Flex Space with Warehouse
For Sale
Contact for pricing
800 Seahawk Circle Units 136 & 137, Virginia Beach, VA 23452
A combined office and warehouse layout includes dedicated work areas and rear grade-level loading access.
Property Size2,938 SF
Price / SF$119.13
Days on Market24
Property Features for 800 Seahawk Circle Units 136 & 137
General Information
Standard status
Active
Size
2,938 SF
Property subtype
Industrial, Office
Zoning
I-1
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
1,969 SF
Office Build-Out
969 SF
Drive-In Doors
2
Three-Phase Power
Yes
Listing Agency:
Harvey Lindsay Commercial Real Estate
Listed By:
Jonathan V. Levin · License #VA
Source:
Crexi
Added: Sep 17
Changed: Sep 26
Last Checked: Oct 9 at 7:28PM
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
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.
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
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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- I Can Cook For You, LLC — 800 S Lynnhaven Rd Suite #1, Virginia Beach, VA 23452
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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
