Office Condo with Glass Conference
660 Independence Pkwy Suite 310, Chesapeake, VA 23320
For Sale
Contact for pricing
Reception, enclosed meeting space, private work areas, and corporate-park parking are part of the suite.
Property Size1,935 SF
Price / SF$335.92
Days on Market47
Property Features for 660 Independence Pkwy Suite 310
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Condition
Asking Price
Property Use
Listing Agency:
Supreme Real Estate Group
Listed By:
Francesco Tommaso
Source:
Crexi
Added: Sep 25
Changed: Nov 8
Last Checked: Nov 10 at 6:01AM
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 Supreme Real Estate Group
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Investment Insights
Based on property information with market context.
This office condo at 660 Independence Pkwy, Suite 310, contains approximately 1,935 square feet. Its layout includes a reception area, private offices and work areas, plus a glass-enclosed conference room. Flooring and lighting have been updated, and parking is available within the corporate park.
The property is in Battlefield Corporate Park in Greenbrier, Chesapeake, with access to the Greenbrier business district and major transportation corridors.
The property is in Battlefield Corporate Park in Greenbrier, Chesapeake, with access to the Greenbrier business district and major transportation corridors.
Key Highlights
- Approximately ±1,935 SF of office space
- Glass‑enclosed conference room
- Reception area, private offices, and work areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,606
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,120
$592.1K
Cap Rate 7%
$422,943
$422.9K
Cap Rate 9%
$328,956
$329.0K
Market Conditions
NOI Build-Up for 1,935 SF
Gross rent
$46.4K $24.00/SF
− Vacancy
−$7.0K −$3.60/SF
EGI
$39.5K $20.40/SF
− OpEx
−$9.9K −$5.10/SF
NOI
$29.6K $15.30/SF
Area
Chesapeake, VA
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,120
Cap Rate 7%
$422,943
Cap Rate 9%
$328,956
Alternative Uses
Best Use
Office B
$422.9K
$370.1K – $493.4K
NOI $29,606 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$571.9K
$500.4K – $667.2K
NOI $40,031 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
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Business Placement
Demographics for 23320, VA
60,412
Population
26,131
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
93%
High-School Grad
31.7 sq mi
ZIP Area
1,906
Density / Sq Mi
$81,736
Median Household Income
$49,403
Median Earnings
$1,654
Median Rent
$323,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Reception, enclosed meeting space, private work areas, and corporate-park parking are part of the suite.
Where is this office unit located?
The property is located at 660 Independence Pkwy Suite 310 Chesapeake, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately ±1,935 SF of office space; Glass‑enclosed conference room; Reception area, private offices, and work areas
