Virginia Beach Retail Investment
For Sale
$390,000
1361 Virginia Beach Blvd, Virginia Beach, VA 23454
Charming 1,440 SF building ideal for retail ventures.
Property Size1,440 SF
Price / SF$270.83
Days on Market180
Property Features for 1361 Virginia Beach Blvd
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Retail
Building Details
Building Size
1,440 SF
Year Built
1940
Listing Agency:
The Katsias Company
(757) 285-8989
Listed By:
John Katsias
(757) 285-8989
Source:
Katsias
Added: Mar 5
Changed: Aug 31
Last Checked: Aug 31 at 11:01AM
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
Investment Insights
Based on property information with market context.
This 1,440 SF building in Virginia Beach presents a prime investment opportunity for retail or street retail ventures. Its location offers an ideal canvas for a variety of retail uses. The property's zoning allows for numerous possibilities for investors looking to establish a presence in the Virginia Beach area. The property is located in a thriving community, near the Virginia Aquarium & Marine Science Center, the Ocean Breeze Waterpark, and the Town Center. Situated on Virginia Beach Blvd, the area features a mix of shopping, dining, and entertainment options. The location benefits from a coastal vibe and abundant foot traffic.
Key Highlights
- Prime location on Virginia Beach Blvd in a thriving retail district with high foot traffic.
- Versatile zoning suitable for a variety of retail ventures.
- Proximity to popular destinations: Virginia Aquarium, Ocean Breeze Waterpark, and Town Center.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,080
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.2K
$318.7K – $425.0K
NOI $25,497 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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 $390,000.
What are key features of this property?
This property features: Prime location on Virginia Beach Blvd in a thriving retail district with high foot traffic.; Versatile zoning suitable for a variety of retail ventures.; Proximity to popular destinations: Virginia Aquarium, Ocean Breeze Waterpark, and Town Center.
