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Multi-Tenant Office Building with Fenced Yard 1806 Hayward Ave 3,400 SF 100% Leased Office Building Chesapeake, VA 23320 $745,000 ($219.12/SF) 9.46% Cap Rate
Investment Highlights
- Fenced-In Lot
- Newly Renovated
- Owner Occupant
- Centrally Located
Executive Summary
-Offered for sale at a 9.46% Cap Rate
-Multi-tenant office / flex property with seven (7) rentable units with sizes ranging from 350 square feet up to 1,200 square feet
-Fenced in lot is concrete with one overhead garage and potential for expansion per Buyer's needs
-Building size is 3,400 square feet
-Lot size is 16,950 square feet or 0.39 acres
-New roof, new HVAC units, new exterior paint, and six out of the seven units were fully renovated within the last three years
-Multi-tenant office / flex property with seven (7) rentable units with sizes ranging from 350 square feet up to 1,200 square feet
-Fenced in lot is concrete with one overhead garage and potential for expansion per Buyer's needs
-Building size is 3,400 square feet
-Lot size is 16,950 square feet or 0.39 acres
-New roof, new HVAC units, new exterior paint, and six out of the seven units were fully renovated within the last three years
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
3,400 SF
Building Class
C
Year Built/Renovated
1974/2023
Price
$745,000
Price Per SF
$219.12
Cap Rate
9.46%
NOI
$70,469
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,400 SF
Building FAR
0.20
Lot Size
0.39 AC
Zoning
B2
Parking
25 Spaces (7.35 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fenced Lot
- Reception
- Storage Space
- Air Conditioning
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Property Taxes
| Parcel Number | 0206001001650 | Improvements Assessment | $190,100 (2025) |
| Land Assessment | $135,500 (2025) | Total Assessment | $325,600 (2025) |
Property Taxes
Parcel Number
0206001001650
Land Assessment
$135,500 (2025)
Improvements Assessment
$190,100 (2025)
Total Assessment
$325,600 (2025)
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Multi-Tenant Office Building with Fenced Yard | 1806 Hayward Ave
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