Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1413 Laskin Rd Virginia Beach, VA 23451
    Back to Search
    Property profile & analytics

    1413 Laskin Rd Virginia Beach, VA 23451

    View on Map
    • Commercial land
    For Lease
    View Listing →
    Mixed-Use Development in Virginia Beach For Lease
    Contact for pricing

    Mixed-Use Development in Virginia Beach

    Mixed-use development with office, retail, and residential units for rent.

    1413 Laskin Rd, Virginia Beach, VA 23451
    View Listing
    Property ID
    US87-1138587
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Julie Coston / Physician
    • Stephanie Rich / Physician

    Property Details for 1413 Laskin Rd

    Property type
    Commercial land
    Property subtype
    Mixed-use properties

    Description

    The Canopy will be one of the most significant mixed use developments in eastern Virginia Beach. Along with multi-family living (132 units), the project will include +/-50,000 square feet of office space, +/-10,000 square feet of retail, and a 1.12 ac outparcel. For retailers, restaurants and service providers, this location is situated between the affluent oceanfront and one of the region’s retail hotspots, Hilltop. Just the grocery lineup in Hilltop is unmatched in the region, including Whole Foods, Trader Joe’s, Fresh Market, Kroger, Aldi, Walmart and Target and with 2 Harris Teeter stores on either side of Hilltop. With The Canopy’s proximity to the Virginia Beach oceanfront, it will be impacted by the 7.1 million visitors to the beachfront annually. Along with the summer draw, there are year ‘round events in and around the beach. Noteworthy to area residents, the feeder road removal project will enhance the accessibility to The Canopy and the traffic flow around it.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach
    State
    Virginia
    Longitude
    -76.0102198
    Latitude
    36.8505683

    Comparable in this City

    • Contact for pricing

      Prime Location Near Virginia Beach

      Four-acre site near the Virginia Beach Oceanfront.
      941 Laskin Rd, Virginia Beach, VA 23451
      View Details
    • Contact for pricing

      Mixed-Use Entertainment Hub in Virginia Beach

      Mixed-use development with retail, restaurants, office, and entertainment.
      19th St & Pacific Ave, Virginia Beach, VA 23451
      View Details
    • Contact for pricing

      Virginia Beach Blvd Land Lease

      Land for lease near the Oceanfront, suitable for retail.
      1096 Virginia Beach Blvd, Virginia Beach, VA 23451
      View Details
    • Contact for pricing

      Virginia Beach Oceanfront Office Space

      A+ location near Princess Anne Country Club and Atlantic Ocean.
      3704 Pacific Ave, Virginia Beach, VA 23451
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Virginia Beach

      Retail property available for lease in Virginia Beach, VA.
      4753 Virginia Beach Blvd, Virginia Beach, VA 23451
      View Details
    • Contact for pricing

      Land Near Virginia Beach Complex

      Commercial land for rent near the Virginia Beach Sports Complex.
      1096 Virginia Beach Blvd Northeast, Virginia Beach, VA 23451
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,588 SF

      Retail Asset in Beach Community

      Well-performing retail property in a beachfront community.
      3041 Shore Dr, Virginia Beach, VA 23451
      View Details
    • Contact for pricing
      3,000 SF

      Freestanding Building on Shore Drive

      Freestanding building with four drive-thru lanes on Shore Drive.
      2993 Shore Dr, Virginia Beach, VA 23451
      View Details
    • Contact for pricing
      5,553 SF

      Waterfront Restaurant/Event Space Available

      Two-story, 5,551 SF building on 1.26 acre waterfront site.
      800 Laskin Rd, Virginia Beach, VA 23451
      View Details
    • Contact for pricing

      Oceanfront Resort District Land

      Land available in Oceanfront Resort District.
      208 17Th St, Virginia Beach, VA 23451
      View Details
    • Contact for pricing

      Opportunity Zone Land Available

      Land in opportunity and HUB zone with development potential.
      Virginia Beach Blvd, Virginia Beach, VA 23451
      View Details
    • Contact for pricing

      Oceanfront Resort District Land

      Land available in Oceanfront Resort District, Virginia Beach.
      213 17Th St, Virginia Beach, VA 23451
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Location Near Virginia Beach

      Four-acre site near the Virginia Beach Oceanfront.
      941 Laskin Rd, Virginia Beach, VA 23451
      View Details
    • Contact for pricing

      Mixed-Use Entertainment Hub in Virginia Beach

      Mixed-use development with retail, restaurants, office, and entertainment.
      19th St & Pacific Ave, Virginia Beach, VA 23451
      View Details
    • Contact for pricing

      Virginia Beach Blvd Land Lease

      Land for lease near the Oceanfront, suitable for retail.
      1096 Virginia Beach Blvd, Virginia Beach, VA 23451
      View Details
    • Contact for pricing

      Virginia Beach Oceanfront Office Space

      A+ location near Princess Anne Country Club and Atlantic Ocean.
      3704 Pacific Ave, Virginia Beach, VA 23451
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Virginia Beach

      Retail property available for lease in Virginia Beach, VA.
      4753 Virginia Beach Blvd, Virginia Beach, VA 23451
      View Details
    • Contact for pricing
      2,045 SF

      Retail/Office Space on Shore Drive

      810 SF retail/office space with high visibility.
      3020 Shore Dr, Virginia Beach, VA 23451
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1413 Laskin Rd
    Virginia Beach, VA 23451
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1413 Laskin Rd, Virginia Beach, VA, 23451
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!