Technical
Financial
Distress signals
Property profile

5701 Thurston Ave Virginia Beach, VA 23455

OFF-MARKET
Office buildings
Property ID
US87-3953643
15,225 SF 1.65 ac lot Built 1975
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,600 square foot single-tenant office suite, located at 5701 Thurston Ave Suite #103 in Virginia Beach, VA, presents a remarkable opportunity. Built in 1975, this traditional office space boasts a modern design and spacious interior, perfect for customization to suit diverse business needs. Its prime location offers easy access to major roadways, ample parking for employees and clients, and proximity to numerous restaurants and shopping options. The suite is conveniently located near residential areas and public transportation, ensuring a steady flow of potential customers and convenient access for staff. Pre-wired for high-speed internet and telecommunications, this technology-ready space is ideal for a variety of businesses, including daycare centers, professional services (legal, financial, consulting), and medical or wellness practices. Lease terms are flexible and can be tailored to meet specific business requirements. The building is well-maintained, promising a hassle-free tenancy. This property offers a vibrant and convenient location within a thriving business environment. Ample parking and easy access contribute to a positive experience for both employees and clients. The contemporary architectural details create a professional and welcoming atmosphere.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1975
Construction TYPE NOT SPECIFIED
Total area 15,225 SF
Lot 1.65 ac (71,874 SF)
Zoning code I1
APN 14690372790000
UPID US87-3953643

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
  • Geriatric Care Provider
  • General Contractor
  • Geriatric Care Provider
  • Waste Management Facility Recycling Center
  • Freight Service Logistics Company

Location

5701 Thurston Ave Virginia Beach, VA 23455-3330
Virginia Beach metro Census 40200 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.42M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$1.37M

Owner & transaction history

since 2022
Last sale
$1.5M
6 recorded transactions
2022
$1.5M
2007
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I1 · Virginia Beach, VA
Zoning description

The purpose of the I-1 Light Industrial District is to permit light industrial uses, wholesaling, storage, packaging, distribution, and retailing restricted primarily to operations requiring bulk deliveries by truck or v…

General category INDUSTRIAL

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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