End Unit Office Warehouse
800 Seahawk Cir #138 Virginia Beach, VA 23452
For Sale
Contact for pricing
End unit flex layout with separate HVAC for each office floor and a rear grade level roll-up door with drive-aisle access.
Property Size1,925 SF
Price / SF$148
Days on Market58
Property Features for 800 Seahawk Cir #138
General Information
Standard status
Active
Size
1,925 SF
Property subtype
Industrial, Office
Building Details
Year Built
1987
Listing Agency:
The Katsias Company
Listed By:
Brian C. Baker · License #0225101286
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 29 at 10:49AM
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 The Katsias Company
Investment Insights
Based on property information with market context.
This well maintained two-story end unit office warehouse condo offers a combined office and light warehouse setup designed for mixed work needs. The office portion includes three large offices, one large office/reception area, a conference room, and two restrooms with one restroom on each floor. Separate HVAC systems serve each office floor for more consistent, controllable comfort. The warehouse includes a rear grade level roll-up door, while the building also features front and rear exterior entrance doors. Additional mezzanine space of approximately 500 SF is available above the 544 SF warehouse, and it is not included in the stated total square footage. Three-phase electric is also in place.
The property is centrally located in the Virginia Beach Lynnhaven submarket. It provides drive aisle access to the rear roll-up door, supporting straightforward loading and unloading directly from the warehouse area.
For tenants or buyers seeking a compact headquarters-and-warehouse configuration, this condo-style asset can support office operations above while maintaining practical warehouse access for receiving, storage, or light distribution. The end unit positioning and rear roll-up door access are well suited for businesses that need both client-facing office space and convenient back-of-house movement.
The property is centrally located in the Virginia Beach Lynnhaven submarket. It provides drive aisle access to the rear roll-up door, supporting straightforward loading and unloading directly from the warehouse area.
For tenants or buyers seeking a compact headquarters-and-warehouse configuration, this condo-style asset can support office operations above while maintaining practical warehouse access for receiving, storage, or light distribution. The end unit positioning and rear roll-up door access are well suited for businesses that need both client-facing office space and convenient back-of-house movement.
Key Highlights
- Two‑story end unit office warehouse condo built in 1987 in the Virginia Beach Lynnhaven submarket
- Separate HVAC systems for each office floor
- Rear grade level roll‑up door with drive‑aisle access, plus front and rear entry doors
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.7k | $9.72 |
| − Vacancy | −$692 | −$0.36 |
| EGI | $18.0k | $9.36 |
| − OpEx | −$2.7k | −$1.40 |
| NOI | $15.3k | $7.96 |
1,925 SF · lease $9.72/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Office B
$389.7K
$341.0K – $454.6K
NOI $27,276 @ 7.0% cap · market cap 9.57%
Second Best
Warehouse
$218.8K
$191.5K – $255.3K
NOI $15,316 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$499.0K
$436.6K – $582.1K
NOI $34,927 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- I Can Cook For You, LLC — 800 S Lynnhaven Rd Suite #1, Virginia Beach, VA 23452
- Da Real Chef E — 800 S Lynnhaven Rd Suite #1, Virginia Beach, VA 23452
Frequently Asked Questions
What type of property is this?
Flex space - End unit flex layout with separate HVAC for each office floor and a rear grade level roll-up door with drive-aisle access.
Where is this flex space located?
The property is located at 800 Seahawk Cir #138 Virginia Beach, VA.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Two‑story end unit office warehouse condo built in 1987 in the Virginia Beach Lynnhaven submarket; Separate HVAC systems for each office floor; Rear grade level roll‑up door with drive‑aisle access, plus front and rear entry doors
