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    4525 South Blvd Virginia Beach, VA 23452

    For Sale
    Contact for pricing

    62,300 SF, 96% Occupancy, High NOI

    Property size:
    62,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A office building, totaling 62,300 square feet, presents a compelling investment opportunity. Located at 4525 South Blvd, Virginia Beach, VA 23452, this stabilized property boasts a remarkable 96% occupancy rate and a strong net operating income (NOI) of $816,090. Built in 1997 and extensively renovated in 2021, including new HVAC systems and common area upgrades, the property features thirteen units across three stories within a single building situated on a 4.96-acre lot. Ample parking is provided at a generous ratio of 5 spaces per 1,000 square feet, totaling 308 spaces. The diverse tenant mix includes prominent companies such as Caterpillar and Ryan Homes, with thirteen tenants in total. The weighted average lease term (WALT) for the five largest tenants (comprising 79% of the gross leasable area) is a reassuring 5.6 years, demonstrating strong tenant retention and long-term stability. The property benefits from its prime location in the Virginia Beach CBD submarket, offering convenient access to the amenity-rich Virginia Beach Town Center and excellent visibility from I-264. This investment is further enhanced by the below-market average rent, compared to the Town Center submarket, and the overall low vacancy rate of 6.2% in this highly sought-after area of the Hampton Roads MSA. The combination of recent capital improvements, a robust tenant roster, and a favorable market position makes this a truly unique acquisition opportunity.

    Property Features for 4525 South Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    62,300 SF
    Class
    A
    Lot Size
    216,058 SF

    Building Details

    Year Built/Renovated
    1997/2021
    Buildings
    1
    Stories
    3
    Units
    13

    HighLights

    • 4525 South Boulevard, Virginia Beach, VA 23452
    • 62,330 SF building on a 4.96‑acre site
    • Parcel ID: 14776102930000; Built 1997, renovated 2021
    • I‑1 Zoning; 45' building height; Three stories
    • 308 surface parking spaces (5/1000 SF); 12 tenants with staggered lease expirations; Top 5 tenants average 5.6 years remaining lease term; NVR & Caterpillar (NYSE‑listed) comprise 32.85% of GLA.
    • Consistent rental escalations; Most tenants have base‑year OPEX adjustments; Diverse tenant mix including medical, legal, publicly traded, defense, banking, and investment firms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rafal Edwin Jay ... Personal Injury Attorney Hendrick Andrew M Attorney Perez Joseph J Attorney Goosehead Insurance - Ashby ... Insurance Agency Shuttleworth Ruloff Swain: ... Attorney

    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
    -76.1312252
    Latitude
    36.8326966

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    FAQs

    What type of property is this?
    Office Property / Space - 62,300 SF, 96% Occupancy, High NOI
    Where is this office property / space located?
    The property is located at 4525 South Blvd Virginia Beach, VA.
    What are key features of this property?
    This property features: 4525 South Boulevard, Virginia Beach, VA 23452; 62,330 SF building on a 4.96-acre site; Parcel ID: 14776102930000; Built 1997, renovated 2021
    (757) 213-4144
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    4525 South Blvd 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
    4525 South Blvd Virginia Beach, VA 23452
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