5700 Thurston AveVirginia Beach, VA 23455

Property Details for 5700 Thurston Ave

Year built

1975

Construction

TYPE NOT SPECIFIED

Lot size

4.29 AC

Property size (Sq ft)

79,378 SF

Zone code

I1

Property type

Office properties

Property subtype

Office buildings

APN

14690345370000

APU

14690345370000

Description

This exceptional Class A office building, located at 5700 Thurston Ave in Virginia Beach, VA 23455, offers 74,740 square feet of premium office space. The two-story building boasts ten suites, with a minimum divisible space of 1,095 square feet and a maximum contiguous space of 13,482 square feet. Currently, 45,653 square feet is available. Renovated in 2009, the property features modern amenities including elevators. Its convenient location within the Airport Industrial Park provides easy access to major transportation arteries, including Interstate 64, the Hampton Roads Bridge Tunnel, and the Chesapeake Bay Bridge Tunnel. The building is less than a mile from Norfolk International Airport and in close proximity to Little Creek Naval Base, making it an ideal location for businesses seeking convenient access to transportation and military installations. The property is zoned as an Opportunity Zone, presenting additional investment advantages. This multi-tenant building offers a variety of options for businesses of all sizes seeking a prestigious and strategically located office space in Virginia Beach. The building's central location and modern amenities make it a highly desirable property for businesses seeking a productive and convenient work environment. Contact us today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $16,762,019

  6.5%

  $15,472,633

  7%

  $14,367,445

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,170,963

  Geo Method

  $13,256,920

• Alternative Use

  Use

  Valuation

  Residential

  $19,186,064

  Hospitality

  $17,574,332

  Educational

  $14,621,638

  Medical

  $15,124,499

  Retail

  $22,744,770

Location Insight

City

Virginia Beach

County

Virginia Beach City

State

Virginia

Latitude

36.8949

Longitude

-76.1825

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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].