Technical
Financial
Distress signals
Property profile

2017 Independence Blvd Virginia Beach, VA 23455

OFF-MARKET
Office buildings
Property ID
US87-2304503
2,920 SF 0.42 ac lot Built 1956
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,920 square foot single-tenant office building is ideally situated in Virginia Beach, VA, at 2017 Independence Blvd, zip code 23455. The property is classified as a traditional office building and offers a versatile layout perfect for a variety of businesses. The space features an open reception area, providing a welcoming atmosphere for clients and visitors. Beyond the reception area, the building includes a sizable area suitable for meetings, storage, or additional office space. Several offices are already built out, offering immediate usability and minimizing upfront build-out costs. This location offers excellent accessibility and visibility, being in close proximity to the vibrant community business district. Its strategic position near Shore Drive and Northampton Boulevard ensures convenient access to major transportation routes and a wide range of amenities. Furthermore, the property benefits from its proximity to Joint Expeditionary Base Little Creek-Fort Story, making it an attractive option for businesses serving the military community or related industries. The building's single-tenant occupancy provides simplicity and control for the owner. This presents a rare opportunity to acquire a well-located, functional office building in a thriving Virginia Beach neighborhood. The property's features and location combine to create a compelling investment opportunity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1956
Construction FRAME
Total area 2,920 SF
Lot 0.42 ac (18,165 SF)
Zoning code B2
APN 14790784760000
UPID US87-2304503

Cap rate & NOI

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

Location

2017 Independence Blvd Virginia Beach, VA 23455-2719
Virginia Beach metro Census 41200 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
$640k
Comparable Approach Comparable
$584k
Blend (final) Blend
$535k

Owner & transaction history

since 2025
Last sale
$532,500
5 recorded transactions
2025
$650,000
2024
$532,500
2014
Price N/A
2014
Price N/A
1969
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
Top alternative use upside
Retail stores $845,000 +56.8%
Medical building $685,000 +27.7%

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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