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    700 Independence Cir Virginia Beach, VA 23455

    Sponsored
    For Lease
    $24 SF/Yr

    Virginia Beach medical suites, 1,377-2,827 SF

    Lot size:
    17,353 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional three-story medical office building, totaling 17,353 square feet, is situated in the desirable Virginia Beach location at 700 Independence Cir, zip code 23455. Built in 1984, the property offers a unique opportunity for medical professionals seeking prime waterfront space. The building consists of a single structure with multiple tenancies, providing flexibility for various practice sizes. Two contiguous suites are currently available, each ranging from a minimum of 1,377 square feet to a maximum of 2,827 square feet. These spaces can be combined to accommodate larger practices requiring more expansive areas. The building's waterfront location offers stunning views and a prestigious address, enhancing the overall appeal and potential for attracting patients. Both available units are ready for occupancy beginning January 1st, 2025. This presents a rare chance to secure established medical office space in a highly sought-after Virginia Beach location. The property's convenient location and modern amenities make it an ideal setting for a thriving medical practice.

    Property Features for 700 Independence Cir

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,353 SF
    Total Rate
    34706

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    2D
    Size
    1,450 SF
    Rate per SF
    $24
    Space
    2C
    Size
    1,377 SF
    Rate per SF
    $24

    HighLights

    • High‑visibility location on Lakeshore Drive with excellent street frontage.
    • Modern, well‑maintained building offering 10,000 square feet of leasable space.
    • Ideal for medical or dental practices, featuring ample on‑site parking.
    • Strong tenant base with long‑term leases in place, providing stable income.
    • Strategic location near major hospitals and medical facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    IMA Medical Building Medical Clinic Powers Steven B ... Obstetrician-Gynecologist Dr. Danielle J. ... Pediatrician Adams Marlene J Marriage Or Relationship Counselor Amrish Dasharath Patel Dentist

    Suggested Use

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

    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
    -76.131975
    Latitude
    36.8606756

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    FAQs

    What type of property is this?
    Medical office - Virginia Beach medical suites, 1,377-2,827 SF
    Where is this medical office located?
    The property is located at 700 Independence Cir Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location on Lakeshore Drive with excellent street frontage.; Modern, well-maintained building offering 10,000 square feet of leasable space.; Ideal for medical or dental practices, featuring ample on-site parking.
    Request Owner's contact information
    700 Independence Cir Virginia Beach, VA 23455
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    Virginia Beach, VA 23455
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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
    700 Independence Cir Virginia Beach, VA 23455
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