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Property profile

1988 Fisher Arch Virginia Beach, VA 23456

OFF-MARKET
Retail properties & Spaces
21,600 SF Built 2024
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Property summary

AI-generated overview

This exceptional new construction office building, completed in 2024, offers a prime opportunity for businesses seeking flexible and modern workspace in Virginia Beach's thriving Red Mill Trade area. Located at 1988 Fisher Arch, zip code 23456, the property boasts a total of 21,600 square feet, divisible into units as small as 1,200 square feet, with the possibility of leasing the entire building contiguously. The building features a two-story design and provides ample parking with 103 spaces. The property's strategic location offers excellent visibility and accessibility, situated next to established businesses such as Tractor Supply, Anderson's Garden Center, and Food Lion, ensuring high traffic and convenient access for employees and clients. The area benefits from strong demographics and high traffic counts, with 14,000 vehicles per day passing along Princess Anne Road and Sandbridge Road. Monument signage ensures prominent visibility for tenants. The building is ideally situated to serve the nearby Lago Mar, Sandbridge, Ashville Park, and Red Mill residential communities. This versatile space is suitable for a variety of office uses, including traditional, executive, medical, and creative office settings. Currently, the entire 21,600 square feet is available for lease.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 21,600 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1988 Fisher Arch Virginia Beach, VA 23456
Virginia Beach metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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