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    Retail Buildings in Virginia Beach Title is generated by Realmo AI

    3709 Tiffany Ln, Virginia Beach, VA

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    Three retail buildings leased to four tenants in Virginia Beach.

    Type:RETAIL
    Property size:
    19,150 SF
    Lot size:
    1.78 Acres
    Price / SF:
    $180/SF
    Added:
    Mar 24, 2025
    Days on Market:
    449
    Last Refresh:
    May 19 at 10:27 pm

    Property Features for 3709 Tiffany Ln

    General Information

    Standard status
    Active
    Size
    19,150 SF
    Lot size
    1.78 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Larry Rumsey
    Larry Rumsey

    Listing agent Larry Rumsey

    Listing office Riddle Associates, Inc

    Listing date Mar 24, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Riddle Associates, Inc

    HighLights

    • Excellent location near Verizon Amphitheater, Virginia Beach TCC, Norfolk State University Virginia Beach Campus, Sentara Princess Anne Hospital, and Virginia Beach Courthouse.
    • Three retail buildings.
    • Leased to four tenants.
    • Zoned B‑2.
    • Purchase Price: $3,450,000

    Overview

    This property features three retail buildings, currently leased to four tenants. The location is near the Verizon Amphitheater, Virginia Beach TCC, Norfolk State University Virginia Beach Campus, Sentara Princess Anne Hospital, and the Virginia Beach Courthouse. The property is zoned B-2 and has a total size of 19150 square feet.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $298.7k $15.60
    − Vacancy −$12.2k −$0.64
    EGI $286.5k $14.96
    − OpEx −$85.9k −$4.49
    NOI $200.5k $10.47
    19,150 SF · lease $15.60/SF/yr · vacancy 4.10% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.86M
    $2.51M – $3.34M (±1% cap)
    NOI $200,544 @ 7.0% cap · market cap 5.81%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $4.91M
    $4.30M – $5.73M (±1% cap)
    NOI $343,880 @ 7.0% cap · market cap 9.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Blue Dog Pet ... Pet Grooming Service Noble Books Recycling Home Decor Store ATM Atm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    • Coinstar Kiosk - Bitcoin ATM — Food Lion, 3960 Salem Terrace, Virginia Beach, VA 23456
    • Princess Anne Marketplace — Virginia Beach, VA 23453
    • Parkway Shopping Center — Lynnhaven Pkwy, Virginia Beach, VA 23453
    • Princess One Shopping Center — 3809 Princess Anne Rd, Virginia Beach, VA 23456

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach
    State
    Virginia
    Longitude
    -76.1064
    Latitude
    36.7845

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    FAQs

    What type of property is this?
    Shopping center - Three retail buildings leased to four tenants in Virginia Beach.
    Where is this shopping center located?
    The property is located at 3709 Tiffany Ln Virginia Beach, VA.
    What is the asking price?
    The asking price for this property is $3,450,000.
    What are key features of this property?
    This property features: Excellent location near Verizon Amphitheater, Virginia Beach TCC, Norfolk State University Virginia Beach Campus, Sentara Princess Anne Hospital, and Virginia Beach Courthouse.; Three retail buildings.; Leased to four tenants.
    (757) 353-2473 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Larry Rumsey
    Larry Rumsey
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