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    Property profile & analytics

    780 Lynnhaven Pkwy Virginia Beach, VA 23452

    • Office buildings
    • 82,275 SF
    • 3.30 lot acres
    For Lease
    View listing
    $65 SF/Yr
    Last Sale
    Jun 02, 2022
    $12,150,000
    Value Estimations
    $11,665,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3986081
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • C&K Systems / (Bike/Boat/Book/etc) Store / Corporate Office
    • David M. Good, Attorney at Law / Law Firm
    • Carrell Blanton Ferris & Associates, PLC / Law Firm
    • Hardt Law / Law Firm
    • Virginia Beach Tax Attorney IRS Tax Settlement / Law Firm

    Property Details for 780 Lynnhaven Pkwy

    Year built
    1988
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.30 lot acres
    Property size
    82,275 SF
    Zone code
    I1
    Property type
    Office buildings
    APN
    14965536550000
    APU
    14965536550000

    Description

    Windwood Centre, a prestigious Class A office building, presents a unique investment opportunity in Virginia Beach's desirable Lynnhaven submarket. This four-story, 79,000 square foot brick and glass structure offers multiple tenancy options, with a minimum divisible space of 1,996 square feet and a maximum contiguous space of 9,758 square feet. Currently, there are 14,646 square feet of vacant space available for lease, providing flexibility for businesses of various sizes. The building is strategically located at 780 Lynnhaven Parkway, Virginia Beach, VA 23452, in Virginia Beach County. Its prime location within the Lynnhaven submarket ensures excellent visibility and accessibility. The building's executive office suites are designed to meet the highest standards, reflecting the quality and prestige of a Class A property. With a total of three suites, this property offers a rare opportunity to secure a prominent presence in a thriving business community. The building's impressive size and modern design make it an ideal location for businesses seeking a sophisticated and functional workspace. Interested parties are encouraged to inquire about available space and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,080,000
      ML approach
      $8,325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,280,000
      Market price range: $9.90M - $15.6M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $11,805,000
      Current use
      MEDICAL BUILDING
      $19,370,000
      Change: +64% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $14,055,000
      Change: +19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.0659
    Latitude
    36.8158
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $98,054
    $1,717,100
    $8,187,300
    $9,904,400
    -
    $1,717,100
    $8,187,300
    $9,904,400

    Comparable in this City

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      OFFICE BUILDING
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      59,284 SF

      2900 Sabre St Ste, Unit 200

      OFFICE BUILDING (MULTI-STORY) • 59,284 SF
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      View Details
    • Value Estimation
      $5,745,000
      49,800 SF

      525 Independence Blvd

      OFFICE BUILDING (MULTI-STORY) • 49,800 SF
      525 Independence Blvd, Virginia Beach, VA 23452-1188
      View Details
    • Value Estimation
      $4,065,000
      31,820 SF

      596 Lynnhaven Pkwy Ste, Unit 100

      OFFICE BUILDING • 31,820 SF
      596 Lynnhaven Pkwy Ste, Virginia Beach, VA 23452-7371
      View Details
    • Value Estimation
      $5,465,000
      49,702 SF

      3500 Virginia Bch Blvd

      OFFICE BUILDING (MULTI-STORY) • 49,702 SF
      3500 Virginia Bch Blvd, Virginia Beach, VA 23452-4445
      View Details
    • Value Estimation
      $5,235,000
      28,745 SF

      441 Viking Dr

      OFFICE BUILDING • 28,745 SF
      441 Viking Dr, Virginia Beach, VA 23452-7309
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      50,000 SF

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      Functional office building for sale in Virginia Beach.
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      Virginia Beach Multi-Use Building

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      35,000 SF

      Virginia Beach Office Building

      Office building located on Lynnhaven Parkway in Virginia Beach.
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      62,300 SF

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    Similar Nearby for Lease

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      20,000 SF

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    • $23 SF/Yr
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      Class A Office in Virginia Beach

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    • $21 SF/Yr
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      Class A Office Space Available

      Two-story office building in Lynnhaven Corridor for lease.
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      Virginia Beach Office Space

      Office building with 12,242 square feet available for rent.
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    • $3,790,000
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      Suburban Office Building For Rent

      Two-story office building in Lynnhaven submarket available for rent.
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      View Details
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      2,044 SF

      Virginia Beach Office Building For Rent

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      View Details
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    780 Lynnhaven Pkwy
    Virginia Beach, VA 23452
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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