5308 Indian River RdVirginia Beach, VA 23464

Property Details for 5308 Indian River Rd

Year built

1976

Construction

FRAME

Lot size

0.18 AC

Property size (Sq ft)

3,652 SF

Zone code

B2

Property type

Office buildings

APN

14653854100000

APU

14653854100000

Description

This exceptional two-story office building, located at 5308 Indian River Road in Virginia Beach, VA 23464, presents a unique opportunity for a business seeking a prominent presence. The entire 3,652 square foot building is currently available, offering a single, contiguous space ideal for a variety of executive office uses. The building's corner location provides excellent visibility and accessibility, making it an attractive option for businesses seeking high foot traffic and brand recognition. The property boasts a multiple tenancy configuration, although the entire space is currently vacant and ready for immediate occupancy. This presents a rare chance to customize the entire space to perfectly suit your company's specific needs and design preferences. The address is easily accessible from major roadways, ensuring convenient commutes for employees and clients alike. With its impressive size and prime location, this property is an exceptional investment opportunity for businesses seeking a high-profile and functional workspace in the vibrant Virginia Beach market. The building's total square footage is 3,652 square feet, distributed across two stories. This presents a versatile layout adaptable to various office configurations. Don't miss this chance to secure this outstanding commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $767,912

  6.5%

  $708,842

  7%

  $658,211

• Comparable approach

  Method

  Valuation

  Relative Method

  $409,867

  Geo Method

  $609,920

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,404,590

  Retail / Commercial

  $718,497

  Mixed-Use / Specialty

  $714,540

  Hospitality / Lodging

  $522,419

  Institutional / Educational

  $742,335

  Residential Income

  $868,532

  Multifamily

  $1,049,400

  Automotive / Energy

  $636,287

  Parking / Income-Based Land

  $220,953

  Restaurant / Food Service

  $368,661

  Healthcare / Senior Housing

  $734,178

Location Insight

City

Virginia Beach

County

Virginia Beach City

State

Virginia

Latitude

36.798

Longitude

-76.1754

CBSA code

47260

CBSA name

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

Property Tax & Assessments

FAQs

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