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Property profile & analytics
OFF-MARKET
Flex space

549 Progress Ln Virginia Beach, VA 23454

18,726 SF 3.56 ac lot
Entity Owned 1-yr Hold
Property ID
US87-1005818
Property summary
AI-generated overview

This exceptional 18,726 square foot industrial flex condominium property presents a unique investment opportunity in Virginia Beach, VA. Located at 549 Progress Ln, 23454, this four-unit building sits on a generous 3.56-acre lot, zoned I-1. Currently, one 3,726 square foot unit is available for lease, offering immediate occupancy potential. The property's flexible design caters to a variety of industrial and commercial uses, making it an ideal choice for businesses seeking versatile space. The substantial lot size provides ample room for expansion or future development, enhancing the long-term value proposition. The property's strategic location in the vibrant Lynnhaven area offers easy access to major transportation arteries, ensuring seamless logistics and convenient commutes for employees and clients. This is a rare chance to acquire a well-maintained, multi-unit industrial flex property in a prime Virginia Beach location. The property's size and zoning provide significant flexibility for a range of business needs. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed property information and specifications are available upon request.

Property profile
Verified
Property type Flex space
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Team Discover Courage Association / Organization
  • The David Group, Inc. Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mara Group LLC · 1 yrs held
Mara Group LLC
since 2024
3 recorded transactions
2024
Price N/A
2024
$3.3M
2019
$1.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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