5321 Cleveland St Virginia Beach, VA 23462
This exceptional 4,000 square foot industrial property, located at 5321 Cleveland Street in Virginia Beach, VA 23462, presents a fantastic opportunity. Currently, 3,000 square feet of space is immediately available for lease. The building, constructed in 1983, offers a versatile blend of warehouse and flex space, ideal for a variety of businesses. The space features a 12-foot ceiling height, providing ample vertical storage capacity. One loading dock simplifies loading and unloading operations. The property is zoned I-1, allowing for a range of industrial uses. Electrical service is single-phase. The building is multi-tenant, offering a collaborative environment. The available space is approximately a 50/50 split between office and warehouse areas, providing flexibility for diverse operational needs. This prime location in Virginia Beach offers easy access to major transportation routes, enhancing logistical efficiency. This is a rare opportunity to secure a well-maintained industrial space in a desirable location. Contact us today to schedule a viewing.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.