Retail Property in Prime
3540 South Plaza Trail Virginia Beach, VA 23452
3540 South Plaza Trail, Virginia Beach, VA, 23452
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For Sale
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Income-producing retail property with high visibility and foot traffic.
Property Size4,935 SF
Price / SF$200.61
Days on Market67
Property Features for 3540 South Plaza Trail
General Information
- Standard status
- Active
- Size
- 4,935 SF
- Property subtype
- Retail
Listing Agency
The Katsias Company
Listed by
Chris Arney · License #VA 0225058745
Source
Crexi
Added: May 13 Checked: Jul 17 at 12:40 pm
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 The Katsias Company
Investment Insights
Based on property information with market context.
This income-producing retail property is situated in a prime location within a heavily residential area, benefiting from high visibility and foot traffic. The property is suitable for retail and service industries. Its location offers proximity to major shopping centers, including Sam's and Walmart, and provides easy access to Interstate 264. The property features a newly paved parking lot with striping. The property size is 4935 square feet and there is one vacancy.
Key Highlights
- Income‑producing property
- Prime location in a heavily residential area with high visibility and foot traffic
- Great for retail and service industries
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 | $77.0k | $15.60 |
| − Vacancy | −$3.2k | −$0.64 |
| EGI | $73.8k | $14.96 |
| − OpEx | −$22.1k | −$4.49 |
| NOI | $51.7k | $10.47 |
4,935 SF · lease $15.60/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$738.3K
$646.0K – $861.4K
NOI $51,681 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,541 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Income-producing retail property with high visibility and foot traffic.
Where is this strip mall located?
The property is located at 3540 South Plaza Trail Virginia Beach, VA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Income‑producing property; Prime location in a heavily residential area with high visibility and foot traffic; Great for retail and service industries
