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5511 Princess Anne Rd
Virginia Beach, VA 23462
Office Property For Sale
Investment Highlights
- Prime location with strong visibility and ample parking
Executive Summary
**Executive Office & Medical Building | Kempsville**
Position your business in one of Kempsville's most visible and accessible locations. This two-story, freestanding office and medical building offers strong exposure along Princess Anne Road, steady traffic counts, and easy access from both northbound and southbound lanes.
The property features over 17,000 square feet, an elevator, and dual parking lots with Main road signage - ample capacity for clients and staff. Its proximity to Sentara Leigh Hospital and direct access to Interstate 64 and Interstate 264. Conveniently supports medical, professional, and service-based uses.
**Ideal for:**
* Owner-occupants seeking long-term control of their space
* Medical or professional users needing visibility and access
* Investors looking for stable income with existing tenancy
**Property Highlights:**
* Freestanding, two-story building with elevator
* High-visibility frontage on Princess Anne Rd
* 84 parking spaces across two lots
* Multiple suites with recent updates, including HVAC improvements
* Strong signage opportunities to elevate your brand presence
**Lease Structure & Inclusions:**
* Modified gross structure simplifies monthly budgeting
* Landlord covers:
* Common area janitorial (including restrooms and elevator)
* Electric, water, sewer (select suites include gas)
* Tenants control:
* Internet, phone, and security systems
* In-suite HVAC service and maintenance
This property delivers the combination most businesses want: visibility, access, parking, and a professional setting that supports growth.
If you're looking for a location that strengthens your brand and supports long-term success, this checks the boxes.
Position your business in one of Kempsville's most visible and accessible locations. This two-story, freestanding office and medical building offers strong exposure along Princess Anne Road, steady traffic counts, and easy access from both northbound and southbound lanes.
The property features over 17,000 square feet, an elevator, and dual parking lots with Main road signage - ample capacity for clients and staff. Its proximity to Sentara Leigh Hospital and direct access to Interstate 64 and Interstate 264. Conveniently supports medical, professional, and service-based uses.
**Ideal for:**
* Owner-occupants seeking long-term control of their space
* Medical or professional users needing visibility and access
* Investors looking for stable income with existing tenancy
**Property Highlights:**
* Freestanding, two-story building with elevator
* High-visibility frontage on Princess Anne Rd
* 84 parking spaces across two lots
* Multiple suites with recent updates, including HVAC improvements
* Strong signage opportunities to elevate your brand presence
**Lease Structure & Inclusions:**
* Modified gross structure simplifies monthly budgeting
* Landlord covers:
* Common area janitorial (including restrooms and elevator)
* Electric, water, sewer (select suites include gas)
* Tenants control:
* Internet, phone, and security systems
* In-suite HVAC service and maintenance
This property delivers the combination most businesses want: visibility, access, parking, and a professional setting that supports growth.
If you're looking for a location that strengthens your brand and supports long-term success, this checks the boxes.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Medical
Building Size
15,270 SF
Building Class
B
Year Built/Renovated
1987/2025
Price
$2,450,000
Price Per SF
$160.45
Cap Rate
3.22%
NOI
$78,876
Percent Leased
47%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,635 SF
Slab To Slab
12’
Building FAR
0.24
Lot Size
1.49 AC
Zoning
O-2 - Office
Parking
84 Spaces (5.5 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Signage
- Wheelchair Accessible
- Reception
- Balcony
Property Taxes
| Parcel Number | 1467-21-3538 | Improvements Assessment | $987,300 |
| Land Assessment | $777,200 | Total Assessment | $1,764,500 |
Property Taxes
Parcel Number
1467-21-3538
Land Assessment
$777,200
Improvements Assessment
$987,300
Total Assessment
$1,764,500
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