233 Business Park Dr Virginia Beach, VA 23462
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.
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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
Similar Nearby for Lease
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.