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Property profile & analytics
FOR LEASE
Distribution centers

889 Seahawk Cir Virginia Beach, VA 23452

122,678 SF 11.32 ac lot Built 1986
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-1290430
Property summary
AI-generated overview

This exceptional 29,545-square-foot warehouse, located at 889 Seahawk Circle in Virginia Beach, VA 23452, presents a significant leasing opportunity. Built in 1986, the property offers a versatile space ideal for various industrial uses. The entire building is currently vacant, providing immediate occupancy for a single tenant. The warehouse boasts impressive ceiling heights ranging from 16 to 26 feet, allowing for ample storage and operational flexibility. Loading and unloading are facilitated by three loading docks and one drive-in door. The property is equipped with robust 3-phase, 600-amp power, ensuring sufficient capacity for energy-intensive operations. Zoning is designated I-1 (Light Industrial), APZ 1, and is subject to a Navy Air Easement, which potential tenants should review and understand. Situated in Virginia Beach, this warehouse benefits from convenient access to major transportation routes and a skilled workforce. The property's size and features make it suitable for a wide range of industrial businesses seeking a substantial and well-equipped space. Interested parties should conduct their own due diligence regarding zoning regulations and easements. This is a rare opportunity to secure a large, fully vacant warehouse in a prime Virginia Beach location.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1986
Construction TYPE NOT SPECIFIED
Total area 122,678 SF
Lot 11.32 ac (493,099 SF)
Zoning code I1
APN 14966458140000
UPID US87-1290430
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
  • Kauffman Engineering Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$10.47M
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.98M
Blend (final) Blend
$10.14M
Owner & transaction history
889 Seahawk LP · 4 yrs held
889 Seahawk LP
since 2021
Last sale
$9.2M
2 recorded transactions
2021
$9.2M
2016
Price N/A
Zoning & alternative use
I1 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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