Retail Building in Virginia
1361 Virginia Beach Blvd, Virginia Beach, VA 23454
For Sale
$430,000
Charming 1,440 SF building ideal for retail ventures.
Property Size1,440 SF
Days on Market355
Property Features for 1361 Virginia Beach Blvd
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
The Katsias Company
Listed By:
John Katsias
(757) 285-8989
Source:
Katsias
Added: Nov 25, 2025
Changed: Nov 13
Last Checked: Nov 12 at 5:42AM
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 The Katsias Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This charming 1,440 SF building is positioned for a retail or street retail investor. With its historic appeal and excellent location in Virginia Beach, this property offers an ideal space for a variety of retail ventures. The zoning opens up possibilities for the investor looking to establish a presence in the area.
Key Highlights
- Excellent location in the thriving Virginia Beach area.
- Versatile zoning allows for numerous retail ventures.
- Ideal for retail or street retail investment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,080
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,600
$301.6K
Cap Rate 7%
$215,429
$215.4K
Cap Rate 9%
$167,556
$167.6K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$22.5K $15.60/SF
− Vacancy
−$921 −$0.64/SF
EGI
$21.5K $14.96/SF
− OpEx
−$6.5K −$4.49/SF
NOI
$15.1K $10.47/SF
Area
ZIP 23454
Vacancy
4.10%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,600
Cap Rate 7%
$215,429
Cap Rate 9%
$167,556
Alternative Uses
Best Use
Retail
$215.4K
$188.5K – $251.3K
NOI $15,080 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.2K
$318.7K – $425.0K
NOI $25,497 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
3,305 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Virginia Beach
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Charming 1,440 SF building ideal for retail ventures.
Where is this retail space located?
The property is located at 1361 Virginia Beach Blvd Virginia Beach, VA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Excellent location in the thriving Virginia Beach area.; Versatile zoning allows for numerous retail ventures.; Ideal for retail or street retail investment.
