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Retail Space on Indian River

6229 Indian River Rd Virginia Beach, VA 23464

6229 Indian River Rd, Virginia Beach, VA, 23464
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For Sale
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Retail space available for sale in Virginia Beach, VA.

Property Size2,500 SF
Price / SF$290
AddedMay 22
Days on Market55
Last RefreshMay 27 at 8:17 am

Property Features for 6229 Indian River Rd

General Information

Standard status
Active
Size
2,500 SF
Property subtype
Retail

Building Details

Year Built
2008

Listing office Cushman & Wakefield Thalhimer - Norfolk/Virginia Beach, Virginia

Listing date May 22, 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 Cushman & Wakefield Thalhimer - Norfolk/Virginia Beach, Virginia


Investment Insights

Based on property information with market context.

A 2,500-square-foot retail space is available for sale. The property is located on Indian River Road in Virginia Beach, VA.

Key Highlights

  • Built in 2008
  • Located at 6229 Indian River Road
  • Situated in Virginia Beach, VA

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 $39.0k $15.60
− Vacancy −$1.6k −$0.64
EGI $37.4k $14.96
− OpEx −$11.2k −$4.49
NOI $26.2k $10.47
2,500 SF · lease $15.60/SF/yr · vacancy 4.10% · expense 30.00%

Alternative Uses

Best Use
Retail
$374.0K
$327.3K – $436.4K (±1% cap)
NOI $26,181 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$782.4K
$684.6K – $912.8K (±1% cap)
NOI $54,768 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Beaver Golf Golf Course Your Golf Ball ... Golf Course

Suggested Use

Electrical Service Parking Lot & Garage Cafe & Coffee Shop Garden Center Skin Care Clinic (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store Home Appliance Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Retail space available for sale in Virginia Beach, VA.
Where is this retail space located?
The property is located at 6229 Indian River Rd Virginia Beach, VA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Built in 2008; Located at 6229 Indian River Road; Situated in Virginia Beach, VA
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