889 Seahawk Cir Virginia Beach, VA 23452
- Distribution centers
- 122,678 SF
- 11.32 lot acres
Current Use by Public Records
- Kauffman Engineering / Manufacturer
Property Details for 889 Seahawk Cir
- Year built
- 1986
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 11.32 lot acres
- Property size
- 122,678 SF
- Zone code
- I1
- Property type
- Distribution centers
- APN
- 14966458140000
- APU
- 14966458140000
Description
This exceptional 29,545-square-foot warehouse, located at 889 Seahawk Circle in Virginia Beach, VA 23452, presents a significant leasing opportunity. Built in 1986, the property offers a versatile space ideal for various industrial uses. The entire building is currently vacant, providing immediate occupancy for a single tenant. The warehouse boasts impressive ceiling heights ranging from 16 to 26 feet, allowing for ample storage and operational flexibility. Loading and unloading are facilitated by three loading docks and one drive-in door. The property is equipped with robust 3-phase, 600-amp power, ensuring sufficient capacity for energy-intensive operations. Zoning is designated I-1 (Light Industrial), APZ 1, and is subject to a Navy Air Easement, which potential tenants should review and understand. Situated in Virginia Beach, this warehouse benefits from convenient access to major transportation routes and a skilled workforce. The property's size and features make it suitable for a wide range of industrial businesses seeking a substantial and well-equipped space. Interested parties should conduct their own due diligence regarding zoning regulations and easements. This is a rare opportunity to secure a large, fully vacant warehouse in a prime Virginia Beach location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $10,855,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,410,000
- 6.5%
- $8,780,000
- 7%
- $9,360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,070,000
- Geo Method
- $9,685,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $9,355,000
- Retail
- $9,595,000
- Mixed-Use
- $9,525,000
- Hospitality
- $8,995,000
- Educational
- $8,345,000
- Residential Income
- $8,960,000
- Energy
- $7,585,000
- Income-Based Land
- $9,695,000
- Food Service
- $9,510,000
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach City
- State
- Virginia
- Longitude
- -76.0621
- Latitude
- 36.8134
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA