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    1933 Edwin Dr Chesapeake, VA 23322

    Sponsored
    For Lease
    $28 SF/Yr

    Class A Medical Office Suites Available

    Lot size:
    59,482 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A medical office building, constructed in 2016, offers up to 17,389 square feet of leasable shell space. Located in Chesapeake County, with convenient access to the Chesapeake Expressway (Route 168), this property boasts a total of 59,482 square feet and provides 100 free surface parking spaces. Individual suites are available, ranging from a minimum of 7,599 square feet to a maximum contiguous space of 9,790 square feet. The building enjoys a strong tenant roster, including prominent healthcare providers such as Sentara Therapy Center, Sentara Edinburgh Diagnostic Center, Sentara Family Medicine & Pediatrics, and Sentara Cardiology Specialists. This presents a unique opportunity for medical practices seeking modern, well-located space. The landlord offers a generous contribution towards tenant build-out costs, significantly reducing upfront investment. Full-service amenities include janitorial services (excluding infectious/regulated medical waste), ensuring a clean and efficient work environment. The building's multiple tenancy structure allows for flexibility in lease terms and space requirements. This prime location and the building's modern design make it an ideal choice for medical professionals seeking to establish or expand their practice.

    Property Features for 1933 Edwin Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    59,482 SF
    Class
    A
    Total Rate
    141269.75

    Building Details

    Year Built
    2016

    Unit(s) available at that property

    Space
    Suite 102
    Size
    9,790 SF
    Rate per SF
    $28
    Space
    Suite 202
    Size
    7,599 SF
    Rate per SF
    $28

    HighLights

    • Class A, 59,482 SF medical office building in Chesapeake County.
    • Up to 17,389 SF of vacant shell space available, divisible into suites of 7,599 - 9,790 SF.
    • Convenient Chesapeake Expressway (Route 168) location.
    • Strong tenant roster including Sentara Healthcare providers.
    • 100 surface parking spaces.
    • Built in 2016.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.2306666
    Latitude
    36.6526974

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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 1933 Edwin Dr Chesapeake, VA.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Class A, 59,482 SF medical office building in Chesapeake County.; Up to 17,389 SF of vacant shell space available, divisible into suites of 7,599 - 9,790 SF.; Convenient Chesapeake Expressway (Route 168) location.
    Request Owner's contact information
    1933 Edwin Dr Chesapeake, VA 23322
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    Chesapeake, VA 23322
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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
    1933 Edwin Dr Chesapeake, VA 23322
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