5511 Princess Anne RdVirginia Beach, VA 23462
- Office properties
- 16,980 SF
Property Details for 5511 Princess Anne Rd
- Year built
- 1987
- Construction
- FRAME
- Lot size
- 1.49 AC
- Property size (Sq ft)
- 16,980 SF
- Zone code
- O2
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 14672135380000
- APU
- 14672135380000
Description
This two-story, 17,115 square foot Class B office building, located at 5511 Princess Anne Rd, Virginia Beach, VA 23462, offers 2,100 square feet of immediately available space. Built in 1987 and renovated in 2023, the property features one elevator, ample parking in two lots, and excellent visibility on Princess Anne Road, between Hill Prince and Citation. The building is zoned B and sits on 1.5 acres of land. Ideal for executive or medical office use, this multi-tenant building provides convenient access to Interstate 64 and 264, as well as Sentara Leigh Hospital. The minimum divisible space is 2,100 square feet, with a maximum contiguous space of 2,100 square feet currently available. The property boasts prime visibility and exposure to high traffic volume on Princess Anne Road, offering excellent signage opportunities. This is a unique opportunity to establish a presence in a thriving Kempsville business community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,585,617
- 6.5%
- $3,309,800
- 7%
- $3,073,386
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,175,703
- Geo Method
- $2,835,830
-
Alternative Use
- Use
- Valuation
- Residential
- $4,104,152
- Hospitality
- $3,759,381
- Educational
- $3,127,761
- Medical
- $3,235,330
- Retail
- $4,865,406
Location Insight
- City
- Virginia Beach
- County
- Virginia Beach City
- State
- Virginia
- Latitude
- 36.8344
- Longitude
- -76.1784
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].