Retail Property with 8% Cap
5483 Virginia Beach Blvd Virginia Beach, VA 23462
5483 Virginia Beach Blvd, Virginia Beach, VA, 23462
Contact for pricing
For Sale
Contact for pricing
For sale retail property priced at $2,928,000 and presented with an 8% cap rate.
Property Size16,000 SF
Price / SF$183
Days on Market127
Property Features for 5483 Virginia Beach Blvd
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1986
Listing agency
The Boulder Group
(888) 737-2264
Listed by
Jimmy Goodman · License #IL 471007006
Source
Crexi
Added: Mar 17 Updated: Jul 21 at 1:06AM Checked: Jul 21 at 1:06AM
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 Boulder Group
Investment Insights
Based on property information with market context.
This for-sale retail property is offered with an 8% cap rate and a stated list price of $2,928,000. The property is listed at approximately 16,000 square feet.
The address is 5483 Virginia Beach Blvd, Virginia Beach, VA 23462. Public remarks also cite a demographic detail of 289,000 people within 5 miles, supporting local market reach for retail uses.
The listing is positioned as a retail asset within a broader commercial real estate offering, with the provided summary emphasizing both the projected cap rate and nearby population concentration.
The address is 5483 Virginia Beach Blvd, Virginia Beach, VA 23462. Public remarks also cite a demographic detail of 289,000 people within 5 miles, supporting local market reach for retail uses.
The listing is positioned as a retail asset within a broader commercial real estate offering, with the provided summary emphasizing both the projected cap rate and nearby population concentration.
Key Highlights
- Year built: 1986
- Offered at $2,928,000 with an 8% cap rate
- Retail property with 289,000 people within 5 miles
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 | $249.6k | $15.60 |
| − Vacancy | −$10.2k | −$0.64 |
| EGI | $239.4k | $14.96 |
| − OpEx | −$71.8k | −$4.49 |
| NOI | $167.6k | $10.47 |
16,000 SF · lease $15.60/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.39M
$2.09M – $2.79M
NOI $167,556 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.97M – $3.96M
NOI $237,865 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Guitar Center
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - For sale retail property priced at $2,928,000 and presented with an 8% cap rate.
Where is this retail space located?
The property is located at 5483 Virginia Beach Blvd Virginia Beach, VA.
What is the asking price?
The asking price for this property is $2,928,000.
What are key features of this property?
This property features: Year built: 1986; Offered at $2,928,000 with an 8% cap rate; Retail property with 289,000 people within 5 miles
