2424 Castleton Commerce Way Virginia Beach, VA 23456-5498
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I2 · Virginia Beach, VAVirginia Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.