Property profile

4525 South Blvd Virginia Beach, VA 23452

FOR SALE
Office buildings
Property ID
US87-0069086
64,248 SF 4.97 ac lot Built 1997
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is an office building in Virginia Beach comprising 2,410 square feet. It includes 308 surface parking spaces, which is approximately 5.0 spaces per 1,000 square feet. The building is served by two electric hydraulic passenger elevators and features a 24/7 fob-access security system along with security cameras.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1997
Construction TYPE NOT SPECIFIED
Total area 64,248 SF
Lot 4.97 ac (216,304 SF)
Zoning code I1
APN 14776102930000
UPID US87-0069086

Cap rate & NOI

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

Location

4525 South Blvd Virginia Beach, VA 23452
Virginia Beach metro Census 45801 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.73M
Blend (final) Blend
$6.83M

Owner & transaction history

since 2007
1 recorded transaction
2007
$9.9M

Zoning & alternative use

I1 · Virginia Beach, VA
Zoning description

The purpose of the I-1 Light Industrial District is to permit light industrial uses, wholesaling, storage, packaging, distribution, and retailing restricted primarily to operations requiring bulk deliveries by truck or v…

General category INDUSTRIAL
Top alternative use upside
Industrial (general) $11.0M +19.1%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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