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Retail Site with Major Road Frontage
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990 Diamond Springs Road, Virginia Beach, VA 23454

Retail site positioned along Diamond Springs Rd with traffic counts of 21,557 VPD and adjacency to Cypress Point Shopping Center.

Property SizeContact for details
Days on Market123

Property Features for 990 Diamond Springs Road

General Information

Standard status Active
Property subtype Retail

Additional Details

Traffic Count 21,557 vehicles/day
Listing Agency: Newmark Richmond
Listed By: Will Bradley · License #VA 225194048
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 12:01PM

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 Newmark Richmond

Investment Insights

Based on property information with market context.

This for-sale retail property is located at 990 Diamond Springs Road. The offering benefits from strong roadway exposure with traffic counts reported at 21,557 vehicles per day along Diamond Springs Rd.

The property sits adjacent to Cypress Point Shopping Center, supporting convenient access to an established retail location. Demographic information provided for the area includes a population count of 200,472 people within a 5-mile radius.

Additional market context in the materials notes projected population growth of 10% over the next 5 years and that the property is located within the Norfolk MSA.

Key Highlights

  • 21,557 VPD along Diamond Springs Rd
  • Adjacent to Cypress Point Shopping Center
  • 200,472 people in a 5‑mile radius

Property Analytics

Current Use

Diamond Springs KinderCare Daycare Center

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Parking Lot & Garage Kitchen & Bath Showroom Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

21,557 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

263
Businesses Nearby
88k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 47% Groceries 41% Dining 13%
Food Lion Grocery Store Groceries
35,726 visits/mo 0.4 miles
7-Eleven Shops & Services
14,507 visits/mo 0.3 miles
Dollar Tree Shops & Services
13,413 visits/mo 0.2 miles
Family Dollar Shops & Services
6,266 visits/mo 0.1 miles
Little Caesars Pizza Dining
5,985 visits/mo 0.3 miles

Demographics for 23454, VA

58,665
Population
24,253
Households
2.4
Avg Household Size
38
Median Age
43%
College-Educated
94%
High-School Grad
22.5 sq mi
ZIP Area
2,607
Density / Sq Mi
$97,835
Median Household Income
$48,961
Median Earnings
$1,600
Median Rent
$401,900
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail site positioned along Diamond Springs Rd with traffic counts of 21,557 VPD and adjacency to Cypress Point Shopping Center.
Where is this retail space located?
The property is located at 990 Diamond Springs Road Virginia Beach, VA.
What are key features of this property?
This property features: 21,557 VPD along Diamond Springs Rd; Adjacent to Cypress Point Shopping Center; 200,472 people in a 5‑mile radius
More about this property
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