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    5257 Cleveland St Virginia Beach, VA 23462

    Sponsored
    For Lease
    $13 SF/Yr

    Virginia Beach Office/Industrial Space Available

    Lot size:
    37,366 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Virginia Beach property, located at 5269 Cleveland Street, offers a diverse portfolio of office and industrial spaces totaling 37,366 square feet across two buildings. The property features a variety of suite sizes, ranging from a minimum of 1,173 square feet to a maximum contiguous space of 9,234 square feet, accommodating diverse business needs. Built in 1987, the two-story building boasts 12-foot ceilings in the production/shop areas and features convenient amenities including an elevator, five drive-in doors, and four loading docks. The property benefits from excellent interstate visibility and ample surface parking. Currently, there are multiple suites available, with customizable floor plans to meet tenant requirements. The zoning is I-1 (Light Industrial), and the lease rate is $13.00 per square foot, NNN, with an operating expense of $2.40 per square foot. The property's strategic location within the Cleveland Industrial submarket of Virginia Beach, VA (zip code 23462) provides easy access to major transportation routes. This versatile property is ideal for businesses seeking flexible and functional space in a prime location.

    Property Features for 5257 Cleveland St

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,366 SF
    Total Rate
    40479.83

    Building Details

    Year Built
    1987
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Suite-108 & 208
    Size
    9,234 SF
    Rate per SF
    $13
    Space
    Suite 101
    Size
    3,286 SF
    Rate per SF
    $13
    Space
    Suite 201
    Size
    3,354 SF
    Rate per SF
    $13
    Space
    Suite 108
    Size
    4,724 SF
    Space
    Suite 208
    Size
    4,510 SF
    Space
    Suite 202
    Size
    1,173 SF
    Rate per SF
    $13
    Space
    floor 5269- Suite 102
    Size
    1,468 SF
    Rate per SF
    $13

    HighLights

    • 5269 Cleveland Street, Virginia Beach, VA 23462.
    • Multiple suites available, ranging from 3,286 to 4,724 square feet, with customizable floor plans.
    • 37,366 square feet of office and industrial space in two buildings.
    • Features include 8‑12' clear height ceilings, elevator, five 10'x10' drive‑in doors, and four loading docks.
    • Excellent interstate visibility and ample surface parking.
    • I‑1 (Light Industrial) zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    MidAtlantic Surveying And Land ... Land Surveyor Data Cable Technologies Telecommunications Contractor Collins Engineers Engineer Guernsey, Inc. Office Supply Store Capital Mortgage Mortgage Lender

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -76.1632455
    Latitude
    36.8427269

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    FAQs

    What type of property is this?
    Life science property - Virginia Beach Office/Industrial Space Available
    Where is this life science property located?
    The property is located at 5257 Cleveland St Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $0.00-$13 SF/Yr.
    What are key features of this property?
    This property features: 5269 Cleveland Street, Virginia Beach, VA 23462.; Multiple suites available, ranging from 3,286 to 4,724 square feet, with customizable floor plans.; 37,366 square feet of office and industrial space in two buildings.
    Request Owner's contact information
    5257 Cleveland St Virginia Beach, VA 23462
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    Virginia Beach, VA 23462
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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
    5257 Cleveland St Virginia Beach, VA 23462
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