Corporate-Leased Automotive Retail
7525 Tidewater Dr Norfolk, VA 23505
For Sale
Contact for pricing
Automotive retail property offered for sale with a desirable long-term corporate lease and long operating history.
Property Size11,620 SF
Price / SF$227.02
Days on Market176
Property Features for 7525 Tidewater Dr
General Information
- Standard status
- Active
- Size
- 11,620 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1963
Listing Agency:
Berkeley Capital Advisors Charlotte
Listed By:
Ransome Foose · License #NC 280948
Source:
Crexi
Added: Jan 28
Changed: Jul 23
Last Checked: Jul 23 at 8:52AM
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 Berkeley Capital Advisors Charlotte
Investment Insights
Based on property information with market context.
This offering includes an automotive retail space with a long operating history and a corporate lease in place. The property is presented for sale as a leased investment, supported by the stated long-term lease structure.
The asset is located at 7525 Tidewater Dr, Norfolk, VA 23505. The listing does not provide additional details on specific improvements or interior configuration.
For buyers seeking a stabilized automotive retail property backed by a long-running operating presence and corporate tenancy, this structure is positioned as the core attribute of the offering.
The asset is located at 7525 Tidewater Dr, Norfolk, VA 23505. The listing does not provide additional details on specific improvements or interior configuration.
For buyers seeking a stabilized automotive retail property backed by a long-running operating presence and corporate tenancy, this structure is positioned as the core attribute of the offering.
Key Highlights
- Automotive retail property built in 1963
- Offered for sale with a long‑term corporate lease
- Long operating history
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 | $198.0k | $17.04 |
| − Vacancy | −$9.5k | −$0.82 |
| EGI | $188.5k | $16.22 |
| − OpEx | −$56.6k | −$4.87 |
| NOI | $132.0k | $11.36 |
11,620 SF · lease $17.04/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.88M
$1.65M – $2.20M
NOI $131,950 @ 7.0% cap · market cap 5.00%
Second Best
Industrial
$1.09M
$951.7K – $1.27M
NOI $76,137 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,551 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
Similar Off Market Nearby
- Bress Auto Services — 7471 Tidewater Dr, Norfolk, VA 23505
- Auto Brakes — 7512 Ave J, Norfolk, VA 23513
- My Mobile Mechanic of Norfolk — 808 Johnstons Rd, Norfolk, VA 23513
- Auto Center — Norfolk, VA 23513
- Walmart Auto Care Centers — 7530 Tidewater Dr, Norfolk, VA 23505
FAQs
What type of property is this?
Auto shop - Automotive retail property offered for sale with a desirable long-term corporate lease and long operating history.
Where is this auto shop located?
The property is located at 7525 Tidewater Dr Norfolk, VA.
What is the asking price?
The asking price for this property is $2,638,000.
What are key features of this property?
This property features: Automotive retail property built in 1963; Offered for sale with a long‑term corporate lease; Long operating history
