Technical
Financial
Distress signals
Property profile

1975 Glenn Mitchell Dr Virginia Beach, VA 23456

FOR LEASE
Medical Office Space
Property ID
US87-1227043
66,591 SF 55.78 ac lot Built 2006
Individually Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional three-story Class A medical office building, totaling 70,000 square feet, presents a unique opportunity in the highly desirable Princess Anne Corridor of Virginia Beach, VA. Strategically located on the campus of Sentara Princess Anne Hospital, this property enjoys unparalleled visibility and accessibility. The building features a contemporary design and offers multiple tenancies, with one suite currently available, measuring 1,668 square feet. Its prime location within the medical campus serves a large patient population in Southern Virginia Beach, as well as neighboring Chesapeake and Northeastern North Carolina. The building's Class A designation reflects its high-quality construction and modern amenities. The convenient location and strong medical presence in the area make this an ideal investment for medical professionals seeking a prestigious and well-established location to serve their patients. This is a rare opportunity to secure space in a thriving medical hub with excellent access to major roadways and a substantial patient base. The available suite offers immediate occupancy and is ready for customization to meet specific medical practice needs. Virginia Beach County provides a strong economic environment and a supportive community for medical businesses.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2006
Construction TYPE NOT SPECIFIED
Total area 66,591 SF
Lot 55.78 ac (2,429,791 SF)
Zoning code B2
APN 14856140280000
UPID US87-1227043

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
  • Medical Clinic
  • Medical Clinic
  • Physician
  • Physician
  • Physician

Location

1975 Glenn Mitchell Dr Virginia Beach, VA 23456
Virginia Beach metro Census 46015 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$13.87M
Comparable Approach Comparable
$9.16M
Blend (final) Blend
$11.45M

Owner & transaction history

since 2011
1 recorded transaction
2011
Price N/A

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

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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