Equipped Conventional
For Sale
$90,000
1766 E Little Creek Road, Norfolk, VA 23518
Commercial/Industrial, Norfolk, VA
Property Size1,100 SF
Lot Size0.50 Acres
Price / SF$81.82
Days on Market61
Property Features for 1766 E Little Creek Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
ROOSEVELT GARDENS
Standard status
Active
Size
1,100 SF
Lot size
0.50 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Utilities
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Central Air
Building Details
Year built
1984
Roof type
Tar/Gravel
Listing Agency:
BHHS RW Towne Realty · Berkshire Hathaway HomeServices
(757) 486-8800
Listed By:
Maria Kidd
(757) 690-0439
Added: Aug 27
Changed: Oct 25
Last Checked: Oct 26 at 12:06PM
MLS# 10650608
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This conventional restaurant offering includes approximately 1,100 square feet within a shopping center setting. The sale includes commercial cooking equipment, a fryer, grills, prep stations, booths, tables, chairs, and existing inventory, providing an established operating setup. The property occupies a 0.5-acre lot and was built in 1984.
Located at 1766 E Little Creek Road in Norfolk, Virginia, the restaurant includes central air conditioning along with a wall/window unit. The building has a tar/gravel roof and electric heating. Showings are available by appointment only, and the offering is structured as a business opportunity with the restaurant furnishings, equipment, and inventory included.
Located at 1766 E Little Creek Road in Norfolk, Virginia, the restaurant includes central air conditioning along with a wall/window unit. The building has a tar/gravel roof and electric heating. Showings are available by appointment only, and the offering is structured as a business opportunity with the restaurant furnishings, equipment, and inventory included.
Key Highlights
- Approximately 1,100 square feet of restaurant space
- 0.5‑acre lot in a shopping center setting
- Commercial kitchen equipment, fryer, grills, and prep stations included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,207
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$144,140
$144.1K
Cap Rate 7%
$102,957
$103.0K
Cap Rate 9%
$80,078
$80.1K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$10.7K $9.72/SF
− Vacancy
−$396 −$0.36/SF
EGI
$10.3K $9.36/SF
− OpEx
−$3.1K −$2.81/SF
NOI
$7.2K $6.55/SF
Area
Norfolk, VA
Vacancy
3.70%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$144,140
Cap Rate 7%
$102,957
Cap Rate 9%
$80,078
Alternative Uses
Best Use
Specialty Retail
$195.8K
$171.4K – $228.5K
NOI $13,709 @ 7.0% cap · market cap 15.23%
Second Best
Industrial
$103.0K
$90.1K – $120.1K
NOI $7,207 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$233.3K
$204.2K – $272.2K
NOI $16,334 @ 7.0% cap · market cap 18.15%
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
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
236k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 32%
Dining 28%
Apparel 17%
Shops & Services 15%
Walmart Neighborhood Market
Groceries
34,367 visits/mo
0.2 miles
Marshalls
Apparel
28,911 visits/mo
0.1 miles
McDonald's
Dining
20,262 visits/mo
0.3 miles
Food Lion Grocery Store
Groceries
19,818 visits/mo
0.2 miles
Big Lots
Superstores
18,991 visits/mo
0.1 miles
Demographics for 23518, VA
30,278
Population
13,911
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
4,964
Density / Sq Mi
$73,899
Median Household Income
$47,605
Median Earnings
$1,348
Median Rent
$280,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Norfolk, VA
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing kitchen equipment, furnishings, and inventory convey with the sale.
Where is this conventional restaurant located?
The property is located at 1766 E Little Creek Road Norfolk, VA.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: Approximately 1,100 square feet of restaurant space; 0.5‑acre lot in a shopping center setting; Commercial kitchen equipment, fryer, grills, and prep stations included
