Retail Space For
For Sale
Contact for pricing
3705 3709 3717 Tiffany Lane, Virginia Beach, VA 23456
Retail space available, totaling 17,857 square feet.
Property Size17,857 SF
Price / SF$193.20
Days on Market223
Property Features for 3705 3709 3717 Tiffany Lane
General Information
Standard status
Active
Size
17,857 SF
Property subtype
Retail
Zoning
B-2
Building Details
Tenancy
Multi
Listing Agency:
Riddle Associates, Inc.
Listed By:
Larry Rumsey · License #VA
(757) 353-2473
Source:
Crexi
Added: Mar 5
Changed: Sep 30
Last Checked: Oct 12 at 6:34PM
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
Estimated NOI and Cap Rate
NOI / Yr
$239,826
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,796,520
$4.8M
Cap Rate 7%
$3,426,086
$3.4M
Cap Rate 9%
$2,664,733
$2.7M
Market Conditions
NOI Build-Up for 17,857 SF
Gross rent
$353.6K $19.80/SF
− Vacancy
−$11.0K −$0.61/SF
EGI
$342.6K $19.19/SF
− OpEx
−$102.8K −$5.76/SF
NOI
$239.8K $13.43/SF
Area
ZIP 23456
Vacancy
3.10%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,796,520
Cap Rate 7%
$3,426,086
Cap Rate 9%
$2,664,733
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
164k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 59%
Dining 33%
Shops & Services 6%
Hotels & Casinos 2%
Target
Superstores
96,299 visits/mo
0.3 miles
Panda Express
Dining
22,961 visits/mo
0.1 miles
Wendy's
Dining
21,849 visits/mo
0.2 miles
7-Eleven
Shops & Services
9,453 visits/mo
0.1 miles
Tropical Smoothie Cafe
Dining
5,877 visits/mo
0.3 miles
Demographics for 23456, VA
59,454
Population
22,071
Households
2.7
Avg Household Size
39
Median Age
46%
College-Educated
95%
High-School Grad
50.1 sq mi
ZIP Area
1,187
Density / Sq Mi
$128,403
Median Household Income
$58,827
Median Earnings
$1,928
Median Rent
$455,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
