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    5849 Harbour View Blvd Suffolk, VA 23435

    Sponsored
    For Sale
    $8,355,000

    Class A, 22,395 SF, 100% Occupied

    Property size:
    22,395 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A medical office building, totaling 22,395 square feet, is situated at 5849 Harbour View Blvd in Suffolk, Virginia (zip code 23435). Constructed in 2008, this two-story building boasts a 100% occupancy rate with a weighted average lease term of approximately five years, minimizing near-term lease rollover risk. The property is strategically located on a major thoroughfare in the rapidly expanding Harbourview/North Suffolk submarket, an area with only 3.9% office vacancy within a total of 1.4 million square feet of office space. The building's tenant roster includes prominent medical practices such as Konikoff Dentistry (Dental Care Alliance), United Property Association, Chesapeake Regional Medical Associates, and Klar Holmes Orthodontics (Dental Care Alliance). The anchor tenant, Dental Care Alliance, recently received a valuation of approximately $2 billion, underscoring the financial strength of the tenant base. The building itself is impeccably maintained and features distinctive, modern build-outs, reflecting a high standard of quality and design. This presents a compelling investment opportunity in a high-growth market with exceptional visibility and strong demographics. The asking price is $8,355,000.

    Property Features for 5849 Harbour View Blvd

    General Information

    Property type
    Medical offices
    Square Feet
    22,395 SF
    Class
    A

    Building Details

    Year Built
    2008
    Stories
    2

    HighLights

    • Impeccably maintained medical office building with modern finishes.
    • High‑traffic location with excellent visibility and strong demographics.
    • Fully leased to creditworthy tenants, boasting a 5‑year weighted average lease term (WALT) and no immediate lease expirations.
    • Anchor tenant, Dental Care Alliance, recently received a $2 billion valuation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lanigan Jackie DDS Dentist Morris Mason DDS Dentist Dr. Neal A. Klar Orthodontist Klar Holmes Associates ... Orthodontist Matiolli Michele M ... Dentist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.4406723
    Latitude
    36.8732694

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    FAQs

    What type of property is this?
    Medical office - Class A, 22,395 SF, 100% Occupied
    Where is this medical office located?
    The property is located at 5849 Harbour View Blvd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $8,355,000.
    What are key features of this property?
    This property features: Impeccably maintained medical office building with modern finishes.; High-traffic location with excellent visibility and strong demographics.; Fully leased to creditworthy tenants, boasting a 5-year weighted average lease term (WALT) and no immediate lease expirations.
    Request Owner's contact information
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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
    5849 Harbour View Blvd Suffolk, VA 23435
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