Technical
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Property profile

1337 Oceana Blvd Virginia Beach, VA 23454

FOR LEASE
Community centers
Property ID
US87-0339987
7,218 SF Built 2020
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,273 square foot executive office space is located within the Shoppes at Oceana, a newly constructed (2021) retail center at 1337 Oceana Blvd, Virginia Beach, VA 23454. Situated in Virginia Beach County, this versatile space is perfect for a variety of businesses. The open rectangular floor plan offers flexibility for various office configurations or a convenient carry-out restaurant. High exposed ceilings contribute to a spacious and modern feel, complemented by polished concrete flooring. The suite includes one bathroom. The entire Shoppes at Oceana complex totals 17,633 square feet, with multiple tenants. This particular unit is immediately available and offers 1,273 contiguous square feet of space. Its prime location in the vibrant Oceana area provides excellent visibility and accessibility. The space is ready for immediate occupancy, presenting a unique opportunity for businesses seeking a modern and functional workspace in a thriving commercial center. This is a single available space within a larger multi-tenant building.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2020
Construction TYPE NOT SPECIFIED
Total area 7,218 SF
Zoning code B2
APN 24154876370002
UPID US87-0339987

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon
  • Restaurant
  • Hair Salon
  • Alternative Medicine Practice Spa & Massage Center

Location

1337 Oceana Blvd Virginia Beach, VA 23454
Virginia Beach metro Census 45408 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.70M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.57M

Owner & transaction history

since 2023
Last sale
$4.5M
1 recorded transaction
2023
$4.5M

Zoning & alternative use

B2 · Virginia Beach, VA
Zoning description

The purpose of the B-2 Community Business District is to provide land needed for community wide business establishments. This district is intended for general application in the city. It is intended that, by the creation…

General category COMMERCIAL
Top alternative use upside
Warehouse, storage $6.3M +146.9%
Auto repair, garage $5.1M +100.8%
Restaurant $3.3M +27.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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