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    816 Independence Blvd Virginia Beach, VA 23455

    Sponsored
    For Lease
    $17 SF/Yr

    Medical Office Suites, Virginia Beach

    Lot size:
    38,016 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Bayside Medical Plaza offers exceptional second-generation medical office space for lease in a prime Virginia Beach location. This Class A building, constructed in 1977, boasts a total of 38,016 square feet, with 7,402 square feet currently vacant. Multiple tenancy options are available, ranging from a minimum of 990 square feet to a maximum contiguous space of 3,650 square feet. The property enjoys a highly convenient location on the campus of Sentara Independence, providing easy access to shopping, dining, and the Virginia Beach Town Center. Its central location on Independence Boulevard near Haygood ensures excellent visibility and accessibility. Ample, well-lit on-site parking is provided for tenants and their patients. A significant advantage for prospective tenants is the generous landlord contribution towards tenant improvement costs, making this an attractive opportunity for medical practices seeking a move-in ready space. The full-service lease includes janitorial services, excluding infectious or regulated medical waste. This is a rare opportunity to secure high-quality medical office space in a thriving Virginia Beach location. Contact us today to learn more about available suites and lease terms.

    Property Features for 816 Independence Blvd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,016 SF
    Class
    A
    Total Rate
    55440

    Building Details

    Year Built
    1977

    Unit(s) available at that property

    Space
    Suite 3-L
    Size
    990 SF
    Rate per SF
    $17
    Space
    Suite 2-D
    Size
    1,091 SF
    Rate per SF
    $17
    Space
    Suite 3-H
    Size
    3,650 SF
    Rate per SF
    $17
    Space
    Suite 1-A
    Size
    1,671 SF
    Rate per SF
    $17

    HighLights

    • Class A, 38,016 SF medical office building in Virginia Beach.
    • Multiple suites available, ranging from 990 SF to 3,650 SF contiguous; 7,402 SF currently vacant.
    • Located on the Sentara Independence campus, near shopping, restaurants, and Virginia Beach Town Center.
    • Ample on‑site parking.
    • Landlord offers generous tenant improvement allowance.
    • Full‑service lease includes janitorial services (excluding infectious/regulated medical waste).
    Property Profile Location Intelligence

    Current Use by Public Records

    Sentara Therapy Center ... Physical Therapy Clinic Gulhan Adam M ... Doctor Sentara Pulmonary, Critical ... Sleep Clinic Lo Lumsden Nurse Practitioner Catherine Anne Dalton, ... Internist

    Suggested Use

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

    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
    -76.1319552
    Latitude
    36.8671819

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    FAQs

    What type of property is this?
    Medical office - Medical Office Suites, Virginia Beach
    Where is this medical office located?
    The property is located at 816 Independence Blvd Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Class A, 38,016 SF medical office building in Virginia Beach.; Multiple suites available, ranging from 990 SF to 3,650 SF contiguous; 7,402 SF currently vacant.; Located on the Sentara Independence campus, near shopping, restaurants, and Virginia Beach Town Center.
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    Virginia Beach, VA 23455
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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
    816 Independence Blvd Virginia Beach, VA 23455
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