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Property profile & analytics
FOR LEASE
Office buildings

5700 Thurston Ave Virginia Beach, VA 23455

79,378 SF 4.29 ac lot Built 1975
Individually Owned Absentee Owner Free & Clear
Property ID
US87-1218008
Property summary
AI-generated overview

This exceptional Class A office building, located at 5700 Thurston Ave in Virginia Beach, VA 23455, offers 74,740 square feet of premium office space. The two-story building boasts ten suites, with a minimum divisible space of 1,095 square feet and a maximum contiguous space of 13,482 square feet. Currently, 45,653 square feet is available. Renovated in 2009, the property features modern amenities including elevators. Its convenient location within the Airport Industrial Park provides easy access to major transportation arteries, including Interstate 64, the Hampton Roads Bridge Tunnel, and the Chesapeake Bay Bridge Tunnel. The building is less than a mile from Norfolk International Airport and in close proximity to Little Creek Naval Base, making it an ideal location for businesses seeking convenient access to transportation and military installations. The property is zoned as an Opportunity Zone, presenting additional investment advantages. This multi-tenant building offers a variety of options for businesses of all sizes seeking a prestigious and strategically located office space in Virginia Beach. The building's central location and modern amenities make it a highly desirable property for businesses seeking a productive and convenient work environment. Contact us today to learn more about leasing opportunities.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1975
Construction TYPE NOT SPECIFIED
Total area 79,378 SF
Lot 4.29 ac (186,843 SF)
Zoning code I1
APN 14690345370000
UPID US87-1218008
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
  • Serco Inc Consultant
  • STOP Inc. Social Service Agency Charitable Organization
  • Compasion LLC Medical Clinic
  • Environmental Health Services Public Health Department
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.64M
Blend (final) Blend
$8.09M
Owner & transaction history
LOUIS C GOODFARB
LOUIS C GOODFARB
Zoning & alternative use
I1 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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