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    5357 E Princess Anne Rd Norfolk, VA 23502

    For Sale
    $795,000

    Retail property with drive-thru, value-add opportunity, high traffic location.

    Property size:
    4,197 SF
    Lot size:
    0.51 Acres

    Property Features for 5357 E Princess Anne Rd

    General Information

    Size
    4,197 SF
    Lot size
    0.51 Acres

    Source: The Kase Group - Corporate Agent Tyler Kolligian

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

    Overview

    Retail Property with Drive Thru

    This retail property presents a value-add opportunity for repositioning, redevelopment, or owner-user scenarios. The property benefits from drive-thru capability. A former 7-Eleven location has 2.5 years remaining on the lease. Kulture Kutz Barber Shop currently operates on a month-to-month basis, with interest in a long-term lease extension. The 7-Eleven reported $2.2 million in sales in 2017. The location benefits from high traffic volume, with 20,000 cars per day, and a population of over 105,000 within a 3-mile radius. The property has a size of 4,197 square feet and is located on E Princess Anne Rd, Norfolk, VA.
    Insight Report Location Intelligence

    Current Use by Public Records

    Kulture Kutz Barber Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Similar Places Nearby

    Target Grocery

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2184434
    Latitude
    36.8733521

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    FAQs

    What type of property is this?
    Grocery and convenience store - Retail property with drive-thru, value-add opportunity, high traffic location.
    Where is this grocery and convenience store located?
    The property is located at 5357 E Princess Anne Rd Norfolk, VA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - High traffic location: 20,000 cars per day and a population of over 105,000 within 3 miles.; - Drive-thru capability.; - Value-add repositioning or redevelopment opportunity.
    (925) 231-1770
    Request Owner's contact information
    5357 E Princess Anne Rd 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
    5357 E Princess Anne Rd Norfolk, VA 23502
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