4500 Main StVirginia Beach, VA 23462

Property Details for 4500 Main St

Year built

2010

Construction

CONCRETE

Lot size

0.58 AC

Property size (Sq ft)

116,700 SF

Zone code

B3A

Property type

Office buildings

APN

14775488980000

APU

14775488980000

Description

Two Columbus Center, located at 4500 Main Street in Virginia Beach, VA 23462, offers exceptional Class A office space in the heart of the city's central business district. This prestigious building, situated at the intersection of Constitution Drive and Main Street, is conveniently located north of the Clark Nexsen Building within the Town Center. The property boasts a total of 109,350 square feet, with multiple tenancy options available. Currently, there are 9,191 square feet of vacant space ready for immediate occupancy. Flexible floor plans cater to various business needs, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 5,000 square feet. The building's executive office and professional office spaces are ideal for businesses seeking a sophisticated and efficient work environment. The mixed-use nature of the building offers added convenience and potential for synergy with other businesses. This is a rare opportunity to secure high-quality office space in a thriving Virginia Beach location. Inquire today to learn more about the available suites and lease terms. The property is located in Virginia Beach County.

• CAP approach

  CAP return

  Valuation

  6%

  $27,929,000

  6.5%

  $25,780,600

  7%

  $23,939,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,953,200

  Geo Method

  $19,490,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $51,163,900

  Retail / Commercial

  $26,156,800

  Mixed-Use / Specialty

  $26,000,600

  Hospitality / Lodging

  $18,993,900

  Institutional / Educational

  $27,007,600

  Residential Income

  $31,598,900

  Multifamily

  $38,246,900

  Automotive / Energy

  $23,149,400

  Parking / Income-Based Land

  $8,050,750

  Restaurant / Food Service

  $13,388,800

  Healthcare / Senior Housing

  $26,727,600

Location Insight

City

Virginia Beach

County

Virginia Beach City

State

Virginia

Latitude

36.8424

Longitude

-76.1317

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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