Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5149-5151 Bonney Rd Virginia Beach, VA 23462
    Back to Search
    Property profile & analytics

    5149-5151 Bonney Rd, Virginia Beach, VA 23462

    View on Map
    • Warehouses
    • 62,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 5149-5151 Bonney Rd

    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional Virginia Beach commercial property, located at 5149-5151 Bonney Rd, zip code 23462, offers 62,000 square feet of flexible space ideal for a variety of businesses. The property is zoned for retail, office, and industrial uses, encompassing both executive office and warehouse subtypes. Currently, there are multiple tenancies available, with a significant 54,000 square feet of vacant space ready for immediate occupancy. Units range from a minimum of 11,000 square feet to a maximum contiguous space of 43,000 square feet, providing options for businesses of various sizes. The property's location in Virginia Beach city, Virginia, offers excellent access to major transportation routes and a thriving business community. This is a rare opportunity to secure a substantial and adaptable commercial space in a prime location. The building's versatility makes it suitable for a wide range of uses, from light industrial operations to modern office environments. With its ample square footage and strategic location, this property presents a compelling investment opportunity for businesses seeking to establish or expand their operations in the vibrant Virginia Beach market. Contact us today to learn more about leasing opportunities and explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach city
    State
    Virginia
    Longitude
    -76.1581
    Latitude
    36.8298

    Comparable in this City

    • Value Estimation by Request
      37,366 SF

      5257 Cleveland St

      Life science properties
      5257 Cleveland St, Virginia Beach, VA 23462
      View Details
    • Value Estimation by Request
      3,150 SF

      212 Expressway Ct

      Distribution properties
      212 Expressway Ct, Virginia Beach, VA 23462
      View Details
    • Value Estimation by Request
      3,328 SF

      5125 Witchduck Ct

      Distribution properties
      5125 Witchduck Ct, Virginia Beach, VA 23462
      View Details
    • Value Estimation by Request

      5321 Cleveland St

      Flex space
      5321 Cleveland St, Virginia Beach, VA 23462
      View Details
    • Value Estimation by Request
      35,157 SF

      203 Expressway Ct

      Distribution properties
      203 Expressway Ct, Virginia Beach, VA 23462
      View Details
    • Value Estimation
      $4,760,000
      85,261 SF

      5469 Greenwich Rd

      DISTRIBUTION WAREHOUSE
      5469 Greenwich Rd, Virginia Beach, VA 23462-6511
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      115,325 SF

      Industrial Property on 7.5 Acres

      Two warehouses on 7.5 acres, ideal for industrial use.
      5400 Virginia Beach Blvd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      22,800 SF

      Retail Property Near I-264

      Retail property with high traffic volume near I-264.
      385 N Witchduck Rd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      1,988 SF

      Turnkey Commercial Space For Sale

      Turnkey commercial space ideal for retail or office use.
      5759 Princess Anne Rd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      61,528 SF

      Class A Office Building

      61,528 SF Class A office building for sale.
      555 S Independence Blvd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      11,780 SF

      Virginia Beach Office Building

      Office building with 11,780 square feet of space.
      380 Cleveland Pl, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      2,013 SF

      Turn-Key Office Condo For Sale

      Move-in ready office condo in central Virginia Beach location.
      4646 Princess Anne Rd, Virginia Beach, VA 23462
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      37,366 SF

      Cleveland Street Industrial Portfolio

      Virginia Beach Office/Industrial Space Available
      5257 Cleveland St, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      3,348 SF

      Flex Units with Drive-In Capability

      Flex units with office and warehouse space for lease.
      5776 Arrowhead Dr, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      11,275 SF

      Warehouse/Industrial Site in Virginia Beach

      Proposed 11,275 SF warehouse/industrial site in Pembroke area.
      309 Aragona Blvd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      4,900 SF

      Industrial Space Available For Lease

      2850 square feet of warehouse/industrial space for lease.
      5305 Cleveland St, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      4,510 SF

      Industrial Space with Interstate Visibility

      Industrial space for rent with signage and ample parking.
      5269 Cleveland St, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Virginia Beach

      Retail property available for lease in Virginia Beach, VA.
      4753 Virginia Beach Blvd, Virginia Beach, VA 23462
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5149-5151 Bonney Rd
    Virginia Beach, VA 23462
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5149-5151 Bonney Rd, Virginia Beach, VA, 23462
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!