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Property profile & analytics
FOR LEASE
Warehouses

5250 Challedon Dr Virginia Beach, VA 23462

15,600 SF 0.62 ac lot Built 1975
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US87-0080696
Property summary
AI-generated overview

This well-maintained, Class C office building at 5250 Challedon Drive in Virginia Beach, VA, offers a fantastic opportunity for businesses seeking flexible space. Built in 1975 and extensively renovated in 2018, the property boasts a total of 15,600 square feet, with only 100 square feet currently vacant. The building is zoned B-2, allowing for a variety of commercial uses. The property features a traditional office layout, suitable for single or multiple tenants, providing ample space for growth. With 33 parking spaces available, ample parking is ensured for employees and clients. Located in Virginia Beach City, the building benefits from convenient access to local amenities and transportation networks. The property's design fosters a productive and comfortable work environment, making it an ideal location for businesses of all sizes. The available 100 square feet provides an immediate opportunity for a small business or expansion for an existing one. This is a rare opportunity to secure office space in a well-maintained and conveniently located building in a thriving Virginia Beach community. The zip code is 23462.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1975
Total area 15,600 SF
Lot 0.62 ac (26,790 SF)
Zoning code B2
APN 14665839030000
UPID US87-0080696
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
  • Hearts Full of Grace Association / Organization
  • Exclusive Creations Banner Store Custom T-Shirt Store
  • Damitka Bynum Foster Care Service Social Service Agency
  • WRVISUALS Photography Service (Bike/Boat/Book/etc) Store
  • 7 Cities Fire Prevention General Contractor Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.16M
CAP Approach CAP
by Request
Comparable Approach Comparable
$923k
Blend (final) Blend
$1.24M
Owner & transaction history
Challedon Flex LLC · 4 yrs held
Challedon Flex LLC
since 2022
Last sale
$1.3M
3 recorded transactions
2022
$1.3M
2018
$1.1M
2005
$750,000
Zoning & alternative use
B2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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