2832 Lynnhaven Road
Virginia Beach, Virginia 23452

$950,000

4300 SF Office Building

GROSS RENTAL INCOME (2025): $5,792 PER MONTH, $69,504 PER YEAR

1ST FLOOR LEASES (3) $3742 PER MONTH

2ND FLOOR LEASES (2) $2050 PER MONTH

EXPENSE SUMMARY (2025): $1,133/MO $13,600/YR

TAXES $3,600/YR INSURANCE $ 4,000/YR UTILITIES/ WATER /SEWER $3,600/YR MISC MAINT. $2,400/YR

IN PLACE NOI: $55,904/YR

PROPERTY SUMMARY:

  • 4300 SF 2 STORY OFFICE BLDG WITH 5 LEASED SUITES
  • FIRST FLOOR TENANTS (TAX SERVICE, REAL ESTATE OFFICE, INVESTMENT FIRM)
  • SECOND FLOOR TENANTS (COUNCILING OFFICE, HOME HEALTH CARE BUSINESS OFFICE)
  • RECENTLY RENOVATED
  • FULLY LEASED PROPERTY
  • SHORT TERM LEASES, BELOW MARKET
  • PRIME LOCATION ACROSS FROM REFLECTION’S OFFICE PARK/LYNNHAVEN SUBMARKET
  • IN PLACE NOI $55,904/YR
  • OWNER FINANCING AVAILABLE

 

MONTHLY RENT/INCOME

Suite #100 $500/month Suite #101 $1650 /month Suite #102 $1592/month

Suite #201 $1000 / month Suite #202 $1050 /month

Status

For Sale

Price

$950,000

Size

4300 sq. ft.

Type

Office Building