Property profile

1421 Air Rail Ave Virginia Beach, VA 23455

OFF-MARKET
Warehouses
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Property summary

AI-generated overview

This exceptional 1,662 square foot flex space, located at 1421 Air Rail Ave in Virginia Beach, VA 23455, presents a unique opportunity for businesses seeking a blend of office and warehouse functionality. The property is situated in a prime central location within the Airport Industrial Park, offering easy access to Interstate 64 and Route 13, as well as proximity to NAB Little Creek Gate 5 and UPS. The space has been newly refurbished and features a well-designed layout. The office area encompasses 1,062 square feet, including two bathrooms and a spacious second-floor open area suitable for use as a work area or conference room. A 600 square foot shop area is also included, complete with separate HVAC for full climate control and convenient double-door access. The property is zoned light industrial (I-1), making it ideal for a variety of businesses. The lease rate is $1,517 per month, plus a $245 per month NNN fee. This single-tenant property offers a compelling combination of location, functionality, and modern amenities. The property's strategic location and versatile design make it an attractive option for businesses seeking efficient and well-appointed space in a thriving industrial area. The newly refurbished condition ensures a move-in ready environment, minimizing upfront costs and maximizing operational efficiency. This is a rare opportunity to secure a high-quality flex space in a highly desirable location.

Property profile

Verified
Property type Warehouses

Cap rate & NOI

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

Location

1421 Air Rail Ave Virginia Beach, VA 23455
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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