Individually Owned Property summary
This exceptional 7,740 square foot multi-tenant property, located at 1168 Jensen Dr in Virginia Beach, VA 23451, presents a unique investment opportunity. The Owls Creek Commerce Center boasts a spacious 5,060 square feet of immediately available office and warehouse space. The building features a desirable combination of executive office and warehouse space, perfect for a variety of businesses. The high ceilings, measuring 17 feet, provide ample vertical space for storage or specialized equipment. The property is situated on a half-acre lot and benefits from three-phase power, making it suitable for businesses with significant energy demands. The zoning designation is I-1, APZ – 1 HUB & Opportunity Zone Virginia Beach, offering potential tax advantages. This versatile space is ideal for companies seeking a blend of modern office amenities and substantial warehouse capacity. The property's location in Virginia Beach offers easy access to major transportation routes and a thriving business community. Contact us today to schedule a viewing and explore the possibilities.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of the I-1 Light Industrial District is to permit light industrial uses, wholesaling, storage, packaging, distribution, and retailing restricted primarily to operations requiring bulk deliveries by truck or v…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
I1 · Virginia Beach, VAThe purpose of the I-1 Light Industrial District is to permit light industrial uses, wholesaling, storage, packaging, distribution, and retailing restricted primarily to operations requiring bulk deliveries by truck or v…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of the I-1 Light Industrial District is to permit light industrial uses, wholesaling, storage, packaging, distribution, and retailing restricted primarily to operations requiring bulk deliveries by truck or v…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I1 in Virginia Beach, VA.
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Find the owner behind the property.
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