5759 Princess Anne Rd Virginia Beach, VA 23462
Turnkey commercial space ideal for retail or office use.
Property Features for 5759 Princess Anne Rd
General Information
- Standard status
- Active
- Size
- 1,988 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1971
Listing office Shaffer Realty, LLC
Listing date Mar 11, 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 Shaffer Realty, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Turnkey commercial space ready for immediate occupancy.
- Open studio layout with reception and additional workspace.
- Second‑floor flex space provides versatility.
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 | $31.0k | $15.60 |
| − Vacancy | −$1.3k | −$0.64 |
| EGI | $29.7k | $14.96 |
| − OpEx | −$8.9k | −$4.49 |
| NOI | $20.8k | $10.47 |
