Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    880 Military Hwy Norfolk, VA 23502

    Sponsored
    For Lease
    Contact for pricing

    84,087 SF Movie Theater - Norfolk, VA

    Lot size:
    84,087 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 84,087-square-foot retail property, located at 880 Military Highway in Norfolk, Virginia (zip code 23502), presents a unique investment opportunity. The property is a single-tenant building currently housing a recently remodeled Cinemark 18 movie theater. The theater boasts 18 screens and features spacious, reclining seating, providing a premium viewing experience for patrons. Situated within the vibrant Military Circle Mall, this location benefits from significant foot traffic and exposure. The mall itself encompasses 934,000 square feet of retail space, offering a diverse mix of shopping, dining, and entertainment options. This includes a range of retailers, from national brands to local boutiques, catering to a broad customer base. Military Circle Mall is deeply integrated into the local community, hosting family-friendly events and fostering a strong sense of place. The property's location in Norfolk County provides easy access to major transportation routes and a substantial residential population. The entire 84,087 square feet is currently vacant and available for lease, presenting a rare opportunity to acquire a significant retail space in a high-traffic, established shopping center. This property is ideal for a variety of uses, capitalizing on the existing infrastructure and strong community presence.

    Property Features for 880 Military Hwy

    General Information

    Property type
    Theaters & concert halls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    84,087 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    84,087 SF

    HighLights

    • Excellent highway visibility and accessibility via I‑64, I‑264, Military Highway, and Virginia Beach Blvd.
    • High‑traffic retail location with nearly 1 million square feet of gross leasable area (GLA).
    • Strong tenant mix including national retailers such as Costco, Walmart, Target, and Home Depot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Salon 10 Hair Salon E’s EATS & GRUB Restaurant Mosaic Steel Orchestra Music Instructor Weave Envy Beauty ... Boutique Rainbow Shops Women'S Clothing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk county
    State
    Virginia
    Longitude
    -76.2055415
    Latitude
    36.8516645

    Nearby Similar for Lease

    • $28 SF/Yr
      6,400 SF

      Downtown Norfolk Restaurant/Bar Space

      6,400 SF restaurant/bar with commercial kitchen for lease.
      241 Granby St, Norfolk, VA 23510
      View Details
    • $6,000 /Mo
      3,000 SF

      Office Space with Included Utilities

      First floor office suites with amenities and included utilities.
      6024 Virginia Beach Blvd, Norfolk, VA 23502
      View Details
    • $18 SF/Yr
      1,865 SF

      Professional Office Space Available

      Second-floor office suite with flexible layout and convenient parking.
      1208 Little Creek Rd, Norfolk, VA 23518
      View Details
    • $1.78 SF/Yr
      3,200 SF

      Office Space with Ample Parking

      Office spaces for lease, conveniently located near amenities.
      1512 E Little Creek Rd, Norfolk, VA 23518
      View Details
    • Contact for pricing
      1,500 SF

      Norfolk Retail Space for Lease

      Grocery-anchored shopping center space available in Norfolk, Virginia.
      2300-2376 E Little Creek Rd, Norfolk, VA 23518
      View Details
    • $22 SF/Yr
      6,757 SF

      Class A Office Space Norfolk

      Class A office building in Norfolk's financial district.
      300 E Main St, Norfolk, VA 23510
      View Details
    • Contact for pricing
      1,455 SF

      Retail Space in Norfolk, VA

      Retail space available in up-and-coming Norfolk location.
      2501 Hampton Blvd, Norfolk, VA 23517
      View Details
    • Contact for pricing
      4,397 SF

      Retail Space in Growing Area

      Up-and-coming retail site near naval base and university.
      1215 W 25Th St, Norfolk, VA 23508
      View Details
    • Contact for pricing
      1,209 SF

      Modern Office Space with Amenities

      Renovated office suites with gym, deli, and conference rooms.
      6353 Center Dr, Norfolk, VA 23502
      View Details
    • Contact for pricing
      1,273 SF

      Modern Office Space Ready Now

      Move-in ready office suites with modern amenities and convenient location.
      6387 Center Dr, Norfolk, VA 23502
      View Details
    • Contact for pricing
      2,229 SF

      Retail Space in Norfolk, VA

      Retail space available for rent in Norfolk, Virginia.
      2401 Hampton Blvd, Norfolk, VA 23517
      View Details
    • Contact for pricing

      Retail Space in Southern Center

      Retail space available in well-leased shopping center near naval station.
      7525 Tidewater Dr, Norfolk, VA 23505
      View Details

    FAQs

    What type of property is this?
    Theater & concert hall - 84,087 SF Movie Theater - Norfolk, VA
    Where is this theater & concert hall located?
    The property is located at 880 Military Hwy Norfolk, VA.
    What are key features of this property?
    This property features: Excellent highway visibility and accessibility via I-64, I-264, Military Highway, and Virginia Beach Blvd.; High-traffic retail location with nearly 1 million square feet of gross leasable area (GLA).; Strong tenant mix including national retailers such as Costco, Walmart, Target, and Home Depot.
    Request Owner's contact information
    880 Military Hwy Norfolk, VA 23502
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    880 Military Hwy
    Norfolk, VA 23502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    880 Military Hwy Norfolk, VA 23502
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.