Retail Space For
3705 3709 3717 Tiffany Lane Virginia Beach, VA 23456
For Sale
Contact for pricing
Retail space available, totaling 17,857 square feet.
Property Size17,857 SF
Price / SF$193.20
Days on Market145
Property Features for 3705 3709 3717 Tiffany Lane
General Information
Standard status
Active
Size
17,857 SF
Property subtype
Retail
Listing Agency:
Riddle Associates, Inc.
Listed By:
Larry Rumsey · License #VA
Source:
Crexi
Added: Mar 5
Changed: Jul 10
Last Checked: Jul 27 at 2:02PM
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 Riddle Associates, Inc.
Investment Insights
Based on property information with market context.
This commercial real estate offering consists of retail space with a total area of 17,857 square feet. The property is located on Tiffany Lane in Virginia Beach, Virginia.
Key Highlights
- Retail Property
- 17,857 SqFt
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 | $353.6k | $19.80 |
| − Vacancy | −$11.0k | −$0.61 |
| EGI | $342.6k | $19.19 |
| − OpEx | −$102.8k | −$5.76 |
| NOI | $239.8k | $13.43 |
17,857 SF · lease $19.80/SF/yr · vacancy 3.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.43M
$3.00M – $4.00M
NOI $239,826 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.49M
$3.93M – $5.24M
NOI $314,355 @ 7.0% cap · market cap 9.11%
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 available, totaling 17,857 square feet.
Where is this retail space located?
The property is located at 3705 3709 3717 Tiffany Lane Virginia Beach, VA.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Retail Property; 17,857 SqFt
