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Property profile & analytics
FOR SALE
Office buildings
2832 S Lynnhaven Rd, Virginia Beach, VA 23452
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0766876
For Sale
1 / 2
$900,000
2832 S Lynnhaven Rd, Virginia Beach, VA 23452
View Listing →
Property summary
AI-generated overview
This exceptional 2-story, Class B office building, situated in the desirable Lynnhaven submarket, offers a fantastic opportunity for small businesses. Built in 1986 and extensively renovated in 2021, the property boasts fresh paint, updated landscaping, and modern interior finishes. The 4,300 square foot building is comprised of four individual suites, each approximately 800 square feet and ideal for small office users. Currently, one 800 square foot suite is immediately available. Each suite features 2-3 private offices, providing ample space for a growing team. Shared amenities include convenient first-floor restrooms and a communal kitchen/dining area. The building is electrically powered and zoned as 02. The minimum divisible space is 800 square feet, with a maximum contiguous space of 800 square feet. This is a perfect location for businesses seeking a professional and updated workspace in a convenient Lynnhaven location. Don't miss this chance to secure your ideal office space in this well-maintained building.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
FRAME
Total area
4,285 SF
Lot
0.31 ac (13,529 SF)
Zoning code
O2
APN
14974200370000
UPID
US87-0766876
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
-
Searcy Gary W Law Firm
-
Spanoulis Constantine Law Firm
-
Gina Shores - REALTOR® with eXp Realty Real Estate Agency
-
Ledgers - Lynnhaven Virginia Beach, VA Accounting Firm Tax Preparation
-
Ledgers Accounting and Tax Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$516k
Blend (final)
Blend
$605k
Owner & transaction history
H & A Enterprises LLC · 4 yrs held
H & A Enterprises LLC
since 2021
Last sale
$557,000
1 recorded transaction
Zoning & alternative use
O2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Virginia Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Virginia Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$655,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$615,000
Current use
WAREHOUSE, STORAGE
$615,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $557k (Aug 17 2021)
Last sale anchor
$557k
Aug 17 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$141 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,443
Tax year 2024
Assessed value
$347,800
Assessed 2024
Previous assessed
$347,800
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$97,500
Assessed improvement
$250,300
Land market value
$97,500
Improvement market value
$250,300
Total market value
$347,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1986
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
4,285 SF
Lot
0.31 ac (13,529 SF)
Zoning code
O2
APN
14974200370000
UPID
US87-0766876
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
O2 · Virginia Beach, VA
Zoning O2 · permitted uses
O2 · Virginia Beach, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Virginia Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$615,000
WAREHOUSE, STORAGE
Est. value
$615,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
H & A Enterprises LLC
Entity
Free & Clear · 4 yrs held
Mailing address
812 ORIOLE DR, VIRGINIA BEACH, VA 23451-4928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2021
$557,000
H & A Enterprises LLC
Dds & L Associates
Bargain And Sale Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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