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    2300 Little Creek Rd Norfolk, VA 23518

    Sponsored
    For Lease
    $8 SF/Yr

    Norfolk Retail Center: Spaces Available

    Lot size:
    109,185 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Roosevelt Gardens Shopping Center presents a prime retail investment opportunity in Norfolk, Virginia. This established 109,185-square-foot neighborhood shopping center boasts a diverse tenant mix, including a blend of national, regional, and local businesses. The center is anchored by a Save-A-Lot grocery store, ensuring consistent foot traffic and a strong customer base. Currently, there are three available spaces ranging in size from 1,125 square feet to 7,500 square feet, providing flexibility for various retail concepts. The low vacancy rate of only 678 square feet speaks to the center's desirability and strong occupancy. Its convenient location in Norfolk offers excellent accessibility and visibility, making it an ideal location for businesses seeking to establish or expand their presence in a thriving community. The property's established tenant base and strong anchor tenant create a stable and attractive investment opportunity. The available spaces offer a chance to become part of a successful and well-established retail center in a high-traffic area. This is an exceptional opportunity to secure a space in a thriving shopping center with a proven track record. The size range of available spaces allows for a variety of business types and expansion plans. Contact us today to learn more about this exciting opportunity.

    Property Features for 2300 Little Creek Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    109,185 SF
    Total Rate
    72790

    Unit(s) available at that property

    Space
    Available Space 4
    Size
    6,935 SF
    Rate per SF
    $10
    Space
    Available Space 12
    Size
    7,500 SF
    Rate per SF
    $12
    Space
    Available Space 3
    Size
    1,125 SF
    Rate per SF
    $15

    HighLights

    • 109,185 SF retail shopping center in Norfolk, VA.
    • Grocery‑anchored with a mix of national, regional, and local tenants.
    • Currently 678 SF vacant.
    • Three available spaces ranging from 1,125 SF to 7,500 SF.
    • Save‑A‑Lot anchors the center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dunkin' Coffee Shop Valhalla Rose Tattoo ... Tattoo And Piercing Shop Roosevelt Gardens Shopping ... Shopping Mall

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.21858
    Latitude
    36.9158666

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    FAQs

    What type of property is this?
    Lifestyle center - Norfolk Retail Center: Spaces Available
    Where is this lifestyle center located?
    The property is located at 2300 Little Creek Rd Norfolk, VA.
    What is the lease rate?
    The lease rate is $10-$15 SF/Yr.
    What are key features of this property?
    This property features: 109,185 SF retail shopping center in Norfolk, VA.; Grocery-anchored with a mix of national, regional, and local tenants.; Currently 678 SF vacant.
    Request Owner's contact information
    2300 Little Creek Rd Norfolk, VA 23518
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    Norfolk, VA 23518
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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
    2300 Little Creek Rd Norfolk, VA 23518
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