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    2829 Shore Dr Virginia Beach, VA 23451

    Sponsored
    For Sale
    $5,670,000

    Class A, 12,571 SF Medical Office Building

    Property size:
    12,571 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A medical office building, located at 2829 Shore Drive in Virginia Beach, VA, presents a compelling investment opportunity. Built in 2005, this two-story building boasts 12,571 square feet of well-maintained space. Its prime location at the corner of Shore Drive and Great Neck Road, just a block from the Chesapeake Bay, offers unparalleled visibility and accessibility. Currently housing established medical tenants, Konikoff Dentistry (Dental Care Alliance) and Sailon Plastic Surgery, the building benefits from its position within the highly desirable Hilltop/Great Neck submarket. This submarket, known for its upscale character, comprises 1.2 million square feet of office space with a remarkably low 5% vacancy rate. The asking price for this prestigious property is $5,670,000. The building's strategic location and strong tenant occupancy make it an attractive investment for discerning buyers seeking a stable and high-performing asset in a prime Virginia Beach location. The 23451 zip code further underscores the desirability of this location. This is a rare opportunity to acquire a well-established medical office building in one of Hampton Roads' most sought-after areas.

    Property Features for 2829 Shore Dr

    General Information

    Property type
    Medical offices
    Square Feet
    12,571 SF
    Class
    A

    Building Details

    Year Built
    2005
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Konikoff Dental Associates ... Dentist Kate Perino, LME ... Skin Care Clinic Eric M Jablonka, ... Plastic Surgeon Field Marcus w ... Dentist Miranda Joshua O ... 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
    Virginia Beach
    County
    Virginia Beach
    State
    Virginia
    Longitude
    -76.0688698
    Latitude
    36.911697

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    FAQs

    What type of property is this?
    Medical office - Class A, 12,571 SF Medical Office Building
    Where is this medical office located?
    The property is located at 2829 Shore Dr Virginia Beach, VA.
    What is the asking price?
    The asking price for this property is $5,670,000.
    Request Owner's contact information
    2829 Shore Dr Virginia Beach, VA 23451
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    Virginia Beach, VA 23451
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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
    2829 Shore Dr Virginia Beach, VA 23451
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