Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    329 Phillip Ave Virginia Beach, VA 23454-4461

    • Office buildings
    • 9,727 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-1614234
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Virginia Beach Surgery / Surgical Center / Surgeon
    • Dr. Joseph M. Dalton, MD / Doctor
    • Martin G. O'Grady, MD, FACS, General & Vascular Surgery / Vascular Surgeon
    • Dr. Riikka Mohorn / Surgeon
    • Hubbard Plastic Surgery & Skin Enhancement / Doctor / Surgeon

    Property Details for 329 Phillip Ave

    Year built
    2008
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.09 lot acres
    Property size
    9,727 SF
    Property type
    Office buildings
    APN
    24073695170000
    APU
    24073695170000

    Description

    This exceptional 2,900 square foot Class A medical office suite is ideally situated in Virginia Beach's Hilltop submarket at 329 Phillip Avenue, zip code 23454. Built in 2008, the property boasts a total of 9,727 square feet, with 2,900 square feet currently available for lease within a multi-tenant building. The suite is part of a larger building zoned B-2 (Community Business District), offering excellent visibility and accessibility. Its prime location provides convenient access to major thoroughfares, including I-264 and Laskin Road, placing it within easy reach of the Hilltop commercial area. The property's proximity to Sentara Virginia Beach General Hospital, approximately two miles away, makes it particularly attractive to medical professionals and related businesses. This offering presents a rare opportunity to secure high-quality, readily available space in a thriving medical corridor. The building's Class A designation reflects its superior construction, modern amenities, and overall excellent condition. Interested parties should inquire promptly to secure this desirable space.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.0358
    Latitude
    36.8451
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $26,221
    $667,000
    $1,981,600
    $2,648,600
    -
    $667,000
    $1,981,600
    $2,648,600

    Comparable in this City

    • Value Estimation by Request
      27,310 SF

      984 1st Colonial Rd Ste, Unit 200

      OFFICE BUILDING (MULTI-STORY) • 27,310 SF
      984 1st Colonial Rd Ste, Virginia Beach, VA 23454-3196
      View Details
    • Value Estimation by Request
      9,178 SF

      2220 Laskin Rd

      OFFICE BUILDING • 9,178 SF
      2220 Laskin Rd, Virginia Beach, VA 23454-4211
      View Details
    • Value Estimation by Request
      5,572 SF

      996 1st Colonial Rd

      OFFICE BUILDING • 5,572 SF
      996 1st Colonial Rd, Virginia Beach, VA 23454-3175
      View Details
    • Value Estimation
      $955,000
      0.26 Acres

      1864 Colonial Medical Ct

      OFFICE BUILDING • 0.26 Acres
      1864 Colonial Medical Ct, Virginia Beach, VA 23454
      View Details
    • Value Estimation
      $260,000
      2,880 SF

      1248 Culver Ln

      OFFICE BUILDING • 2,880 SF
      1248 Culver Ln, Virginia Beach, VA 23454-5710
      View Details
    • Value Estimation
      $335,000
      2,072 SF

      2212 Laskin Rd

      OFFICE BUILDING • 2,072 SF
      2212 Laskin Rd, Virginia Beach, VA 23454-4211
      View Details

    Similar Nearby for Sale

    • $500,000
      3,700 SF

      Versatile Flex Condo with Warehouse

      3,700 SF flex condo with office and warehouse space.
      1728 Virginia Beach Blvd, Virginia Beach, VA 23454
      View Details
    • $3,400,000
      22,290 SF

      First Colonial Medical Center

      Medical office building near Sentara Virginia Beach General Hospital.
      1120 First Colonial Rd, Virginia Beach, VA 23454
      View Details
    • $640,000
      6,000 SF

      Virginia Beach Office/Flex Space

      Two-story office/flex space in Virginia Beach's Hilltop area.
      105 S First Colonial Rd, Virginia Beach, VA 23454
      View Details
    • $650,000
      6,411 SF

      Redevelopment Opportunity on Virginia Beach

      Redevelopment opportunity in high-traffic location near Hilltop Retail District.
      1733 Virginia Beach Blvd, Virginia Beach, VA 23454
      View Details
    • $650,000
      0.90 Acres

      Commercial Lot in Virginia Beach

      0.9-acre vacant commercial lot in a vibrant business corridor.
      1249 Oceana Blvd, Virginia Beach, VA 23454
      View Details
    • $6,070,000
      30,600 SF

      Virginia Beach Flex Space Investment

      High-demand flex space, strong NOI, excellent location.
      1293 Perimeter Pkwy, Virginia Beach, VA 23454
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,200 SF

      Hilltop/Great Neck Office Space

      Two-story office building with suite available in Virginia Beach.
      509 Old Great Neck Rd, Virginia Beach, VA 23454
      View Details
    • $24,000
      1,000 SF

      Virginia Beach Medical Office Suite

      Prime Medical Office Space for Lease
      1301 First Colonial Rd, Virginia Beach, VA 23454
      View Details
    • $13 SF/Yr
      1,450 SF

      Office Space in Virginia Beach

      Office space available for lease in Virginia Beach, VA.
      2661 Production Rd, Virginia Beach, VA 23454
      View Details
    • $30 SF/Yr
      6,505 SF

      Medical Office Space For Rent

      Multi-tenant medical office building near Sentara Virginia Beach General Hospital.
      1101 First Colonial Rd, Virginia Beach, VA 23454
      View Details
    • $2,000 /Mo
      1,600 SF

      Office Space with Executive Offices

      Cost-effective office space with ample parking and included utilities.
      549 Progress Ln, Virginia Beach, VA 23454
      View Details
    • Contact for pricing
      962 SF

      Hilltop Area Office Space

      Office space in Hilltop/Great Neck area with ample parking.
      933 First Colonial Rd, Virginia Beach, VA 23454
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    329 Phillip Ave
    Virginia Beach, VA 23454-4461
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.