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    1533 Volvo Pkwy Chesapeake, VA 23320

    Sponsored
    For Sale
    $5,110,000

    Class A, 12,732 SF Medical Office

    Property size:
    12,732 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A medical office building, totaling 12,732 square feet, presents a compelling investment opportunity. Situated at 1533 Volvo Parkway in Chesapeake, Virginia, zip code 23320, this two-story building boasts prime frontage on a highly trafficked thoroughfare, ensuring excellent visibility and accessibility. Constructed in 2011, the property is currently home to established dental practices, Konikoff Dentistry and Klar Holmes Orthodontics, both affiliated with Dental Care Alliance. The building is located within the Greenbrier submarket of Chesapeake, a well-established and sought-after area. Greenbrier's office market comprises approximately 3.9 million square feet, with a current vacancy rate of 8.9%, indicating a strong and stable market. The asking price for this turnkey medical office building is $5,110,000. This property offers a unique blend of established tenancy, prime location, and strong market fundamentals, making it an ideal investment for discerning buyers. The property's address is easily accessible via Volvo Parkway, offering convenient access for patients and staff. This is a rare opportunity to acquire a high-quality medical office building in a thriving market.

    Property Features for 1533 Volvo Pkwy

    General Information

    Property type
    Medical offices
    Square Feet
    12,732 SF
    Class
    A

    Building Details

    Year Built
    2011
    Stories
    2

    HighLights

    • $5,110,000 asking price.
    • Class A, 12,732 square foot medical office building.
    • Two‑story building constructed in 2011.
    • Located at 1533 Volvo Pkwy, Chesapeake, VA 23320, offering high visibility and accessibility.
    • Currently occupied by Konikoff Dentistry and Klar Holmes Orthodontics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Throckmorton Maria V ... Dentist Dr. Jason Campbell Dentist Jesse Washington Lee Oral Surgeon Dr. Nicole Reddout Dentist Dr. Jesse Lee Dentist

    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
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.2049642
    Latitude
    36.7628256

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    FAQs

    What type of property is this?
    Medical office - Class A, 12,732 SF Medical Office
    Where is this medical office located?
    The property is located at 1533 Volvo Pkwy Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $5,110,000.
    What are key features of this property?
    This property features: $5,110,000 asking price.; Class A, 12,732 square foot medical office building.; Two-story building constructed in 2011.
    Request Owner's contact information
    1533 Volvo Pkwy 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
    1533 Volvo Pkwy Chesapeake, VA 23320
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