Retail Business for
3116 Western Branch Boulevard Chesapeake, VA 23321
3116 Western Branch Boulevard, Chesapeake, VA, 23321
$1,500,000
For Sale
$1,500,000
COMMERCIAL - Chesapeake, VA
Property Size7,200 SF
Price / SF$208.33
Days on Market50
Property Features for 3116 Western Branch Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B4
- Standard status
- Active
- Size
- 7,200 SF
Taxes and HOA fees
- Tax Annual Amount
- 99999
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1968
- Roof type
- Tar/Gravel
Listing Agency
BHHS RW Towne Realty
(757) 935-9000
5857 Harbour View Blvd #100, Chesapeake, VA
Listed by
Christina Pyon
(757) 690-0439
Added: Jun 2 Checked: Jul 21 at 3:06 am
MLS# 10637558
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.
Investment Insights
Based on property information with market context.
This for-sale offering is positioned as a business-only transaction, with the sale including the existing inventory. The property is identified as retail space and is presented as turn-key for continued operation upon transfer.
The asset is located at 3116 Western Branch Boulevard in Chesapeake, Virginia, within B4 zoning. Please note the seller’s instruction: do not disturb customers or employees.
For a buyer seeking to acquire a ready-to-operate retail operation, this package is structured around a business-only purchase with inventory included. The B4 zoning designation may be relevant for parties evaluating whether their intended retail use aligns with the property’s current zoning category. Interested buyers should plan to evaluate the transaction details and confirm how the included inventory supports immediate continuity of operations after closing.
The asset is located at 3116 Western Branch Boulevard in Chesapeake, Virginia, within B4 zoning. Please note the seller’s instruction: do not disturb customers or employees.
For a buyer seeking to acquire a ready-to-operate retail operation, this package is structured around a business-only purchase with inventory included. The B4 zoning designation may be relevant for parties evaluating whether their intended retail use aligns with the property’s current zoning category. Interested buyers should plan to evaluate the transaction details and confirm how the included inventory supports immediate continuity of operations after closing.
Key Highlights
- Forced air heating with central air cooling
- Roof is tar/gravel
- Year built: 1968
Local Financial Insights For 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 | $102.8k | $14.28 |
| − Vacancy | −$5.6k | −$0.77 |
| EGI | $97.3k | $13.51 |
| − OpEx | −$29.2k | −$4.05 |
| NOI | $68.1k | $9.46 |
7,200 SF · lease $14.28/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$972.6K
$851.1K – $1.13M
NOI $68,085 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,954 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Zero's Subs
Take-out & Catering
Poplar Hill Plaza
Shopping Center & Mall
J's Beauty Outlet
(Bike/Boat/Book/etc) Store
Quick Appliance Repair ...
Home Appliance Store
Best Appliance Repair ...
Home Appliance Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Turn-key retail business sale with inventory included, offered for business-only transfer under B4 zoning.
Where is this retail space located?
The property is located at 3116 Western Branch Boulevard Chesapeake, VA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Forced air heating with central air cooling; Roof is tar/gravel; Year built: 1968
