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Property profile & analytics
FOR LEASE
Medical Office Space

816 Independence Blvd Virginia Beach, VA 23455

44,910 SF 3.48 ac lot Built 1977
Entity Owned Absentee Owner Free & Clear
Property ID
US87-3729324
Property summary
AI-generated overview

Bayside Medical Plaza offers exceptional second-generation medical office space for lease in a prime Virginia Beach location. This Class A building, constructed in 1977, boasts a total of 38,016 square feet, with 7,402 square feet currently vacant. Multiple tenancy options are available, ranging from a minimum of 990 square feet to a maximum contiguous space of 3,650 square feet. The property enjoys a highly convenient location on the campus of Sentara Independence, providing easy access to shopping, dining, and the Virginia Beach Town Center. Its central location on Independence Boulevard near Haygood ensures excellent visibility and accessibility. Ample, well-lit on-site parking is provided for tenants and their patients. A significant advantage for prospective tenants is the generous landlord contribution towards tenant improvement costs, making this an attractive opportunity for medical practices seeking a move-in ready space. The full-service lease includes janitorial services, excluding infectious or regulated medical waste. This is a rare opportunity to secure high-quality medical office space in a thriving Virginia Beach location. Contact us today to learn more about available suites and lease terms.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1977
Construction TYPE NOT SPECIFIED
Total area 44,910 SF
Lot 3.48 ac (151,633 SF)
Zoning code O2
APN 14785368320000
UPID US87-3729324
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
  • Sentara Therapy Center - Independence Medical Clinic
  • Gulhan Adam M MD Physician
  • Sentara Pulmonary, Critical Care & Sleep Specialists Medical Clinic
  • Lo Lumsden Physician
  • Catherine Anne Dalton, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.80M
Owner & transaction history
M P B INC
M P B INC
Zoning & alternative use
O2 · 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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