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    361 Southport Cir Virginia Beach, VA 23452

    For Lease
    $21 SF/Yr

    3,590 SF Office, Central Location

    Lot size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 3,590 square foot office space is situated in the heart of Virginia Beach's Central Business District at 361 SouthPort Circle, Suite 201. The property is part of a well-maintained, two-story Class B office building constructed in 1986, offering a total of 16,000 square feet. The building features a single elevator (Otis), ample parking with 60 spaces, and a robust security system. The space boasts a 9-foot ceiling height and is currently available for single-tenant occupancy. The building enjoys an excellent tenant mix, currently housing only three other businesses: Eastern Va. Ear Nose & Throat Specialists, Continental Realty, and Almloff Acupuncture. Utilities are provided by Dominion Energy. The property sits on a 1.14-acre lot and provides convenient access to major thoroughfares and amenities. This is a rare opportunity to secure a well-located, move-in ready office space in a thriving business district. The building's strong tenant base and desirable location make it an attractive option for businesses seeking a professional and convenient workspace. The available space offers significant potential for a variety of businesses seeking a prominent presence in Virginia Beach.

    Property Features for 361 Southport Cir

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,000 SF
    Class
    B
    Total Rate
    28000

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    3,590 SF
    Rate per SF
    $21

    HighLights

    • 3,590 SF of available traditional office space in a single‑tenant building.
    • Located in Virginia Beach's Central Business District.
    • Two‑story Class B office building built in 1986, totaling 16,000 square feet on 1.14 acres.
    • Features one Otis elevator, 60 parking spaces, and a 9‑foot ceiling height.
    • Served by Dominion Energy and includes a security system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kimberly Pasquale Otolaryngologist LO Duct Care Air Duct Cleaning Service Virginia Thermography Wellness Center Eastern Virginia Ear, ... Otolaryngologist Dr. David Leonard Otolaryngologist

    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
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.1301324
    Latitude
    36.830922

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    FAQs

    What type of property is this?
    Office Property / Space - 3,590 SF Office, Central Location
    Where is this office property / space located?
    The property is located at 361 Southport Cir Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 3,590 SF of available traditional office space in a single-tenant building.; Located in Virginia Beach's Central Business District.; Two-story Class B office building built in 1986, totaling 16,000 square feet on 1.14 acres.
    Request Owner's contact information
    361 Southport Cir Virginia Beach, VA 23452
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    Virginia Beach, VA 23452
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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
    361 Southport Cir Virginia Beach, VA 23452
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