524 Viking DrVirginia Beach, VA 23452

  • Industrial properties
  • 143,349 SF

Property Details for 524 Viking Dr

Year built
1980
Construction
TYPE NOT SPECIFIED
Lot size
15.00 AC
Property size (Sq ft)
143,349 SF
Zone code
I1
Property type
Industrial properties
APN
14965895040000
APU
14965895040000

Description

This exceptional 155,640-square-foot flex space at 524 Viking Drive in Virginia Beach, VA, presents a unique investment opportunity. Situated on a 15.03-acre lot (13 acres usable) and zoned for light industrial use, this property boasts a substantial warehouse area of 144,654 square feet, complemented by 7,850 square feet of office space within a separate 3,136-square-foot office building. The building features a robust steel frame and block construction, ensuring durability and longevity. Ample parking is available with over 200 spaces. The warehouse benefits from impressive ceiling heights ranging from 17'6" to 22', accommodating a variety of industrial needs. Material handling is facilitated by multiple overhead cranes, each with a 2-ton capacity. Loading is efficient with six dock-high loading doors equipped with levelers and seals, plus one grade-level loading door. The property also includes a comprehensive wet sprinkler system and a heavy electrical system exceeding 8,000 amps, providing ample power for demanding operations. The property's location in Virginia Beach, VA, zip code 23452, offers excellent access to transportation networks and a skilled workforce. This property is ideal for businesses seeking a large, well-equipped industrial or flex space in a prime location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $34,648,180
    Hospitality
    $31,737,546
    Educational
    $26,405,266
    Medical
    $27,313,384
    Retail
    $41,074,856

Location Insight

City
Virginia Beach
County
Virginia Beach City
State
Virginia
Latitude
36.8233
Longitude
-76.0637
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$60,738
$1,263,700
$4,997,900
$6,261,600
-
$1,263,700
$4,997,900
$6,261,600

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