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    131 W Ocean View Ave Norfolk, VA 23503

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    For Lease
    Contact for pricing

    Retail space with drive-thru lanes and high visibility.

    Property size:
    2,950 SF
    Lot size:
    7.48 Acres

    Property Features for 131 W Ocean View Ave

    General Information

    Size
    2,950 SF
    Lot size
    7.48 Acres

    Source: S.L. Nusbaum Realty Co - Corporate Agent Tyler Jacobson

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

    Overview

    Retail Space with Drive-Thru Lanes

    Available for rent is a retail space offering 3,000 square feet. The property, formerly a bank building outparcel, includes two drive-thru lanes. Situated on a 0.52752-acre lot, the endcap unit provides significant visibility from Ocean View Avenue.
    Location Intelligence

    Current Use by Public Records

    BB&T Insurance Services Insurance Agency BB&T ATM Atm

    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
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2525189
    Latitude
    36.9548082

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    FAQs

    What type of property is this?
    Bank - Retail space with drive-thru lanes and high visibility.
    Where is this bank located?
    The property is located at 131 W Ocean View Ave Norfolk, VA.
    What are key features of this property?
    This property features: - Endcap unit with high visibility on Ocean View Avenue; - Former bank building with 2 drive-thru lanes; - Outparcel location
    (757) 627-8611
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    Norfolk, VA 23503
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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
    131 W Ocean View Ave Norfolk, VA 23503
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