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    1620 Centerville Tpke Virginia Beach, VA 23464

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    For Sale
    Contact for pricing

    12,800-14,000 SF Flex Space Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Virginia Beach investment opportunity presents 12,800 to 14,000 square feet of flexible industrial/office space at 1620 Centerville Turnpike, zip code 23464. The property features suites ranging from fully conditioned spaces (Suites 105-108, requiring purchase together) to a separately available Suite 104. Key features include one 8'x8' grade-level door per suite, a freight lift area for second-floor access, and amenities such as kitchenettes and conference/training rooms. The building boasts a steel frame with block construction, a metal standing seam roof, and 20'x20' column spacing. Electrical service is provided by multiple 200-amp panels, with natural gas warehouse heating and separate HVAC in production areas. Each unit includes two dedicated parking spaces, with shared overflow parking available. Condo dues are $300 per unit monthly, and utility fees (water/sewer) are $75 per unit monthly. A unique leasing opportunity exists with an existing tenant willing to lease two units short-term. Additionally, a portion of the space, previously subdivided for a dance studio, offers further short-term leasing potential. The property is zoned for light industrial use.

    Property Features for 1620 Centerville Tpke

    General Information

    Property type
    Flex space
    Property Profile Location Intelligence

    Current Use by Public Records

    Rocketgenius Software Company Vencam Auto Repair Car Repair And Maintenance Service Old Dominion Insulation, ... Insulation Contractor Universal Duct Cleaning Air Duct Cleaning Service Two Maids House Cleaning Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.195836285921
    Latitude
    36.787728726238

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    FAQs

    What type of property is this?
    Flex space - 12,800-14,000 SF Flex Space Available
    Where is this flex space located?
    The property is located at 1620 Centerville Tpke Virginia Beach, VA.
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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
    1620 Centerville Tpke Virginia Beach, VA 23464
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