Automotive Retail
3335 N Military Hwy Norfolk, VA 23518
3335 N Military Hwy, Norfolk, VA, 23518
Contact for pricing
For Sale
Contact for pricing
Highway-exposed automotive retail property near Norfolk (ORF) airport, positioned across from Priority Ford and next to Hertz.
Property Size4,000 SF
Price / SF$365
Days on Market414
Property Features for 3335 N Military Hwy
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Retail
Listing agency
Lawrence Fleder
Listed by
Lawrence Fleder · License #FLBO
Source
Crexi
Added: Jun 5, 2025 Updated: Jul 22 at 7:19PM Checked: Jul 22 at 7:19PM
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 Lawrence Fleder
Investment Insights
Based on property information with market context.
This automotive retail property offers highway exposure and is situated among major automotive and rental operators. The surrounding tenant mix includes Priority Ford directly across the street and Hertz Rent a Car immediately next door.
The property is described as having access to Interstate 64 via two interchanges: Norview Ave. and Azalea Garden Rd. Public remarks also cite regional traffic and demand indicators, including 161,382 vehicles per day on I-64 and 5 million passengers per year near Norfolk (ORF) airport.
For additional context, the area is noted as being down the road from Jeep Chrysler and Tesla. The offering is for sale.
The property is described as having access to Interstate 64 via two interchanges: Norview Ave. and Azalea Garden Rd. Public remarks also cite regional traffic and demand indicators, including 161,382 vehicles per day on I-64 and 5 million passengers per year near Norfolk (ORF) airport.
For additional context, the area is noted as being down the road from Jeep Chrysler and Tesla. The offering is for sale.
Key Highlights
- Highway‑exposed automotive retail location near Norfolk (ORF) airport
- Located across from the Priority Ford dealership
- Next to Hertz Rent a Car
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 | $68.2k | $17.04 |
| − Vacancy | −$3.3k | −$0.82 |
| EGI | $64.9k | $16.22 |
| − OpEx | −$19.5k | −$4.87 |
| NOI | $45.4k | $11.36 |
4,000 SF · lease $17.04/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$648.9K
$567.8K – $757.0K
NOI $45,422 @ 7.0% cap · market cap 3.11%
Second Best
Industrial
$374.4K
$327.6K – $436.8K
NOI $26,209 @ 7.0% cap · market cap 1.80%
Theoretical Best
Office A
$848.5K
$742.5K – $990.0K
NOI $59,398 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Boss Auto LLC
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- Chasen's Highway Car Troopers — 5800 Lake Wright Dr ste 100, Norfolk, VA 23502
- Southern dodge chrysler — 2447 N Military Hwy, Norfolk, VA 23513
- A to B Towing & Recovery — 2745 azalea garden rd, norfolk, va 23513
- H & S Automotive & Repair — 2729 Azalea Garden Rd, Norfolk, VA 23513
- Southern Collision Center - Norfolk — 2747 n military hwy, norfolk, va 23518
FAQs
What type of property is this?
Auto shop - Highway-exposed automotive retail property near Norfolk (ORF) airport, positioned across from Priority Ford and next to Hertz.
Where is this auto shop located?
The property is located at 3335 N Military Hwy Norfolk, VA.
What is the asking price?
The asking price for this property is $1,460,000.
What are key features of this property?
This property features: Highway‑exposed automotive retail location near Norfolk (ORF) airport; Located across from the Priority Ford dealership; Next to Hertz Rent a Car
