Flex Space with Warehouse
800 Seahawk Circle Units 136 & 137, Virginia Beach, VA 23452
For Sale
Contact for pricing
Pending
A combined office and warehouse layout includes dedicated work areas and rear grade-level loading access.
Property Size2,938 SF
Days on Market59
Property Features for 800 Seahawk Circle Units 136 & 137
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Drive-In Doors
Three-Phase Power
Listing Agency:
Harvey Lindsay Commercial Real Estate
Listed By:
Bobby Beasley III, SIOR · License VA #0225148281
(757) 434-4637
Source:
Crexi
Added: Sep 17
Changed: Nov 13
Last Checked: Nov 12 at 7:43AM
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 Harvey Lindsay Commercial Real Estate
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 flex condo combines 969 SF of office area with 1,969 SF of warehouse space, for approximately 2,938 SF overall. The office portion includes three offices, a reception area, and a restroom. Two rear grade-level overhead doors measure 10' x 12' each, and the warehouse has 18' clear height. The property also has 3-phase electric and I-1 zoning.
Located at 800 Seahawk Circle in Virginia Beach, the property comprises Units 136 and 137 at Lynnway Park.
Located at 800 Seahawk Circle in Virginia Beach, the property comprises Units 136 and 137 at Lynnway Park.
Key Highlights
- Approximately 2,938 SF, including 969 SF of office and 1,969 SF of warehouse
- Two rear grade‑level overhead doors, each 10' x 12'
- 18' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,376
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,520
$467.5K
Cap Rate 7%
$333,943
$333.9K
Cap Rate 9%
$259,733
$259.7K
Market Conditions
NOI Build-Up for 2,938 SF
Gross rent
$28.6K $9.72/SF
− Vacancy
−$1.1K −$0.36/SF
EGI
$27.5K $9.36/SF
− OpEx
−$4.1K −$1.40/SF
NOI
$23.4K $7.96/SF
Area
ZIP 23452
Vacancy
3.70%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,520
Cap Rate 7%
$333,943
Cap Rate 9%
$259,733
Alternative Uses
Best Use
Warehouse
$333.9K
$292.2K – $389.6K
NOI $23,376 @ 7.0% cap · market cap 6.68%
Second Best
Flex RnD
$314.3K
$275.0K – $366.7K
NOI $22,000 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$761.5K
$666.3K – $888.5K
NOI $53,307 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,250
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 23452, VA
59,076
Population
23,455
Households
2.5
Avg Household Size
37
Median Age
35%
College-Educated
95%
High-School Grad
15.1 sq mi
ZIP Area
3,912
Density / Sq Mi
$77,327
Median Household Income
$44,009
Median Earnings
$1,571
Median Rent
$324,000
Median Home Value
Market
Properties on Market for Flex space in Virginia Beach
Vacancy Rate% for Industrial in South region
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 - A combined office and warehouse layout includes dedicated work areas and rear grade-level loading access.
Where is this flex space located?
The property is located at 800 Seahawk Circle Units 136 & 137 Virginia Beach, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 2,938 SF, including 969 SF of office and 1,969 SF of warehouse; Two rear grade‑level overhead doors, each 10' x 12'; 18' clear height
