Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2006 Old Greenbrier Rd Chesapeake, VA 23320
    Back to Search
    Property profile & analytics

    2006 Old Greenbrier Rd, Chesapeake, VA 23320

    View on Map
    • Office buildings
    • 17,200 SF
    • 5.89 lot acres
    For Lease
    $3,225,000
    View Listing →
    Professional Office Suites For Rent For Lease
    $3,225,000
    5,000 SF

    Professional Office Suites For Rent

    Office suites available in well-established Chesapeake office complex.

    2006 - 2010 Old Greenbrier Road, Chesapeake, VA 23320
    View Listing
    Property ID
    US87-0834298
    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

    • Mary Aab - Assessment & Therapy Associates / Crisis Center / Medical Clinic
    • New Life Substance Abuse & Behavioral Consultants / Counselor / Association / Organization
    • Glen Walden Jr: Primerica - Financial Services / Financial Advisor
    • Wellness Behavioral Health, Inc. / Medical Clinic
    • Wellness Community Support Services / Charitable Organization / Social Service Agency

    Property Details for 2006 Old Greenbrier Rd

    Year built
    1980
    Lot size
    5.89 lot acres
    Zone code
    PUD: PLANNED UNIT DEVELOP
    Property type
    Office buildings
    APN
    200000000510
    APU
    200000000510

    Description

    Old Greenbrier Village offers exceptional executive office suites in Chesapeake, Virginia (zip code 23320), located at 2006-2010 Old Greenbrier Road. This Class B office park comprises a 15,000 square foot building with ample parking, catering to businesses seeking flexible and well-appointed spaces. Currently, there are three suites in the building, with a total of 6,598 square feet of vacant space available for lease. Individual suites range from a minimum of 1,025 square feet to a maximum contiguous space of 2,540 square feet, providing options for businesses of various sizes. Each suite boasts a private entry, a significant advantage for maintaining privacy and professionalism. The property's suburban location offers a convenient and accessible environment for employees and clients alike. The building's design and amenities are well-suited for a variety of professional office uses, making it an ideal location for businesses seeking a comfortable and productive workspace. Interested parties are encouraged to inquire about available suite sizes and lease terms. The property is situated in Chesapeake County, Virginia, offering easy access to local amenities and transportation networks.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,680,000
      6.5%
      $4,320,000
      7%
      $4,010,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,225,000
      Market price range: $1.63M - $3.23M
      AI Estimate
      $2,123,000
      Market price range: $473k - $2.67M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,425,000
      Current use
      AUTO REPAIR, GARAGE
      $4,785,000
      Change: +97% Conversion: Difficult
      RETAIL STORES
      $3,225,000
      Change: +33% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,875,000
      Change: +19% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,405,000
      Change: -1% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,005,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.2358
    Latitude
    36.7933
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $31,722
    $1,321,100
    $2,320,400
    $3,641,500
    -
    $1,321,100
    $2,320,400
    $3,641,500

    Comparable in this City

    • Value Estimation
      $10,630,000
      95,404 SF

      700 Independence Pkwy Ste, Unit 100

      OFFICE BUILDING
      700 Independence Pkwy Ste, Chesapeake, VA 23320-5186
      View Details
    • Value Estimation by Request
      4,404 SF

      701 Quince Pl

      OFFICE BUILDING
      701 Quince Pl, Chesapeake, VA 23320-0769
      View Details
    • Value Estimation
      $27,790,000
      140,369 SF

      509 Resource Row

      OFFICE BUILDING
      509 Resource Row, Chesapeake, VA 23320-3880
      View Details
    • Value Estimation
      $2,640,000
      13,328 SF

      1108 Eden N Way

      OFFICE BUILDING
      1108 Eden N Way, Chesapeake, VA 23320-3339
      View Details
    • Value Estimation
      $530,000
      3,650 SF

      128 Battlefield N Blvd

      OFFICE BUILDING
      128 Battlefield N Blvd, Chesapeake, VA 23320-3912
      View Details
    • Value Estimation
      $1,565,000
      16,800 SF

      1100 Executive Blvd

      OFFICE BUILDING
      1100 Executive Blvd, Chesapeake, VA 23320-3636
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,048 SF

      Chesapeake Office Building For Sale

      6,048 SF office building available in Chesapeake, Virginia.
      843 N Battlefield Blvd, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      12,732 SF

      Medical Office Building on Volvo

      Two-story medical office building in the Greenbrier submarket.
      1533 Volvo Pkwy, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      12,732 SF

      Two-Story Medical Office Building

      Two-story medical office building in the Greenbrier submarket.
      1533 Volvo Pkwy, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      51,000 SF

      51,000 SF Single-Story Building

      51,000 SF building with suite available for lease.
      500 Independence Pkwy, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      14,582 SF

      Office/Medical Space Near I-64

      Office or medical space available for rent near I-64.
      1100 Eden Way N, Chesapeake, VA 23320
      View Details
    • Contact for pricing

      Class A Office Space Available

      Professional office space available for lease, build to suit.
      Unknown, Chesapeake, VA 23320
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,136 SF

      Class A Office Space Available

      High-quality office space with lakefront views and walking trails.
      505 Independence Pkwy, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      1,640 SF

      Class A Office Building

      Class A office space with lakefront views and walking trails.
      501 Independence Pkwy, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      14,100 SF

      Office Space Near Major HQs

      Single-story office building with highway access and signage available.
      530 Independence Pkwy, Chesapeake, VA 23320
      View Details
    • Contact for pricing
      32,113 SF

      Class A Office Building Space

      Class A office building in Chesapeake with spaces for rent.
      600 Independence Pkwy, Chesapeake, VA 23320
      View Details
    • Contact for pricing

      Modern Office Building in Chesapeake

      Modern office building in a dynamic commercial district for rent.
      1545 Crossways Blvd, Chesapeake, VA 23320
      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.
    2006 Old Greenbrier Rd
    Chesapeake, VA 23320
    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
    2006 Old Greenbrier Rd, Chesapeake, VA, 23320
    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!