Freestanding Retail Convenience
8312 Hampton Blvd Norfolk, VA 23505
8312 Hampton Blvd, Norfolk, VA, 23505
Contact for pricing
For Sale
Contact for pricing
Freestanding retail building on a 0.37-acre lot with pylon signage and prior 7-Eleven occupancy.
Property Size2,490 SF
Lot Size0.37 Acres
Price / SF$359.44
Days on Market168
Property Features for 8312 Hampton Blvd
General Information
- Standard status
- Active
- Size
- 2,490 SF
- Lot size
- 0.37 Acres
- Property subtype
- RETAIL
Listing agency
Colliers | Norfolk
(757) 217-1892
Listed by
Ricky Anderson · License #VA 0225 181900
Source
Moodyscre
Added: Feb 3 Updated: Jul 21 at 5:09AM Checked: Jul 21 at 5:09AM
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 Colliers | Norfolk
Investment Insights
Based on property information with market context.
±2,490 SF freestanding retail building on a ±0.37-acre lot. The property was built in 1970 and has a prior 7-Eleven occupancy history of more than 50 years. Zoning is C-C (Community Commercial). Pylon signage is available, providing exposure on Hampton Blvd.
Average daily traffic is reported at 24,000 vehicles on Hampton Blvd & Beechwood Ave. The site is approximately one mile from Norfolk International Terminals and one mile from Norfolk Naval Base.
This offering presents a standalone retail structure with established roadside visibility and Community Commercial zoning suitable for a range of neighborhood retail uses.
Average daily traffic is reported at 24,000 vehicles on Hampton Blvd & Beechwood Ave. The site is approximately one mile from Norfolk International Terminals and one mile from Norfolk Naval Base.
This offering presents a standalone retail structure with established roadside visibility and Community Commercial zoning suitable for a range of neighborhood retail uses.
Key Highlights
- ±2,490 SF freestanding retail building on a ±0.37‑acre lot
- Previously occupied by 7‑Eleven for over 50 years
- Built in 1970; Zoned C‑C (Community Commercial)
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 | $43.3k | $17.40 |
| − Vacancy | −$1.9k | −$0.78 |
| EGI | $41.4k | $16.62 |
| − OpEx | −$10.3k | −$4.15 |
| NOI | $31.0k | $12.46 |
2,490 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$443.3K
$387.9K – $517.2K
NOI $31,032 @ 7.0% cap · market cap 3.47%
Second Best
Retail
$403.9K
$353.4K – $471.3K
NOI $28,275 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$528.2K
$462.2K – $616.3K
NOI $36,975 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
7-Eleven
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Freestanding retail building on a 0.37-acre lot with pylon signage and prior 7-Eleven occupancy.
Where is this grocery and convenience store located?
The property is located at 8312 Hampton Blvd Norfolk, VA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: ±2,490 SF freestanding retail building on a ±0.37‑acre lot; Previously occupied by 7‑Eleven for over 50 years; Built in 1970; Zoned C‑C (Community Commercial)
