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Property profile & analytics
OFF-MARKET Estimated value $1,865,000
Office buildings

1301 1st Colonial Rd Virginia Beach, VA 23454-2263

10,060 SF 1.13 ac lot Built 2000
Entity Owned 12-yr Hold Free & Clear
Property ID
US87-0770705
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2000
Construction FRAME
Total area 10,060 SF
Lot 1.13 ac (49,179 SF)
Zoning code O2
APN 24084562360000
UPID US87-0770705
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Center For Health And Cancer Prevention Medical Clinic
  • Jeremy Shulman, DDS, MS Dental Office
  • Sheer Glow Medical Clinic Skin Care Clinic
  • Healthy Marriage Skills Marriage Or Relationship Counselor
  • Virginia colonoscopy Berger Keith E MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.31M
Comparable Approach Comparable
$1.96M
Blend (final) Blend
$1.87M
Owner & transaction history
Jeffrey R Leidy LLC · 12 yrs held
Jeffrey R Leidy LLC
since 2014
2 recorded transactions
2014
Price N/A
1969
Price N/A
Zoning & alternative use
O2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.9M +40.8%
Medical building $2.4M +14.7%
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