1301 First Colonial RdVirginia Beach, VA 23454

Property Details for 1301 First Colonial Rd

Year built

2000

Construction

FRAME

Lot size

1.13 AC

Property size (Sq ft)

10,060 SF

Zone code

O2

Property type

Office buildings

APN

24084562360000

APU

24084562360000

Description

This exceptional medical office suite, located at 1301 First Colonial Road #101 in Virginia Beach, VA 23454, offers 400 to 1,000 square feet of versatile space perfect for a single tenant. The property is categorized as a single-tenant medical office within a larger building. The suite boasts a well-designed layout, incorporating a shared waiting area for patient comfort and convenience. A private receptionist desk ensures efficient patient management, while a dedicated procedure room provides a suitable space for examinations or treatments. A separate office offers additional space for administrative tasks or consultations. This turnkey solution is ideal for healthcare professionals seeking a professional and efficient workspace to establish or expand their practice. The suite is equipped to meet the needs of a modern medical practice. Utilities are included, simplifying operational costs. The property's location in Virginia Beach provides excellent accessibility and visibility. The latitude and longitude coordinates are 36.8689606 and -76.0325975 respectively. This is a fantastic opportunity to secure a well-appointed medical office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,124,340

  6.5%

  $1,960,930

  7%

  $1,820,863

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,289,021

  Geo Method

  $1,680,121

• Alternative Use

  Use

  Valuation

  Residential

  $2,431,553

  Hospitality

  $2,227,290

  Educational

  $1,853,079

  Medical

  $1,916,809

  Retail

  $2,882,567

Location Insight

City

Virginia Beach

County

Virginia Beach City

State

Virginia

Latitude

36.8689

Longitude

-76.0327

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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