End Unit Office
For Sale
Contact for pricing
800 Seahawk Cir, Virginia Beach, VA 23452
End unit office warehouse with rear overhead door, multiple offices, and two HVAC systems, zoned I-1.
Property Size1,925 SF
Price / SF$148
Days on Market154
Property Features for 800 Seahawk Cir
General Information
Standard status
Active
Size
1,925 SF
Property subtype
INDUSTRIAL
Zoning
I-1
Additional Details
HOA Fee
$190
Three-Phase Power
Yes
Listing Agency:
The Katsias Company
(757) 490-3585
Listed By:
Brian Baker · License #0225101286
(757) 448-8120
Source:
Moodyscre
Added: Jun 3
Changed: Oct 26
Last Checked: Nov 3 at 8:39AM
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
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 end unit office warehouse includes approximately 1,925 SF of flexible workspace with a dedicated office buildout. The layout features three offices, a large reception/office area, and a conference room, along with two bathrooms (one downstairs and one upstairs). The unit is served by two separate HVAC systems with gas heat and includes 3-phase electric power. A rear-facing overhead door supports warehouse access.
The property is zoned I-1. It is part of a condo arrangement with a stated monthly condo fee of $190.00 that covers water, sewage, trash, exterior and common area maintenance, and roof.
Key operational features include the rear overhead door for loading and the dedicated office areas for staff and client meetings, supported by the dual HVAC systems and conference room.
The property is zoned I-1. It is part of a condo arrangement with a stated monthly condo fee of $190.00 that covers water, sewage, trash, exterior and common area maintenance, and roof.
Key operational features include the rear overhead door for loading and the dedicated office areas for staff and client meetings, supported by the dual HVAC systems and conference room.
Key Highlights
- Approximately 1,925 SF end unit office warehouse
- Three offices plus large reception/office area and conference room
- Two bathrooms, one downstairs and one upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,316
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,320
$306.3K
Cap Rate 7%
$218,800
$218.8K
Cap Rate 9%
$170,178
$170.2K
Market Conditions
NOI Build-Up for 1,925 SF
Gross rent
$18.7K $9.72/SF
− Vacancy
−$692 −$0.36/SF
EGI
$18.0K $9.36/SF
− OpEx
−$2.7K −$1.40/SF
NOI
$15.3K $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%
$306,320
Cap Rate 7%
$218,800
Cap Rate 9%
$170,178
Alternative Uses
Best Use
Warehouse
$218.8K
$191.5K – $255.3K
NOI $15,316 @ 7.0% cap · market cap 5.38%
Second Best
Flex RnD
$205.9K
$180.2K – $240.2K
NOI $14,414 @ 7.0% cap · market cap 5.06%
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.
How Realmo checks its estimates
Property Analytics
Current Use
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
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - End unit office warehouse with rear overhead door, multiple offices, and two HVAC systems, zoned I-1.
Where is this flex space located?
The property is located at 800 Seahawk Cir 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: Approximately 1,925 SF end unit office warehouse; Three offices plus large reception/office area and conference room; Two bathrooms, one downstairs and one upstairs
