Property profile

300 Medical Pkwy Chesapeake, VA 23320

FOR LEASE
Medical Office Space
Property ID
US87-0175516
61,086 SF 4 ac lot Built 1988
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,222 square foot medical office space is available for sublease in Chesapeake, Virginia, located at 300 Medical Parkway, zip code 23320. The property is classified as a medical office within a larger office building, offering a single contiguous space ideal for a variety of medical practices. The space is currently vacant and ready for immediate occupancy. The minimum leasable area is 2,222 square feet, and this is also the maximum contiguous space available for sublease. The sublease term expires on October 31, 2025. This presents a unique opportunity for a medical professional or group seeking a well-located, move-in ready space in a thriving Chesapeake community. The property's convenient location at 300 Medical Parkway provides easy access to major roadways and ample parking for patients and staff. This turnkey solution eliminates the need for extensive renovations and allows for a quick and efficient transition into your new practice. Interested parties should inquire promptly to secure this prime medical office space. The property is situated at latitude 36.7446952 and longitude -76.2485456.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1988
Total area 61,086 SF
Lot 4 ac (174,240 SF)
Zoning code O-I: OFFICE & INSTITUTION
APN 360000001832
UPID US87-0175516

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician Medical Clinic
  • Construction Company General Contractor
  • Physician Medical Clinic
  • Physician

Location

300 Medical Pkwy Chesapeake, VA 23320
Chesapeake metro Census 20911 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.87M

Owner & transaction history

since 2019
1 recorded transaction
2019
$9.0M

Zoning & alternative use

O-I: OFFICE & INSTITUTION · Chesapeake, VA

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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More about this property
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