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Property profile & analytics
OFF-MARKET
Office Spaces

233 Business Park Dr Virginia Beach, VA 23462

18,832 SF
Property ID
Property summary
AI-generated overview

This exceptional 18,832-square-foot Class B office building presents a compelling investment opportunity in the desirable Newtown/Witchduck submarket of Virginia Beach, Virginia. Located at 233 Business Park Dr, Virginia Beach, VA 23462, this property boasts a strategic location and offers significant potential for growth. Constructed in 2004, the building is well-maintained and ready for immediate occupancy. The asking price is $3,100,000, translating to a price per square foot of $164.61. This represents a strong value proposition in the current market. The property's substantial size makes it ideal for a variety of uses, from single-tenant occupancy to multi-tenant configurations. Its executive office subtype suggests a high-quality build and finish, suitable for businesses seeking a prestigious address. The building's location within the Newtown/Witchduck submarket provides easy access to major transportation arteries, amenities, and a skilled workforce. This presents a rare opportunity to acquire a well-situated, sizable office building in a thriving Virginia Beach location. Detailed financial information and property specifics are available upon request. Don't miss this chance to secure a prime commercial asset in a highly sought-after area.

Property profile
Verified
Property type Office Spaces
Total area 18,832 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Friedman Associates Insurance Insurance Agency
  • Beth Sholom Village Nursing Home Retirement Community
  • Stephen Merritt CPA PC Accounting Firm
  • Merritt Yockey CPA Tax Preparation
  • Hand Associates, PC Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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