Financial
Distress signals
Property profile

4500 Main St Virginia Beach, VA 23462

FOR SALE
Office buildings
Property ID
US87-1273563
116,700 SF 0.58 ac lot Built 2010
Last sale Jan 2009 · $14,286,284
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Two Columbus Center, located at 4500 Main Street in Virginia Beach, VA 23462, offers exceptional Class A office space in the heart of the city's central business district. This prestigious building, situated at the intersection of Constitution Drive and Main Street, is conveniently located north of the Clark Nexsen Building within the Town Center. The property boasts a total of 109,350 square feet, with multiple tenancy options available. Currently, there are 9,191 square feet of vacant…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$210k
Tax billed · 2024
Assessed value$21.20M
Assessed land$1.46M
Assessed improvement$19.75M
Effective rate0.99%

Value estimate

· Sep 2026
$22.70M
$20.43M – $24.97M
CAP approach$24.32M
Submarket $/SF estimate$25.70M
NOI build-up
Gross scheduled income$269k
Vacancy & credit loss−$39k
Operating expenses−$57k
NOI · 522,375.76% cap applied$172k

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?
522,375.76%
$172k 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: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store11.6
Laundry Service10.6
Garden Center9.8

Location

4500 Main St Virginia Beach, VA 23462
County assessor Recorded deeds · 3 transfers 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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