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    7635 Granby St Norfolk, VA 23510

    For Sale
    Contact for pricing

    Fully leased retail property near Norfolk's Wards Corner district.

    Property size:
    16,200 SF
    Lot size:
    0.71 Acres

    Property Features for 7635 Granby St

    General Information

    Size
    16,200 SF
    Lot size
    0.71 Acres

    Source: Creoteric Commercial Real Estate Agent Missy Martinovich

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

    Overview

    Retail Property Near Wards Corner

    This fully leased retail property, encompassing 16,200 square feet, is situated near the Wards Corner district of Norfolk, Virginia. The location benefits from a dynamic mix of retail shops, dining options, and entertainment venues, contributing to high customer traffic. This property presents an investment opportunity due to its location and existing tenant base.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar Tree Dollar Store Cannabist Dispensary Norfolk Cannabis Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office 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
    -76.2731444
    Latitude
    36.9161446

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    FAQs

    What type of property is this?
    Strip mall - Fully leased retail property near Norfolk's Wards Corner district.
    Where is this strip mall located?
    The property is located at 7635 Granby St Norfolk, VA.
    What are key features of this property?
    This property features: - Fully leased property, providing immediate rental income.; - Located near the high-traffic Wards Corner district of Norfolk, VA.; - Surrounded by a dynamic mix of retail, dining, and entertainment.
    (757) 270-2788
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    7635 Granby St Norfolk, VA 23510
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    Norfolk, VA 23510
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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
    7635 Granby St Norfolk, VA 23510
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