404 S Parliament Dr
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404 S Parliament Dr
8,740 SF 100% Leased Office Building Virginia Beach, VA 23462 $1,895,000 ($217/SF) 7.52% Cap Rate
Investment Highlights
- Great Location
Executive Summary
2-story office building with beautifully renovated 2nd floor. It is completely rented out with a CAP rate of 7.52%. Currently, 100% occupied for 1 year.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,740 SF
Building Class
C
Year Built
1977
Price
$1,895,000
Price Per SF
$217
Cap Rate
7.52%
NOI
$142,504
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,400 SF
Slab To Slab
12’
Building FAR
0.74
Lot Size
0.27 AC
Zoning
B2 - General Business Zoning. Multiple uses allowed by right.
Parking
22 Spaces (2.45 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
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PROPERTY TAXES
| Parcel Number | 1466-59-2346 | Improvements Assessment | $523,000 |
| Land Assessment | $144,900 | Total Assessment | $667,900 |
PROPERTY TAXES
Parcel Number
1466-59-2346
Land Assessment
$144,900
Improvements Assessment
$523,000
Total Assessment
$667,900
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404 S Parliament Dr
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