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Retail Space with Signage
New
For Lease
$700/Mo

1507 Halstead Avenue, Norfolk, VA 23502

Commercial/Industrial, Norfolk, VA

Space SizeContact for details
Lot Size1.00 Acre
Days on Market4

Property Features for 1507 Halstead Avenue

General Information

Property type Commercial Lease
Property subtype Other
Subdivision FOX HALL GARDENS
Standard status Active
Size 500 SF
Lot size 1.00 Acre

Amenities

private bathroom

Building Details

Year built 1930
Roof type Tar/Gravel
Listing Agency: Gabriel Rapisardi Real Estate
Listed By: Gabriel Rapisardi
Added: Sep 18 Changed: Sep 21 Last Checked: Sep 21 at 11:06AM
MLS# 10654246

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Investment Insights

Based on property information with market context.

This 500-square-foot retail space occupies a 1930 building with a tar-and-gravel roof. The suite includes a private bathroom, plumbing, electrical service, and individual signage. Recent use was as a hair salon, while the space is also described for office and retail applications.

The property is located at 1507 Halstead Avenue in Norfolk, VA 23502, just off Princess Anne Rd. The parcel is listed at 1 acre, offering a commercial setting for a small-format operation.

Key Highlights

  • 500 square feet of retail space
  • Private bathroom within the space
  • Plumbing and ample electrical service

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Dental Office Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Catering Service

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

NNN (Triple Net)
Lease Type
$2.52 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

535
Businesses Nearby
49k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 53% Groceries 25% Dining 16% Home Improvements & Furnishings 4%
Piggly Wiggly Groceries
12,095 visits/mo 0.4 miles
Dollar Tree Shops & Services
11,028 visits/mo 0.3 miles
Family Dollar Shops & Services
7,110 visits/mo 0.5 miles
Rally's Dining
5,522 visits/mo 0.4 miles
Marathon Shops & Services
3,909 visits/mo 0.5 miles

Demographics for 23502, VA

20,547
Population
8,839
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,075
Density / Sq Mi
$66,467
Median Household Income
$37,213
Median Earnings
$1,335
Median Rent
$244,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Norfolk, VA

$17.81 /SF/Yr
Avg Asking Price
$9.75–$27.95 /SF/Yr
Price Range
4,270 SF
Avg Space Size

This space is priced 6% below the average of $17.81 /SF/Yr.

Vacancy Rate% for Retail in Norfolk, VA

7.9% 2019
9.3% 2020
8.7% 2021
7.9% 2022
6.9% 2023
6.6% 2024
6.6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Compact commercial space with a private bathroom, plumbing, electrical service, and individual signage.
Where is this retail space located?
The property is located at 1507 Halstead Avenue Norfolk, VA.
What is the lease rate?
The lease rate is $700/Mo.
What are key features of this property?
This property features: 500 square feet of retail space; Private bathroom within the space; Plumbing and ample electrical service
More about this property
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