Property profile

5029 Corporate Woods Dr Virginia Beach, VA 23462

FOR LEASE
Office buildings
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Property ID
US87-1182277
64,944 SF 3.36 ac Built 1990
Last sale Mar 2009·$98,833
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is an office building with 4,973 square feet of office space configured for tenant occupancy, featuring an exterior and interior design that includes an attractive glass façade and a two-story marble atrium. It provides abundant on-site parking and professionally landscaped grounds, along with building conference space available for tenant use. Common areas were recently renovated. The location offers convenient access to the interstate and is within 3 miles of the Town Center of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$82k
Tax billed · 2024
Assessed value$8.31M
Assessed land$996k
Assessed improvement$7.31M
Effective rate0.99%

Value estimate

· Nov 2026
$10.58M
$9.52M – $11.63M
CAP approach$13.53M
Submarket $/SF estimate$11.11M
NOI build-up
Gross scheduled income$51k
Vacancy & credit loss−$7k
Operating expenses−$11k
NOI$33k

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?
$33k 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?
I1
The purpose of the I-1 Light Industrial District is to permit light industrial uses, wholesaling, storage, packaging, distribution, and r...
General categoryINDUSTRIAL
JurisdictionVIRGINIA BEACH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office11.8
Restaurant11.6
Skin Care Clinic11.2

Location

5029 Corporate Woods Dr Virginia Beach, VA 23462
County assessor Recorded deeds · 10 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 · 18 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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Includes: Price & PSF · Cap rate · Location · Zoning

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