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    737 First Colonial Rd Virginia Beach, VA 23451

    Sponsored
    For Lease
    $32 SF/Yr

    Prime Virginia Beach retail space. Multiple suites available.

    Lot size:
    121,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Marketplace at Hilltop, a 121,000 square foot retail center located at 737 & 729 First Colonial Road, Virginia Beach, VA 23451, presents a unique investment opportunity. Situated on 13 acres at the corner of First Colonial Road and Laskin Road, this center enjoys a highly visible location within the premier Hilltop submarket, serving the affluent Oceanfront and Great Neck residential areas. Built in 2001, the property features 24 suites, with space available ranging from 1,418 to 23,753 contiguous square feet. Currently, there is no vacant space. The center boasts a strong tenant mix, including national brands like Total Wine, Michael's Arts & Crafts, Panera Bread, Chick-fil-A, and Arby's, alongside local favorites such as Le Yaca, Bangkok Garden, and Domoishi. A fitness and wellness synergy is also present with Pure Barre, Orangetheory Fitness, Pearle Vision, and New Balance. The property is zoned Commercial and offers excellent access and visibility. This is an exceptional opportunity to acquire a well-established retail center in a thriving Virginia Beach location.

    Property Features for 737 First Colonial Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    121,000 SF
    Total Rate
    322666.67

    Building Details

    Year Built
    2001

    Unit(s) available at that property

    Space
    Former Boutique Space
    Size
    1,600 SF
    Rate per SF
    $32
    Space
    Pearle Vision Space
    Size
    3,200 SF

    HighLights

    • Prime Virginia Beach retail location on a high‑traffic corridor.
    • High visibility with over 80,000 vehicles per day (VPD) on Laskin Road and First Colonial Road.
    • Convenient interstate access.
    • Strong tenant mix of local and national retailers.
    • On‑site local landlord, property management, marketing, and leasing teams.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bangkok Garden Thai Restaurant Moe's Southwest Grill Caterer Pearle Vision Optometrist Orangetheory Fitness Gym Cold Stone Creamery Ice Cream Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -76.0249565
    Latitude
    36.851601

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    FAQs

    What type of property is this?
    Retail property - Prime Virginia Beach retail space. Multiple suites available.
    Where is this retail property located?
    The property is located at 737 First Colonial Rd Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $0.00-$32 SF/Yr.
    What are key features of this property?
    This property features: Prime Virginia Beach retail location on a high-traffic corridor.; High visibility with over 80,000 vehicles per day (VPD) on Laskin Road and First Colonial Road.; Convenient interstate access.
    Request Owner's contact information
    737 First Colonial Rd Virginia Beach, VA 23451
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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
    737 First Colonial Rd Virginia Beach, VA 23451
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