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    201 E Berkley Ave Norfolk, VA 23523

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    For Lease
    Contact for pricing

    Retail spaces available near Berkley Supermarket, Norfolk.

    Property size:
    27,805 SF
    Lot size:
    5.77 Acres

    Property Features for 201 E Berkley Ave

    General Information

    Size
    27,805 SF
    Lot size
    5.77 Acres

    Source: Colliers | Norfolk Agent Natalie Hucke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near Berkley Supermarket

    Retail spaces are available for rent, including a potential gas station site with pumps already installed. The location benefits from heavy daytime traffic due to its proximity to the Shipyard and offers easy access to I-464. It is also located minutes from Downtown Norfolk. A new 27,805 square foot Berkley Supermarket has recently opened in this underserved grocery market. Current co-tenants include Berkley Supermarket, Family Dollar, Sal’s Pizza & China Town.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sal's NY Pizza Pizza Restaurant Berkley Center Grocery Store Berkeley soul food ... American Restaurant Margo Bitcoin ATM Atm Bank of America ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2823123
    Latitude
    36.8316095

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    FAQs

    What type of property is this?
    Grocery and convenience store - Retail spaces available near Berkley Supermarket, Norfolk.
    Where is this grocery and convenience store located?
    The property is located at 201 E Berkley Ave Norfolk, VA.
    What are key features of this property?
    This property features: - Anchored by new 27,805 sf Berkley Supermarket in an underserved grocery market.; - Heavy daytime traffic driven by the Shipyard.; - Potential gas station site with pumps in place.
    (757) 490-3300
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    201 E Berkley Ave Norfolk, VA 23523
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    Norfolk, VA 23523
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201 E Berkley Ave Norfolk, VA 23523
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