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    5957 E Virginia Beach Blvd Norfolk, VA 23502

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    For Lease
    $3 SF/Yr ($1,750 /Mo)

    Retail space available in a high-traffic Norfolk shopping center.

    Property size:
    6,000 SF
    Lot size:
    16.85 Acres

    Property Features for 5957 E Virginia Beach Blvd

    General Information

    Size
    6,000 SF
    Lot size
    16.85 Acres

    Source: Colliers | Norfolk Agent Ben Clarke

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

    Overview

    Retail Space in Military Crossing

    Located in the Military Circle corridor of Norfolk, Military Crossing is a 192,000 square foot community center. Anchored by Ollie’s Bargain Outlet and Treasure Hunt, the center benefits from its accessibility to I-64 and I-264, drawing customers from the Hampton Roads region. The property features visibility, ample parking, and monument signage along Virginia Beach Boulevard. This location offers retailers the opportunity to establish a presence in Norfolk’s retail corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Digital Investigations Private Investigator THE ULTRA LOUNGE Restaurant FedEx Drop Box Mailing Service Treasure Hunt Liquidators ... Discount Store Rush My Passport Visa And Passport Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    757koreaSalon&Spa, Norfolk J.A.N.A.F. Shopping Yard, Lash tech, Best Square Shopping Center, Military Crossing

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2008851
    Latitude
    36.8536198

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in a high-traffic Norfolk shopping center.
    Where is this shopping center located?
    The property is located at 5957 E Virginia Beach Blvd Norfolk, VA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - Anchored by Ollie’s Bargain Outlet and Treasure Hunt, attracting consistent customer traffic; - Prime location in Norfolk’s Military Circle corridor; - Easy access to I-64 & I-264, drawing customers from the entire Hampton Roads region
    (757) 490-3300
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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
    5957 E Virginia Beach Blvd Norfolk, VA 23502
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