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Property summary
This two-story, 17,115 square foot Class B office building, located at 5511 Princess Anne Rd, Virginia Beach, VA 23462, offers 2,100 square feet of immediately available space. Built in 1987 and renovated in 2023, the property features one elevator, ample parking in two lots, and excellent visibility on Princess Anne Road, between Hill Prince and Citation. The building is zoned B and sits on 1.5 acres of land. Ideal for executive or medical office use, this multi-tenant building provides convenient access to Interstate 64 and 264, as well as Sentara Leigh Hospital. The minimum divisible space is 2,100 square feet, with a maximum contiguous space of 2,100 square feet currently available. The property boasts prime visibility and exposure to high traffic volume on Princess Anne Road, offering excellent signage opportunities. This is a unique opportunity to establish a presence in a thriving Kempsville business community.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Property Management Company
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Tax Preparation
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Dental Office
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The O-2 Office District is intended for larger scale office and institutional structures and uses in areas where public facilities are available and where conflicts with residential neighborhoods can be avoided.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
O2 · Virginia Beach, VAThe O-2 Office District is intended for larger scale office and institutional structures and uses in areas where public facilities are available and where conflicts with residential neighborhoods can be avoided.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The O-2 Office District is intended for larger scale office and institutional structures and uses in areas where public facilities are available and where conflicts with residential neighborhoods can be avoided.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for O2 in Virginia Beach, VA.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
