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    Retail Space in Southern Center Title is generated by Realmo AI

    7525 Tidewater Dr, Norfolk, VA 23505

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    Retail space available in well-leased shopping center near naval station.

    Added:
    Nov 25, 2025
    Days on Market:
    184
    Last Refresh:
    May 9 at 12:41 am

    Property Features for 7525 Tidewater Dr

    General Information

    Standard status
    Active

    Spaces For Lease

    at 7525 Tidewater Dr Contact us

    We can help!

    Listing Contact
    Christina Mayhugh
    Christina Mayhugh

    Listing agent Christina Mayhugh License #WV0025669

    Listing office The Shopping Center Group | Richmond

    Listing date Nov 25, 2025

    Source Tscg

    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 Shopping Center Group | Richmond

    HighLights

    • High‑traffic location at the corner of Tidewater Drive and Little Creek Road.
    • Anchored by Food Lion and Ross Dress for Less.
    • Located minutes from Norfolk Naval Station.
    • Adjacent to Ross Dress for Less.
    • Low vacancy in a well‑leased center.
    • Custom storefront available.

    Overview

    Located in the Southern Shopping Center, this retail space is anchored by Food Lion, Ross Dress for Less, and other national retailers. An 8,048-square-foot space is available for sublease, situated adjacent to Ross Dress For Less. The shopping center features a diverse mix of grocery, fitness, retail, and restaurant businesses. A custom storefront is available. The property is positioned at the high-traffic corner of Tidewater Drive and Little Creek Road. The location is minutes from Norfolk Naval Station, which has 57,861 military members, 13,435 civilian personnel, and 5,438 contractors. The Walmart across the street is the most trafficked Walmart store in Hampton Roads. Traffic counts are 22,000 ADT on Little Creek and 30,000 ADT on Tidewater Drive. The center has low vacancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    AMERICA'S BEST WINGS Restaurant H&R Block Tax Preparation Southern EyeCare Associates Eye Care Center Viva Salon & Spa ... Nail Salon True Weave Spa Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • Southern — 7525 Tidewater Dr, Norfolk, VA 23505
    • Quick-Tag — Walmart Supercenter, 7530 Tidewater Dr, Norfolk, VA 23505
    • Little Creek Marketplace — E Little Creek Rd, Norfolk, VA 23513
    • Little Creek Gateway Shopping Center — Little Creek Gateway Shopping Center, E Little Creek Rd, Norfolk, VA 23505
    • Coinstar Kiosk | Bitcoin ATM — Food Lion, 7525 Tidewater Dr, Norfolk, VA 23505

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2563
    Latitude
    36.9153

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in well-leased shopping center near naval station.
    Where is this shopping center located?
    The property is located at 7525 Tidewater Dr Norfolk, VA.
    What are key features of this property?
    This property features: High‑traffic location at the corner of Tidewater Drive and Little Creek Road.; Anchored by Food Lion and Ross Dress for Less.; Located minutes from Norfolk Naval Station.
    (804) 673-1100
    We can help!
    Listing Contact
    Christina Mayhugh
    Christina Mayhugh
    Real Estate License ID: WV0025669
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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