Retail Opportunity in Dense
2332 Pruden Blvd Suffolk, VA
For Sale
Contact for pricing
Retail space suitable for store, restaurant, or other retail.
Property Size1,800 SF
Lot Size0.69 Acres
Price / SF$230.56
Days on Market525
Property Features for 2332 Pruden Blvd
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.69 Acres
Property subtype
RETAIL
Listing Agency:
Cushman & Wakefield | Thalhimer - Virginia Beach
(757) 718-2583
Listed By:
Tom Dana · License #0225030036
(757) 718-2583
Source:
Moodyscre
Added: Feb 19, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:25AM
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 Cushman & Wakefield | Thalhimer - Virginia Beach
Investment Insights
Based on property information with market context.
This 1,800 square-foot property is suitable for a convenience store, restaurant, or general retail use. It is located at a signalized intersection within a dense retail corridor and benefits from close proximity to surrounding businesses.
Key Highlights
- Ideal for convenience store, restaurant, or retail.
- Located at a signalized intersection.
- Dense retail corridor location.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $21.60 |
| − Vacancy | −$2.1k | −$1.19 |
| EGI | $36.7k | $20.41 |
| − OpEx | −$9.2k | −$5.10 |
| NOI | $27.6k | $15.31 |
1,800 SF · lease $21.60/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$393.7K
$344.5K – $459.3K
NOI $27,556 @ 7.0% cap · market cap 6.64%
Second Best
Retail
$204.1K
$178.6K – $238.1K
NOI $14,288 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$417.1K
$365.0K – $486.6K
NOI $29,196 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail space suitable for store, restaurant, or other retail.
Where is this retail space located?
The property is located at 2332 Pruden Blvd Suffolk, VA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Ideal for convenience store, restaurant, or retail.; Located at a signalized intersection.; Dense retail corridor location.
