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    1261-1275 N Military Hwy Norfolk, VA 23502

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    For Lease
    Contact for pricing

    Retail space near popular retailers and restaurants.

    Property size:
    1,440 SF
    Lot size:
    56.24 Acres

    Property Features for 1261-1275 N Military Hwy

    General Information

    Size
    1,440 SF
    Lot size
    56.24 Acres

    Source: Divaris Real Estate - Richmond Agent Kris Fuller

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

    Overview

    Retail Space in High-Traffic Area

    This retail space, totaling 1,440 square feet, is situated in a location with regional draw, hosting 30 popular retailers and restaurants. The property benefits from the completed expansion of Military Highway, designed to accommodate increasing traffic counts. Its location is less than two miles from both Ikea and Simon Outlet Mall.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

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    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2136623
    Latitude
    36.8670788

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    FAQs

    What type of property is this?
    Shopping center - Retail space near popular retailers and restaurants.
    Where is this shopping center located?
    The property is located at 1261-1275 N Military Hwy Norfolk, VA.
    What are key features of this property?
    This property features: - Home to 30 popular retailers and restaurants with regional draw; - Less than two miles from Ikea and Simon Outlet Mall; - Expansion of military highway complete
    (804) 643-4700
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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
    1261-1275 N Military Hwy Norfolk, VA 23502
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