1808 Salem Rd, Virginia Beach, VA
Retail property available for sale in Virginia Beach, VA.
- Added:
- Dec 26, 2024
- Days on Market:
- 536
- Last Refresh:
- May 20 at 9:39 pm
Property Features for 1808 Salem Rd
General Information
- Standard status
- Active
- Size
- 14,364 SF
- Lot size
- 2.95 Acres
- Property subtype
- RETAIL
Listing agent Jay Burnell License #0225051316
Listing office Parker Burnell Real Estate Group (757) 222-0111
Listing date Dec 26, 2024
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 Parker Burnell Real Estate Group
HighLights
- Retail property available.
- Located in Virginia Beach, VA.
Overview
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 | $224.1k | $15.60 |
| − Vacancy | −$9.2k | −$0.64 |
| EGI | $214.9k | $14.96 |
| − OpEx | −$64.5k | −$4.49 |
| NOI | $150.4k | $10.47 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach
- State
- Virginia
- Longitude
- -76.1215
- Latitude
- 36.7819
