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    1230 N Military Hwy Norfolk, VA 23502

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    For Lease
    Contact for pricing

    10,900 SF building in dominant retail corridor.

    Property size:
    10,900 SF
    Lot size:
    14.50 Acres

    Property Features for 1230 N Military Hwy

    General Information

    Size
    10,900 SF
    Lot size
    14.50 Acres

    Source: The Shopping Center Group | Newport News Agent Karen Mikulski

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

    Overview

    Norfolk Retail Space For Lease

    A 10,900 square foot building is available for lease in Norfolk's primary retail area. The location offers regional accessibility to I-64 and I-264. Nearby tenants include Target, Super Walmart, Janaf Shopping Center, Home Depot, Lowes and Ikea. The property features adequate parking and pylon signage. Traffic counts are 34,000 AADT on N. Military Highway and 23,000 AADT on E. Virginia Beach Boulevard.
    Location Intelligence

    Current Use by Public Records

    Pep Boys Tire Shop

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2092932
    Latitude
    36.865576

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    FAQs

    What type of property is this?
    Retail space - 10,900 SF building in dominant retail corridor.
    Where is this retail space located?
    The property is located at 1230 N Military Hwy Norfolk, VA.
    What are key features of this property?
    This property features: - Located in Norfolk's dominant retail corridor.; - Regionally accessible to I-64 & I-264.; - High traffic count: N. Military Hwy - 34,000 AADT; E. Va Beach Blvd - 23,000 AADT.
    (757) 722-2500
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    1230 N Military Hwy Norfolk, VA 23502
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    Norfolk, VA 23502
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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
    1230 N Military Hwy Norfolk, VA 23502
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