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    724 First Colonial Rd Virginia Beach, VA 23451

    For Lease
    $18 SF/Yr ($4,500 /Mo)

    3,000 SF retail space in Hilltop Shopping District.

    Property size:
    3,000 SF
    Lot size:
    0.36 Acres

    Property Features for 724 First Colonial Rd

    General Information

    Size
    3,000 SF
    Lot size
    0.36 Acres

    Source: Wynkoop Realty Group Agent J.C. Wynkoop

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

    Overview

    Retail Space with Dedicated Parking

    This 3,000 square foot retail space is located in the Hilltop Shopping District. The property benefits from excellent visibility and exposure off of First Colonial Road. It features dedicated on-site parking. The location is minutes from I-264 and the Laskin Road Gateway/Oceanfront Resort Area.
    Insight Report Location Intelligence

    Current Use by Public Records

    Domes Audio Video ... Home Automation Company Mughal Knots Carpet Store Mughal Knots Rugs Rug Store Mughal Knots Wholesale Wholesaler

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach
    State
    Virginia
    Longitude
    -76.0219051
    Latitude
    36.8518834

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    FAQs

    What type of property is this?
    Retail space - 3,000 SF retail space in Hilltop Shopping District.
    Where is this retail space located?
    The property is located at 724 First Colonial Rd Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - 3,000 SF Retail Space available.; - Dedicated Onsite Parking for customers and staff.; - Located in the desirable Hilltop Shopping District.
    (757) 816-0182
    Request Owner's contact information
    724 First Colonial Rd Virginia Beach, VA 23451
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    Virginia Beach, VA 23451
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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
    724 First Colonial Rd Virginia Beach, VA 23451
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