Property profile

549 Progress Ln Virginia Beach, VA 23454

OFF-MARKET
Other industrial properties
Property ID
US87-1005818
18,726 SF 3.56 ac lot
Entity Owned 2-yr Hold
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Property summary

AI-generated overview

The property is an office space with approximately 1,600 square feet of interior area. The layout includes executive-style private offices, a kitchenette, a reception area, and two restrooms. The site provides ample on-site parking for tenants and visitors, and the space is configured so that utilities are included except for janitorial services.

Property profile

Verified
Property type Other industrial properties
Total area 18,726 SF
Lot 3.56 ac (155,030 SF)
UPID US87-1005818

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Association / Organization
  • Consultant

Location

549 Progress Ln Virginia Beach, VA 23454
Virginia Beach metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2024
$3.3M
2019
$1.8M

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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