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Property profile & analytics
FOR LEASE
Distribution centers

3825 Bonney Rd Virginia Beach, VA 23452

8,096 SF 1.18 ac lot Built 1970
Entity Owned 1-yr Hold Free & Clear
Property ID
US87-2541784
Property summary
AI-generated overview

This exceptional 8,763-square-foot retail property, zoned B2, presents a unique investment opportunity in Virginia Beach, VA. Currently vacant, the building offers a versatile layout ideal for an automotive dealership, boasting a 5,328-square-foot showroom/office area and a 3,435-square-foot service and parts area. Situated on a sizable 1.2-acre lot, the property benefits from 244 feet of frontage along Bonney Road, ensuring high visibility and accessibility. The building underwent renovations in 2019, ensuring modern functionality and aesthetics. Its prime location offers convenient access to I-264 via Rosemont Road, placing it within minutes of the Virginia Beach Town Center and its thriving commercial district. The existing dealership license is included in the sale, streamlining the transition for a new operator. This property is situated in an area with excellent demographics, promising strong potential for future growth and profitability. The single-tenant occupancy allows for straightforward management and control. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a desirable Virginia Beach market. Don't miss this chance to capitalize on this turnkey operation.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1970
Total area 8,096 SF
Lot 1.18 ac (51,575 SF)
Zoning code B2
APN 14873307210000
UPID US87-2541784
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
  • Fairway Mitsubishi Service Center Auto Repair Shop
  • Fairway Mitsubishi Parts Store Auto Parts Store
  • Fairway Mitsubishi Car Dealership
  • Pembroke Finance, Inc. Bank Credit Union
  • Fairway Cars VB, LLC Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$990k
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.02M
Owner & transaction history
1875 Laskin Road LLC · 1 yrs held
1875 Laskin Road LLC
since 2025
5 recorded transactions
2025
$3.1M
2019
Price N/A
2016
$990,000
2013
Price N/A
1969
Price N/A
Zoning & alternative use
B2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $1.4M +19.4%
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More about this property
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