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    Property profile & analytics

    1301 First Colonial Rd Virginia Beach, VA 23454

    • Office buildings
    • 10,060 SF
    • 1.13 lot acres
    For Lease
    View listing
    $24,000
    Value Estimation
    Location Intelligence
    Property ID
    US87-0770705
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Center For Health And Cancer Prevention / Medical Clinic / Gastroenterologist
    • Jeremy Shulman, DDS, MS / Dental Implants Periodontist
    • Sheer Glow / Skin Care Clinic
    • Healthy Marriage Skills / Marriage Or Relationship Counselor
    • Virginia colonoscopy Berger Keith E MD / Gastroenterologist

    Property Details for 1301 First Colonial Rd

    Year built
    2000
    Construction
    FRAME
    Lot size
    1.13 lot acres
    Property size
    10,060 SF
    Zone code
    O2
    Property type
    Office buildings
    APN
    24084562360000
    APU
    24084562360000

    Description

    This exceptional medical office suite, located at 1301 First Colonial Road #101 in Virginia Beach, VA 23454, offers 400 to 1,000 square feet of versatile space perfect for a single tenant. The property is categorized as a single-tenant medical office within a larger building. The suite boasts a well-designed layout, incorporating a shared waiting area for patient comfort and convenience. A private receptionist desk ensures efficient patient management, while a dedicated procedure room provides a suitable space for examinations or treatments. A separate office offers additional space for administrative tasks or consultations. This turnkey solution is ideal for healthcare professionals seeking a professional and efficient workspace to establish or expand their practice. The suite is equipped to meet the needs of a modern medical practice. Utilities are included, simplifying operational costs. The property's location in Virginia Beach provides excellent accessibility and visibility. The latitude and longitude coordinates are 36.8689606 and -76.0325975 respectively. This is a fantastic opportunity to secure a well-appointed medical office space in a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.0327
    Latitude
    36.8689
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,642
    $756,100
    $823,900
    $1,580,000
    -
    $756,100
    $823,900
    $1,580,000

    Comparable in this City

    • Value Estimation by Request
      27,310 SF

      984 1st Colonial Rd Ste, Unit 200

      OFFICE BUILDING (MULTI-STORY) • 27,310 SF
      984 1st Colonial Rd Ste, Virginia Beach, VA 23454-3196
      View Details
    • Value Estimation by Request
      9,178 SF

      2220 Laskin Rd

      OFFICE BUILDING • 9,178 SF
      2220 Laskin Rd, Virginia Beach, VA 23454-4211
      View Details
    • Value Estimation by Request
      5,572 SF

      996 1st Colonial Rd

      OFFICE BUILDING • 5,572 SF
      996 1st Colonial Rd, Virginia Beach, VA 23454-3175
      View Details
    • Value Estimation
      $955,000
      0.26 Acres

      1864 Colonial Medical Ct

      OFFICE BUILDING • 0.26 Acres
      1864 Colonial Medical Ct, Virginia Beach, VA 23454
      View Details
    • Value Estimation
      $260,000
      2,880 SF

      1248 Culver Ln

      OFFICE BUILDING • 2,880 SF
      1248 Culver Ln, Virginia Beach, VA 23454-5710
      View Details
    • Value Estimation
      $335,000
      2,072 SF

      2212 Laskin Rd

      OFFICE BUILDING • 2,072 SF
      2212 Laskin Rd, Virginia Beach, VA 23454-4211
      View Details

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    Virginia Beach, VA 23454
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    Realmo Value Estimation

    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.

    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.

    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
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