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    1232 Perimeter Pkwy Virginia Beach, VA 23454

    For Lease
    $24 SF/Yr

    Class A Medical Office Suites Available

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 20,000-square-foot Class A medical office building in Virginia Beach, VA, presents a unique investment opportunity. Located at 1232 Perimeter Pkwy, zip code 23454, this brick and glass structure offers multiple tenancy options within a thriving medical community. Currently, the building houses a diverse range of established medical practices, including Tidewater Physicians Multispecialty Group Internal & Family Medicine, Chesapeake Bay ENT, Oceana Sports Medicine & Orthopaedical Center, Cho Foot & Ankle Specialists, The Therapy Network, Tidewater Medical Transportation, Dynamic Health Resources, and the Department of Veterans Services. Three spaces are immediately available, ranging from 1,760 to 2,984 contiguous square feet, with a total of 7,154 square feet currently vacant. The building is situated in Lower Norfolk County and provides easy access for patients and staff. The minimum divisible space is 1,760 square feet, making it ideal for a variety of medical practices, from solo practitioners to larger groups. This prime location and established tenant base offer a strong foundation for future growth and success. The building's Class A designation reflects its high-quality construction and modern amenities. Contact us today to learn more about this exceptional opportunity to establish or expand your medical practice in a vibrant and well-established medical center.

    Property Features for 1232 Perimeter Pkwy

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Class
    A
    Total Rate
    40000

    Unit(s) available at that property

    Space
    Suite 100
    Size
    1,760 SF
    Rate per SF
    $24
    Space
    Suite 200/201
    Size
    2,410 SF
    Rate per SF
    $24
    Space
    Suite 203 / 205
    Size
    2,984 SF
    Rate per SF
    $24

    HighLights

    • Opportunity Zone Qualified Location
    • On‑site Conference Room
    • Shared Employee Break Room
    • On‑site X‑Ray Facilities
    • No Clinical Procedure Restrictions
    • Existing Primary Care Practice
    Property Profile Location Intelligence

    Current Use by Public Records

    Beach Chiropractic Chiropractor Edison Electricians of Virginia ... Electrician The Therapy Network Oceana Physical Therapy Clinic Corporate Landing Medical ... Medical Center Pendell Gregory MD Geriatrician

    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
    Virginia Beach
    County
    Lower Norfolk
    State
    Virginia
    Longitude
    -76.0133957
    Latitude
    36.7851821

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    FAQs

    What type of property is this?
    Medical office - Class A Medical Office Suites Available
    Where is this medical office located?
    The property is located at 1232 Perimeter Pkwy 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: Opportunity Zone Qualified Location; On-site Conference Room; Shared Employee Break Room
    Request Owner's contact information
    1232 Perimeter Pkwy Virginia Beach, VA 23454
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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
    1232 Perimeter Pkwy Virginia Beach, VA 23454
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