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Turnkey Commercial Kitchen Near Ghent

813 W 39th St Norfolk, VA 23508

813 W 39th St, Norfolk, VA, 23508
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Former cafe with commercial kitchen near Ghent neighborhood.

Property Size943 SF
Price / SF$317.07
AddedMay 27
Days on Market50
Last RefreshMay 27 at 8:23 am

Property Features for 813 W 39th St

General Information

Standard status
Active
Size
943 SF
Property subtype
RETAIL

Listing office Creoteric Commercial Real Estate

Listing date May 27, 2026

Source Moodyscre

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 Creoteric Commercial Real Estate


Investment Insights

Based on property information with market context.

This property, formerly a cafe, features a turnkey commercial kitchen with included equipment. Located near the Ghent neighborhood and Colley Avenue, the property was renovated in 2024. Renovations include a new roof, a new HVAC system, and kitchen updates and improvements. The property has a size of 943 square feet. It is suitable for coffee shops, restaurants, commercial kitchens, and other commercial real estate ventures.

Key Highlights

  • Turnkey commercial kitchen with included equipment.
  • Renovated in 2024 with new roof, HVAC, and kitchen updates.
  • Located near Ghent neighborhood and Colley Ave.

Local Financial Insights For Specialty 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 $16.4k $17.40
− Vacancy −$738 −$0.78
EGI $15.7k $16.62
− OpEx −$3.9k −$4.15
NOI $11.8k $12.46
943 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$167.9K
$146.9K – $195.9K (±1% cap)
NOI $11,752 @ 7.0% cap · market cap 3.93%
Second Best
Industrial
$88.3K
$77.2K – $103.0K (±1% cap)
NOI $6,179 @ 7.0% cap · market cap 2.07%
Theoretical Best
Office A
$200.0K
$175.0K – $233.4K (±1% cap)
NOI $14,003 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Renovations & Innovations Construction Company

Suggested Use

Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Nursing Home Nursing Home Tanning Salon Plumbing Service Pet Grooming Service Fish Market

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

Similar Off Market Nearby

  • Edible Arrangements — 520 W 21st St, Norfolk, VA 23517
  • Town Center Cold Pressed - Ghent — 1902 Colley Ave, Norfolk, VA 23517
  • The Artist Vibez Cafe — 2200 Colonial Ave suite 20, Norfolk, VA 23517
  • Cold Stone Creamery — 520 W 21st St Ste C, Norfolk, VA 23517
  • C4 Cafe Ghent — 2200 Colonial Ave Suite 19, Norfolk, VA 23517

FAQs

What type of property is this?
Coffee shop - Former cafe with commercial kitchen near Ghent neighborhood.
Where is this coffee shop located?
The property is located at 813 W 39th St Norfolk, VA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Turnkey commercial kitchen with included equipment.; Renovated in 2024 with new roof, HVAC, and kitchen updates.; Located near Ghent neighborhood and Colley Ave.
Contact an agent
(757) 270-2788 Call to check price and availability
More about this property
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