Financial
Distress signals
Property profile

816 Independence Blvd Virginia Beach, VA 23455

FOR LEASE
Medical Office Space
Property ID
US87-3729324
44,910 SF 3.48 ac lot Built 1977
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Second-generation medical office space is located on the campus of Sentara Independence in central Virginia Beach on Independence Boulevard near Haygood, with access to shopping, restaurants, and Virginia Beach Town Center. The property includes on-site parking with ample capacity and is designed for medical office use. It is configured for occupancy within a full-service leasing arrangement that includes janitorial service, with exclusions for infectious or regulated medical waste.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$48k
Tax billed · 2024
Assessed value$4.85M
Assessed land$1.10M
Assessed improvement$3.74M
Effective rate0.99%

Value estimate

· Sep 2026
$4.80M
$4.32M – $5.28M
NOI build-up
Gross scheduled income$821k
Vacancy & credit loss−$70k
Operating expenses−$301k
NOI · 2,576,051.43% cap applied$451k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$235/SF
Submarket average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$173 – $326

Cap rate analysis

How does the asset earn?
2,576,051.43%
$451k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
O2
The O-2 Office District is intended for larger scale office and institutional structures and uses in areas where public facilities are av...
General categoryCIVIC_INSTITUTIONAL
JurisdictionVIRGINIA BEACH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.8
Nail Salon11.7
Auto Repair Shop12.2

Location

816 Independence Blvd Virginia Beach, VA 23455
County assessor Recorded deeds · not on file Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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