT Bus Routes 22 and 27.
Key Highlights
- Class A cancer treatment center serving over 700 people daily.
- Situated on the campus of Sentara Leigh Hospital.
- 600‑vehicle parking deck available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,874,639
Suggested Prices Based on Cap Rates
Cap Rate 5%
$57,492,780
$57.5M
Cap Rate 7%
$41,066,271
$41.1M
Cap Rate 9%
$31,940,433
$31.9M
Market Conditions
NOI Build-Up for 251,183 SF
Gross rent
$5.12M $20.40/SF
− Vacancy
−$333.1K −$1.33/SF
EGI
$4.79M $19.07/SF
− OpEx
−$1.92M −$7.63/SF
NOI
$2.87M $11.44/SF
Area
Norfolk, VA
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$57,492,780
Cap Rate 7%
$41,066,271
Cap Rate 9%
$31,940,433
Alternative Uses
Best Use
Healthcare Medical
$41.07M
$35.93M – $47.91M
NOI $2,874,639 @ 7.0% cap · market cap 11,967,689.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$53.28M
$46.62M – $62.17M
NOI $3,729,935 @ 7.0% cap · market cap 15,528,455.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,749
Businesses Nearby
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Business Placement
Demographics for 23502, VA
20,547
Population
8,839
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,075
Density / Sq Mi
$66,467
Median Household Income
$37,213
Median Earnings
$1,335
Median Rent
$244,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Class A cancer treatment center near Sentara Leigh Hospital.
Where is this medical center located?
The property is located at 6251 E Virginia Beach Boulevard Norfolk, VA.
What are key features of this property?
This property features: Class A cancer treatment center serving over 700 people daily.; Situated on the campus of Sentara Leigh Hospital.; 600‑vehicle parking deck available.
