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Property profile

283 Constitution Dr Virginia Beach, VA 23462

FOR SALE
Office buildings
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Property ID
US87-0818985
149,787 SF 0.88 ac Built 1983
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon
283 Constitution Dr, Virginia Beach, VA 23462 For Sale 1 / 5
$16,375,000 149,787 SF
283 Constitution Dr, Virginia Beach, VA 23462
View Listing

Property summary

AI-generated overview

An 11-story Class A office building is located at 283 Constitution Dr in Virginia Beach, VA 23462. The building includes provisions for building signage and an ATM located on the first floor. Off-street parking is provided through covered parking in nearby garages, with additional street parking available nearby.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$221k
Tax billed · 2024
Assessed value$22.29M
Assessed land$2.23M
Assessed improvement$20.06M
Effective rate0.99%

Value estimate

· Nov 2026
$16.38M
$14.74M – $18.01M
Submarket $/SF estimate$19.01M
NOI build-up
Gross scheduled income$2.56M
Vacancy & credit loss−$372k
Operating expenses−$548k
NOI$1.64M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$173/SF
ZIP average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$111 – $220

Cap rate analysis

How does the asset earn?
$1.64M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B3A
JurisdictionVIRGINIA BEACH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service11.5
Auto Parts Store10.7
Garden Center9.8

Location

283 Constitution Dr Virginia Beach, VA 23462
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4429 Bonney, Virginia Beach, VA 23462-3876 $1,750,000 May 2025 87,945 SF
4425 Zim, Virginia Beach, VA 23462-5234 $12,000,000 Dec 2022 74,876 SF
5716 Cleveland St, Virginia Beach, VA 23462-1786 $9,100,000 Dec 2022 32,891 SF
4417 Corporation, Virginia Beach, VA 23462-3162 $7,100,000 Nov 2022 80,389 SF
192 Ballard Ct, Virginia Beach, VA 23462-6538 $7,950,000 Sep 2022 60,504 SF
291 Independence, Virginia Beach, VA 23462-5481 $15,771,250 Jul 2021 70,016 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $22,700,000
    116,700 SF
    4500 Main St
    OFFICE BUILDING (MULTI-STORY)
    4500 Main St, Virginia Beach, VA 23462-3050
    View Details
  • Value Estimation
    $40,990,000
    210,987 SF
    4000 Main St
    OFFICE BUILDING (MULTI-STORY)
    4000 Main St, Virginia Beach, VA 23462
    View Details
  • Value Estimation
    $19,650,000
    99,926 SF
    237 Central Park Ave
    OFFICE BUILDING (MULTI-STORY)
    237 Central Park Ave, Virginia Beach, VA 23462
    View Details
  • Value Estimation
    $7,025,000
    67,384 SF
    281 Independence Blvd Ste, Unit 100
    OFFICE BUILDING (MULTI-STORY)
    281 Independence Blvd Ste, Virginia Beach, VA 23462-2980
    View Details
  • Value Estimation
    $10,575,000
    64,944 SF
    5029 Corporate Woods Dr Ste, Unit 100
    OFFICE BUILDING (MULTI-STORY)
    5029 Corporate Woods Dr Ste, Virginia Beach, VA 23462-4376
    View Details
  • Value Estimation
    $10,790,000
    56,423 SF
    5366 Virginia Bch Blvd
    OFFICE BUILDING (MULTI-STORY)
    5366 Virginia Bch Blvd, Virginia Beach, VA 23462-2070
    View Details

Similar Nearby for Sale

  • New
    $2,225,000
    17,115 SF
    Freestanding Office Building
    Two-story configuration includes elevator access and six suites for professional or medical users.
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    View Details
  • Contact for pricing
    13,577 SF
    Retail-Leased Office Building with Parking
    First-floor retail space is paired with free covered parking in adjacent garages, positioning this building for steady downtown activity.
    4500 Main Street, Virginia Beach, VA 23462
    View Details
  • $845,000
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    Compact office property with several suites, B-2 zoning, and access to Virginia Beach’s Central Business District.
    200 S Kellam Rd, Virginia Beach, VA 23462
    View Details
  • Contact for pricing
    1,250 SF
    Three-Story Medical Office Building
    Medical office building with three large offices, reception, private restroom, and high ceilings, plus plug-and-play readiness.
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  • Contact for pricing
    Class A Office Building
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Similar Nearby for Lease

  • New
    Contact for pricing
    1,300,000 sqft
    Class A Office Space Available
    Upscale office space in Virginia Beach's Central Business District.
    4565 Virginia Beach Blvd., Virginia Beach, VA 23462
    View Details
  • New
    Contact for pricing
    18,512 sqft
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    Leasing options span private suites through full-floor layouts, with plans adaptable to tenant requirements.
    160 Newtown Road, Virginia Beach, VA 23462
    View Details
  • $23 SF/Yr
    Five-Story Office Building with Elevators
    Five-story office building offering 1,251 to 6,461 square feet with two elevators and 200 surface parking spaces.
    293 Independence Boulevard, Virginia Beach, VA 23462
    View Details
  • Contact for pricing
    Mixed-Use Property with Retail
    Retail space fronts Virginia Beach Boulevard, supported by three office buildings positioned at the rear of the property.
    5600 Virginia Beach Boulevard, Virginia Beach, VA 23462
    View Details
  • $600/Mo
    15,600 sqft
    Office Space with Flexible Leases
    Office building with all inclusive options and short-term leases.
    5250 Challedon Drive, Virginia Beach, VA 23462
    View Details
  • New
    Contact for pricing
    7,818 sqft
    Class A Office Medical Building
    Class A office and medical building with a welcoming atrium lobby, controlled entry, and 24-hour access.
    5701 Cleveland St, Virginia Beach, VA 23462
    View Details
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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