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    5300 Kempsriver Dr Virginia Beach, VA 23464

    Sponsored
    For Lease
    $22 SF/Yr

    High-traffic retail space available now

    Lot size:
    25,929 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This vibrant retail strip center, Kemps Corner Shoppes, offers exceptional visibility and accessibility at the northeast corner of Kempsville and Kempsriver Roads in Virginia Beach, Virginia. The property boasts a total of 25,929 square feet, currently featuring two suites with one available space ranging from 2,400 to 4,543 square feet. Its prime location within a thriving retail nexus, anchored by Kempsriver Crossing and Fairfield SC, ensures high foot traffic and visibility. Surrounded by major retailers including Harris Teeter, Kroger, Food Lion, and Walgreens, as well as numerous casual and fast-food dining options, this center benefits from a strong customer base. The property enjoys excellent access from Kempsville Road, a major thoroughfare with a daily traffic count of 59,517 vehicles on nearby Indian River Road. A convenient traffic signal ensures easy ingress and egress, and ample parking is available for customers and employees. Current tenants include Navy Federal, Anytime Fitness, and Smoke Shack. Rental rates range from $15 to $22 per square foot. This is a rare opportunity to secure a highly visible retail space in a densely populated and affluent area of Virginia Beach. Don't miss this chance to establish your business in a thriving retail environment.

    Property Features for 5300 Kempsriver Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,929 SF
    Total Rate
    47536.5

    Unit(s) available at that property

    Space
    100
    Size
    2,400 SF
    Rate per SF
    $22

    HighLights

    • Retail spaces available, 2,400 - 4,543 square feet.
    • Excellent Kempsville Road location.
    • High traffic count: 59,517 vehicles per day on Indian River Road.
    • Prime location near a major Virginia Beach intersection.
    • Easy access with traffic signal.
    • Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chanello's Pizza #7 ... Pizza Restaurant Epic Barber and Salon Barber Shop KCH Consulting llc Consultant Greenies Golf Clothing Store Phở VIET 1 Vietnamese Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.1748395
    Latitude
    36.8030959

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space available now
    Where is this retail property located?
    The property is located at 5300 Kempsriver Dr Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Retail spaces available, 2,400 - 4,543 square feet.; Excellent Kempsville Road location.; High traffic count: 59,517 vehicles per day on Indian River Road.
    Request Owner's contact information
    5300 Kempsriver Dr Virginia Beach, VA 23464
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    5300 Kempsriver Dr Virginia Beach, VA 23464
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