Two-Tenant Shopping Center For
4336 Virginia Beach Boulevard Virginia Beach, VA 23452
4336 Virginia Beach Boulevard, Virginia Beach, VA, 23452
$1,924,195
For Sale
$1,924,195
Two-tenant shopping center in high profile Pembroke/Thalia area.
Property Size5,150 SF
Lot Size0.40 Acres
Price / SF$373.63
Days on Market535
Property Features for 4336 Virginia Beach Boulevard
General Information
- Standard status
- Active
- Size
- 5,150 SF
- Lot size
- 0.40 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1960
Listing Agency
Corinth Realty LLC
(757) 702-1172
Listed by
Petro Kotarides
Source
Exitrealty
Added: Jan 27, 2025 Checked: Jul 16 at 7:07 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corinth Realty LLC
Investment Insights
Based on property information with market context.
This 5,150-square-foot shopping center is a two-tenant property located in the Pembroke/Thalia area. Situated on a major roadway, the property benefits from a turn lane and 4-way ingress/egress. A pylon sign is available.
Key Highlights
- Located in the high profile area of Pembroke/Thalia.
- Located on major roadway with turn lane & 4‑way ingress/egress.
- 2‑tenant shopping center.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.3k | $15.60 |
| − Vacancy | −$3.3k | −$0.64 |
| EGI | $77.0k | $14.96 |
| − OpEx | −$23.1k | −$4.49 |
| NOI | $53.9k | $10.47 |
5,150 SF · lease $15.60/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$770.5K
$674.2K – $898.9K
NOI $53,932 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,442 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
We Fix It ...
Computer & Electronic Repair
Complete Laptop Repairs ...
Tech Support Center
Smokers World
(Bike/Boat/Book/etc) Store
Smokers World Virginia ...
(Bike/Boat/Book/etc) Store
Batteries Plus
Auto Parts Store
Similar For Sale Nearby
Similar Off Market Nearby
- Town Center Plaza at Downtown — 119 S Independence Blvd, Virginia Beach, VA 23462
- Thalia Village Shoppes — 190 Thalia Village Shoppes, Virginia Beach, VA 23452
- Town Center of Virginia Beach — 222 Central Park Ave, Virginia Beach, VA 23462
- The Town Center of Virginia Beach — 222 Central Park Ave, Virginia Beach, VA 23462
- Collins Square — 4001 Virginia Beach Blvd b120, Virginia Beach, VA 23452
FAQs
What type of property is this?
Shopping center - Two-tenant shopping center in high profile Pembroke/Thalia area.
Where is this shopping center located?
The property is located at 4336 Virginia Beach Boulevard Virginia Beach, VA.
What is the asking price?
The asking price for this property is $1,924,195.
What are key features of this property?
This property features: Located in the high profile area of Pembroke/Thalia.; Located on major roadway with turn lane & 4‑way ingress/egress.; 2‑tenant shopping center.
