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    5394 Kempsriver Dr Virginia Beach, VA 23464

    Sponsored
    For Lease
    $21 SF/Yr

    Virginia Beach Retail, High Traffic Area

    Lot size:
    3,988 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Beautifully renovated Kemps River Center offers prime retail space in a densely populated area of Virginia Beach, Virginia. Located on Kempsriver Drive, directly across from Kempsriver Crossing, this property benefits from exceptional visibility and high traffic volume. The center sits near one of Virginia Beach's busiest intersections, boasting a combined daily traffic count of approximately 100,000 vehicles. The center features multiple suites available, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 1,588 square feet. A total of 2 suites are available within the building, with a combined 2,788 square feet currently vacant. This presents a unique opportunity for businesses seeking high-traffic exposure in a thriving commercial area. The building's recent renovations ensure a modern and attractive space for tenants. The property's strategic location and high visibility make it an ideal choice for retailers looking to establish or expand their presence in a bustling Virginia Beach market. The available space is perfect for a variety of retail uses, offering flexibility for businesses of different sizes. This is a rare opportunity to secure retail space in a high-demand location with significant foot and vehicle traffic. Contact us today to learn more about this exceptional retail opportunity.

    Property Features for 5394 Kempsriver Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,988 SF

    Unit(s) available at that property

    Space
    5394-109
    Size
    1,588 SF
    Rate per SF
    $22
    Space
    5312-101
    Size
    1,200 SF
    Rate per SF
    $21
    Space
    Available Space 2
    Size
    1,200 SF

    HighLights

    • Retail property in Virginia Beach, VA.
    • Multiple suites available, minimum 1,200 sq ft, maximum contiguous 1,588 sq ft.
    • 2 total suites, 2,788 sq ft currently vacant.
    • High‑traffic location near a busy intersection with approximately 100,000 vehicles per day.
    • Beautifully renovated.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pet Supplies Plus ... Pet Store Famous Uncle Al's ... Restaurant Fit Realty Real Estate Agency Kempsriver Center Shopping Mall Jersey Mike's Subs Sandwich 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
    -76.1793536
    Latitude
    36.8004639

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    FAQs

    What type of property is this?
    Retail property - Virginia Beach Retail, High Traffic Area
    Where is this retail property located?
    The property is located at 5394 Kempsriver Dr Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $0.00-$22 SF/Yr.
    What are key features of this property?
    This property features: Retail property in Virginia Beach, VA.; Multiple suites available, minimum 1,200 sq ft, maximum contiguous 1,588 sq ft.; 2 total suites, 2,788 sq ft currently vacant.
    Request Owner's contact information
    5394 Kempsriver Dr Virginia Beach, VA 23464
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    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
    5394 Kempsriver Dr Virginia Beach, VA 23464
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