Leased Retail Shopping
6361 Indian River Road Virginia Beach, VA 23464
6361 Indian River Road, Virginia Beach, VA, 23464
Contact for pricing
For Sale
Contact for pricing
Kings Creek Shoppes is a 100% leased retail center totaling 13,670 SF.
Property Size13,670 SF
Price / SF$190.20
Days on Market85
Property Features for 6361 Indian River Road
General Information
- Standard status
- Active
- Size
- 13,670 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing agency
Sands Investment Group - FTL
Listed by
Grant Mogerman · License #SL 3557734
Source
Crexi
Added: Apr 28 Updated: Jul 21 at 12:23PM Checked: Jul 21 at 12:23PM
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 Sands Investment Group - FTL
Investment Insights
Based on property information with market context.
Kings Creek Shoppes is a retail shopping center offered for sale as a fully leased asset. The property totals 13,670 SF and is presented as 100% occupied, providing in-place retail income.
The center is located at 6361–6365 Indian River Road in Virginia Beach, Virginia Beach, VA 23464.
This offering is being marketed for investors seeking a secured retail investment supported by the stated strong in-place income and an attractive cap rate.
The center is located at 6361–6365 Indian River Road in Virginia Beach, Virginia Beach, VA 23464.
This offering is being marketed for investors seeking a secured retail investment supported by the stated strong in-place income and an attractive cap rate.
Key Highlights
- 100% leased retail center totaling 13,670 SF (Kings Creek Shoppes)
- 13,670 SF retail center located at 6361‑6365 Indian River Road, Virginia Beach, VA
- Year built: 2008
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 | $213.3k | $15.60 |
| − Vacancy | −$8.7k | −$0.64 |
| EGI | $204.5k | $14.96 |
| − OpEx | −$61.4k | −$4.49 |
| NOI | $143.2k | $10.47 |
13,670 SF · lease $15.60/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.05M
$1.79M – $2.39M
NOI $143,156 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.28M
$3.74M – $4.99M
NOI $299,471 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Blessed Styles Salon
Hair Salon
Envision Tattoo Gallery
Tattoo & Piercing Shop
DROP Fitness
Gym & Fitness Center
ByCarrero All About ...
Nail Salon
Shawntay's School of Creative ...
Vocational School
Similar For Sale Nearby
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — 880 S Military Hwy, Virginia Beach, VA 23464
- Pure Fuel Gas — 6621 Indian River Rd, Virginia Beach, VA 23464
- Reon Plaza Shopping Center — 977 Reon Dr, Virginia Beach, VA 23464
- Burlington Plaza Shopping Center — Virginia Beach, VA 23464
- College Park Square — College Park Square, Virginia Beach, VA 23464
FAQs
What type of property is this?
Shopping center - Kings Creek Shoppes is a 100% leased retail center totaling 13,670 SF.
Where is this shopping center located?
The property is located at 6361 Indian River Road Virginia Beach, VA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 100% leased retail center totaling 13,670 SF (Kings Creek Shoppes); 13,670 SF retail center located at 6361‑6365 Indian River Road, Virginia Beach, VA; Year built: 2008
