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    1210-1228 Progressive Dr Chesapeake, VA 23320

    For Lease
    $18 SF/Yr

    Executive Suites, Abundant Parking

    Lot size:
    49,942 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This prime Chesapeake, VA office park, known as Volvo Office Park, offers exceptional executive office space in a highly desirable location. The property comprises five buildings totaling 49,942 square feet, situated at 1210-1228 Progressive Drive, zip code 23320. The buildings feature a mix of single-story and two-story configurations, with one building approximately 12,000 square feet and four buildings approximately 10,000 square feet each. Currently, there are 3,547 square feet of vacant space available, divisible into units ranging from 1,126 to 2,421 contiguous square feet. The property is classified as Class B and boasts abundant parking for tenants and visitors. The location is well-established within the Greenbrier section of Chesapeake, offering easy access to major roadways and amenities. This multi-tenant property presents a unique opportunity for businesses seeking flexible and well-appointed office space in a thriving suburban setting. The property is located in City of Chesapeake County, Virginia. Two suites are currently available.

    Property Features for 1210-1228 Progressive Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    49,942 SF
    Class
    B
    Total Rate
    76993.92

    Building Details

    Buildings
    5
    Stories
    2

    Unit(s) available at that property

    Space
    1210 Progressive Dr - 201
    Size
    1,126 SF
    Rate per SF
    $18
    Space
    1226 Progressive Dr Suite 210
    Size
    2,421 SF
    Rate per SF
    $18

    HighLights

    • Five‑building office park in Chesapeake, VA, with attractive landscaping and exterior signage.
    • Competitive net rental rates, excluding janitorial.
    • Ample parking.
    • Common area restrooms.
    • Small suites available for lease (3,547 SF total vacancy, divisible).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    City of Chesapeake
    State
    Virginia
    Longitude
    -76.2306395
    Latitude
    36.7661615

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    FAQs

    What type of property is this?
    Office Property / Space - Executive Suites, Abundant Parking
    Where is this office property / space located?
    The property is located at 1210-1228 Progressive Dr Chesapeake, VA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Five-building office park in Chesapeake, VA, with attractive landscaping and exterior signage.; Competitive net rental rates, excluding janitorial.; Ample parking.
    Request Owner's contact information
    1210-1228 Progressive Dr Chesapeake, VA 23320
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1210-1228 Progressive Dr Chesapeake, VA 23320
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