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    Property profile & analytics

    5511 Princess Anne Rd Virginia Beach, VA 23462

    • Office buildings
    • 16,980 SF
    • 1.49 lot acres
    For Lease
    View listing
    $240 SF/Yr
    Value Estimation
    $1,710,000
    Last Sale
    Jan 10, 2022
    $1,800,000
    Location Intelligence
    Property ID
    US87-0101547
    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

    • Dr. Delia Perez, DDS / Doctor
    • Long & Foster Property Management Lynnhaven, VA / Property Management Company
    • D. Barry Iacono and Associates / Tax Preparation Service / Financial Planner
    • Patricia James / Dentist / Practitioner Service Location
    • Retinal consultants / Optometrist

    Property Details for 5511 Princess Anne Rd

    Year built
    1987
    Construction
    FRAME
    Lot size
    1.49 lot acres
    Property size
    16,980 SF
    Zone code
    O2
    Property type
    Office buildings
    APN
    14672135380000
    APU
    14672135380000

    Description

    This two-story, 17,115 square foot Class B office building, located at 5511 Princess Anne Rd, Virginia Beach, VA 23462, offers 2,100 square feet of immediately available space. Built in 1987 and renovated in 2023, the property features one elevator, ample parking in two lots, and excellent visibility on Princess Anne Road, between Hill Prince and Citation. The building is zoned B and sits on 1.5 acres of land. Ideal for executive or medical office use, this multi-tenant building provides convenient access to Interstate 64 and 264, as well as Sentara Leigh Hospital. The minimum divisible space is 2,100 square feet, with a maximum contiguous space of 2,100 square feet currently available. The property boasts prime visibility and exposure to high traffic volume on Princess Anne Road, offering excellent signage opportunities. This is a unique opportunity to establish a presence in a thriving Kempsville business community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,640,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,950,000
      6.5%
      $1,705,000
      7%
      $2,015,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,700,000
      Geo Method
      $2,010,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,635,000
      Retail
      $2,180,000
      Mixed-Use
      $1,815,000
      Hospitality
      $2,045,000
      Educational
      $2,115,000
      Residential Income
      $2,050,000
      Energy
      $2,135,000
      Income-Based Land
      $1,780,000
      Food Service
      $2,140,000

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.1784
    Latitude
    36.8344
    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
    $17,469
    $777,200
    $987,300
    $1,764,500
    -
    $777,200
    $987,300
    $1,764,500

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      OFFICE BUILDING (MULTI-STORY) • 10,746 SF
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    Similar Nearby for Sale

    • Contact for pricing
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    Similar Nearby for Lease

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    • $57,000,000
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    5511 Princess Anne Rd
    Virginia Beach, VA 23462
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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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