Share This Listing

Message

930 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Executive Summary

Strong In-Place NOI - Stabilized, fully leased asset generating durable in-place cash flow, supported by a diversified tenant roster anchored by established local operators.
Attractive Weighted Average Lease Term (WALT): 4.95 Years - Well-distributed lease expirations provide near-term income visibility while preserving future rollover optionality.
Core Lynnhaven Corridor Location: Positioned along Lynnhaven Parkway with direct connectivity to I-264, Hilltop, and surrounding residential neighborhoods, benefiting from
strong population density and sustained demand for office and service-oriented tenancy.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
35,421 SF
Building Class
B
Year Built
1985
Price
$5,300,000
Price Per SF
$149.63
Cap Rate
7.33%
NOI
$388,490
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
17,711 SF
Slab To Slab
11’
Building FAR
0.31
Lot Size
2.60 AC
Opportunity Zone
Yes
Zoning
I1 - Office and food and beverage
Parking
112 Spaces (3.16 Spaces per 1,000 SF Leased)

Amenities

  • Banking
  • Bus Line
  • Signage
  • Monument Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Construction
  • -
  • -
  • -

Century Concrete is a privately held concrete contracting company headquartered in Virginia Beach, Virginia. Founded in 1966, the firm provides concrete construction services for commercial, industrial, and public sector projects across the region. Its areas of work include structural concrete, paving, tilt-up construction, and various specialty concrete services. The organization operates from a central corporate office in Virginia Beach and maintains additional offices in Ashland and Springfield, supporting projects throughout the state. Century Concrete manages field operations, project coordination, and administrative functions from its headquarters. As an established contractor, the firm has built a long operating history within the construction sector and continues to deliver services through its workforce of skilled trades and project personnel.

  • Administrative and Support Services
  • -
  • -
  • -

At Kinum, Inc., the commitment is to building relationships grounded in trust and competence, always prioritizing doing the right thing for clients above all else. Unlike the average debt collection agency, Kinum’s comprehensive approach alleviates the burden of accounts receivable collection from office staff, offering a more efficient solution through gentle but effective reminders.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

Title company in Virginia Beach, Virginia founded in 2006.

  • Real Estate
  • -
  • -
  • -

Lonnie Bush Real Estate is a residential real estate brokerage based in Virginia Beach, Virginia, serving clients across the Hampton Roads region. The firm was founded in 2012 and provides services related to residential home sales, buyer representation, seller representation, relocation, investment properties, and property management. Its operations focus primarily on single-family homes, townhomes, condominiums, and small multifamily properties. The brokerage is led by founder and broker Lonnie Bush, a U.S. Navy veteran with experience in residential real estate transactions throughout Coastal Virginia. Over time, the firm has developed a team-based operating structure that supports transaction management, marketing, and client services across multiple market segments. In addition to brokerage services, the company maintains a property management division that handles leasing and ongoing management of residential rental properties on behalf of owners.

  • Real Estate
  • -
  • -
  • -

Osprey Property Management is a residential property management company based in Virginia Beach, Virginia. The firm provides leasing, rent collection, maintenance coordination, and tenant management services for single-family and small multifamily rental properties throughout the Hampton Roads region. Osprey Property Management has operated in the local market since 1999 and focuses on serving individual property owners and real estate investors. The company offers full-service management solutions covering the entire rental lifecycle, including market analysis, property marketing, tenant screening, lease administration, inspections, and ongoing maintenance oversight. Osprey Property Management also administers financial reporting and owner communications through online systems. In addition to traditional management services, the firm markets a guaranteed rent program designed to provide consistent monthly rental income to property owners regardless of occupancy or tenant payment status.

  • Services
  • -
  • -
  • -

Rez Home Services began serving Virginia homeowners in 2018 and has since expanded its property maintenance offerings. The company provides residential and commercial cleaning, landscaping, painting, and maintenance solutions across multiple Virginia cities. Rez Home Services tailors packages to individual client needs and emphasizes quality workmanship. Their service portfolio includes carpet cleaning, pressure washing, and property management support. The company has built a reputation for reliability in the Hampton Roads region through years of experience.

Tenant Industry SF Occupied Rent/SF Lease End
Construction - - -
Administrative and Support Services - - -
Professional, Scientific, and Technical Services - - -
Real Estate - - -
Real Estate - - -
Services - - -
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
1496-56-3182
Land Assessment
$1,584,000
Improvements Assessment
$2,174,800
Total Assessment
$3,758,800
  • Listing ID: 39628295

  • Date on Market: 3/2/2026

  • Last Updated:

  • Address: 770 Lynnhaven Pky, Virginia Beach, VA 23452

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}