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Property profile & analytics
OFF-MARKET
Warehouses

2424 Castleton Commerce Way Virginia Beach, VA 23456-5498

35,450 SF 29.42 ac lot Built 2008
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-0408291
Property summary
AI-generated overview

This exceptional Virginia Beach commercial property, located at 2424 Castleton Commerce Way, offers 2,250 square feet of warehouse and distribution space currently available for lease. The property is categorized as retail and industrial, featuring multiple tenancies within the Castleton Commerce Center/Storage Depot. Units range from a minimum of 900 square feet to a maximum contiguous space of 1,350 square feet, providing flexibility for a variety of business needs. The building boasts two drive-in bays for convenient loading and unloading, along with two on-site parking spaces. Enhanced security features include after-hours gate-controlled access and video surveillance, ensuring peace of mind for tenants. All warehouse units include both traditional and roll-up doors. The property's location in Virginia Beach, VA (zip code 23456), offers excellent accessibility. Furthermore, oversized vehicle parking is available for lease on-site, accommodating trailers, campers, RVs, and other large vehicles. This makes it an ideal location for businesses requiring extra storage or space for specialized equipment. This is a fantastic opportunity for small to medium-sized businesses seeking a practical and secure workspace in a thriving community.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2008
Total area 35,450 SF
Lot 29.42 ac (1,281,448 SF)
Zoning code I2
APN 24054227620000
UPID US87-0408291
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dent Patrol Auto Repair Shop
  • Bagpipes Custom Classics Auto Repair Shop
  • Global Automotive Repair Auto Repair Shop
  • Floor Outlet Carpet & Flooring Store Hardware & Home Improvement
  • V&V auto repair and paint Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cig Castleton LLC · 4 yrs held
Cig Castleton LLC
since 2021
Last sale
$58.9M
7 recorded transactions
2021
$58.6M
2016
$19.7M
2013
Price N/A
2009
$10.6M
2008
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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