Property profile

5721 Bayside Rd Virginia Beach, VA 23455

FOR LEASE
Industrial properties
Property ID
US87-1211793
67,600 SF 4.7 ac lot Built 1975
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12,800-square-foot flex space at 5721 Bayside Road in Virginia Beach, VA, presents a unique leasing opportunity. Situated on a 4.697-acre lot, this property boasts a total building size of 83,200 square feet, with 12,800 square feet currently available for lease. The space comprises approximately 11,300 square feet of warehouse space and 1,500 square feet of office space, ideal for a variety of industrial and flex uses. Built in 1975, the building features high ceilings ranging from 19.5 to 22 feet, providing ample vertical space for storage or specialized equipment. The property includes one loading dock and one dock-high door for efficient loading and unloading. Power is supplied by a 3-phase, 150-amp electric system. The property is zoned I-1 (Light Industrial District) within Virginia Beach County and benefits from its strategic location adjacent to Norfolk International Airport, offering convenient access to I-64, Norfolk International Terminals, and nearby Naval facilities including Naval Operating Base and Little Creek Amphibious Base. This prime location provides excellent accessibility and visibility for businesses seeking a strong logistical advantage. The available space is perfect for companies needing a blend of warehouse and office functionality. Don't miss this chance to secure a well-located, versatile industrial space in a thriving area.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1975
Total area 67,600 SF
Lot 4.7 ac (204,601 SF)
Zoning code I1
APN 14690461430000
UPID US87-1211793

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
  • Freight Service Logistics Company
  • Solar Energy Company Solar Energy System Service
  • Building Supply Industrial Manufacturer
  • Freight Service Logistics Company
  • Furniture & Home Goods Home Decor Store

Location

5721 Bayside Rd Virginia Beach, VA 23455
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
$7.56M
CAP Approach CAP
$6.82M
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.26M

Owner & transaction history

since 2021
Last sale
$6.2M
2 recorded transactions
2021
$6.2M
2009
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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