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    8401 Hampton Blvd Norfolk, VA 23505

    Sponsored
    For Lease
    Contact for pricing

    Grocery-anchored center, Naval Base access.

    Lot size:
    54,287 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Glenwood Shoppes, located at 8401 Hampton Boulevard in Norfolk, Virginia (zip code 23505), presents a unique retail investment opportunity. This 54,287 square foot shopping center, built in 1990, is situated in Norfolk city, offering a single, currently vacant, 1 square foot suite. The property boasts a prime location at the entrance to Naval Station Norfolk, the world's largest naval base, providing unparalleled access to a substantial consumer base. Over 150,000 personnel work at this naval installation, creating a significant and consistent customer flow. The center's grocery anchor further enhances its appeal and draws in a steady stream of shoppers. This property is classified as a retail shopping center with multiple tenancies, although currently only one suite is available. The property's strategic location and proximity to a major employer make it an attractive prospect for businesses seeking high visibility and a large potential customer base. The address is easily accessible and benefits from high traffic volume. This presents a rare chance to establish a business within a well-established and thriving retail environment. Serious inquiries are encouraged.

    Property Features for 8401 Hampton Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,287 SF

    Building Details

    Year Built
    1990

    Unit(s) available at that property

    Space
    Available
    Size
    1 SF

    HighLights

    • Food Lion and Dollar General anchor tenants.
    • Join national tenants Pizza Hut, Subway, and Hair Cuttery.
    • Outparcels include Hardee's, Taco Bell, and a Best Western Hotel.
    • 32,000 vehicles per day traffic count.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thai Best Cuisine Thai Restaurant Daiwa Japanese Restaurant Japanese Restaurant Pizza Hut Pizza Restaurant Grand Champions Barbershop Barber Shop Pamela Infinite Self ... Storage Facility

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Dental Office Clothing Store Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk city
    State
    Virginia
    Longitude
    -76.3200025
    Latitude
    36.9293739

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    FAQs

    What type of property is this?
    Retail property - Grocery-anchored center, Naval Base access.
    Where is this retail property located?
    The property is located at 8401 Hampton Blvd Norfolk, VA.
    What are key features of this property?
    This property features: Food Lion and Dollar General anchor tenants.; Join national tenants Pizza Hut, Subway, and Hair Cuttery.; Outparcels include Hardee's, Taco Bell, and a Best Western Hotel.
    Request Owner's contact information
    8401 Hampton Blvd Norfolk, VA 23505
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    Norfolk, VA 23505
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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
    8401 Hampton Blvd Norfolk, VA 23505
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