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    1124 Lynnhaven Pkwy Virginia Beach, VA 23452

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    For Sale
    $2,950,000

    12,498 SF retail building on 2.8 acres for sale.

    Property size:
    12,498 SF
    Lot size:
    2.80 Acres

    Property Features for 1124 Lynnhaven Pkwy

    General Information

    Size
    12,498 SF
    Lot size
    2.80 Acres

    Source: Riddle Associates, Inc Agent Bill Brackman

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

    Overview

    Retail Building with Ample Parking

    This retail building, constructed in 1993, offers 12,498 square feet of space on a 2.8-acre site. The property benefits from B2 zoning and includes monument signage. It features ample parking and has been updated with exterior and parking lot improvements. The property is currently leased through mid-2025, generating a net income of $19,315 per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Southeast Veterinary Neurology Veterinarian Shipps Corner Veterinary Care

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach
    State
    Virginia
    Longitude
    -76.0834311
    Latitude
    36.8021211

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    FAQs

    What type of property is this?
    Retail space - 12,498 SF retail building on 2.8 acres for sale.
    Where is this retail space located?
    The property is located at 1124 Lynnhaven Pkwy Virginia Beach, VA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - $19,315 per month net income; - 12,498 Square Feet Building; - Situated on a 2.8 Acre Site
    (757) 377-0971
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    1124 Lynnhaven Pkwy Virginia Beach, VA 23452
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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
    1124 Lynnhaven Pkwy Virginia Beach, VA 23452
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