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    816 Independence Blvd Virginia Beach, VA 23455

    • Medical offices
    • 44,910 SF
    • 3.48 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US87-3729324
    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

    • Sentara Therapy Center - Independence / Physical Therapy Clinic
    • Gulhan Adam M MD / Doctor
    • Sentara Pulmonary, Critical Care & Sleep Specialists / Sleep Clinic
    • Lo Lumsden / Nurse Practitioner
    • Catherine Anne Dalton, MD / Internist

    Property Details for 816 Independence Blvd

    Year built
    1977
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.48 lot acres
    Property size
    44,910 SF
    Zone code
    O2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    14785368320000
    APU
    14785368320000

    Description

    Bayside Medical Plaza offers exceptional second-generation medical office space for lease in a prime Virginia Beach location. This Class A building, constructed in 1977, boasts a total of 38,016 square feet, with 7,402 square feet currently vacant. Multiple tenancy options are available, ranging from a minimum of 990 square feet to a maximum contiguous space of 3,650 square feet. The property enjoys a highly convenient location on the campus of Sentara Independence, providing easy access to shopping, dining, and the Virginia Beach Town Center. Its central location on Independence Boulevard near Haygood ensures excellent visibility and accessibility. Ample, well-lit on-site parking is provided for tenants and their patients. A significant advantage for prospective tenants is the generous landlord contribution towards tenant improvement costs, making this an attractive opportunity for medical practices seeking a move-in ready space. The full-service lease includes janitorial services, excluding infectious or regulated medical waste. This is a rare opportunity to secure high-quality medical office space in a thriving Virginia Beach location. Contact us today to learn more about available suites and lease terms.

    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
    -76.1318
    Latitude
    36.8667
    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
    $47,981
    $1,103,900
    $3,742,700
    $4,846,600
    -
    $1,103,900
    $3,742,700
    $4,846,600

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    Similar Nearby for Lease

    • $17 SF/Yr
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      Bayside Medical Plaza: Lease Opportunity

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    816 Independence Blvd
    Virginia Beach, VA 23455
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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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