5461 Wesleyan Dr, Virginia Beach, VA 23455
Portfolio featuring shopping center, net lease, and commercial land.
- Added:
- Mar 5, 2026
- Days on Market:
- 114
- Last Refresh:
- Mar 16 at 2:32 pm
Property Features for 5461 Wesleyan Dr
General Information
- Standard status
- Active
- Size
- 64,059 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 2000
Listing office Riddle Associates, Inc.
Listing date Mar 5, 2026
Source Crexi
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.
HighLights
- Food Lion anchored neighborhood shopping center provides stable, high‑traffic tenancy.
- Corporate 7‑Eleven Net lease offers a reliable income stream.
- Infill commercial land parcel presents development opportunities.
- Portfolio includes diverse property types (shopping center, net lease, land).
- Year Built: 2000 indicates relatively modern construction for the shopping center.
- Neighborhood shopping center provides essential services to the local community.
Overview
Local Financial Insights For Mixed Use
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 | $1.54M | $24.00 |
| − Vacancy | −$123.0k | −$1.92 |
| EGI | $1.41M | $22.08 |
| − OpEx | −$530.4k | −$8.28 |
| NOI | $884.0k | $13.80 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Cypress Point Shopping Ctr — 928 Diamond Springs Rd, Virginia Beach, VA 23455
- Coinstar Kiosk | Bitcoin ATM — Food Lion, 5461 Wesleyan Dr, Virginia Beach, VA 23462
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach
- State
- Virginia
- Longitude
- -76.1706621
- Latitude
- 36.8698752
