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    5900 Virginia Beach Blvd Norfolk, VA 23502

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail center, 13 spaces available.

    Lot size:
    891,281 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Janaf Shopping Yard presents a prime retail investment opportunity in Norfolk County. This expansive center, boasting a total of 891,281 square feet, offers 13 available spaces ranging from 855 to 8,946 square feet, perfect for a variety of uses including retail, restaurants, salons, dental practices, physical therapy, beauty services, financial institutions, and communications businesses. The property sits on 92 acres of land and provides ample parking with 4170 spaces. Its strategic location at the intersection of Virginia Beach Boulevard and Military Highway ensures high visibility and accessibility, further enhanced by its proximity to I-64 and I-264 interstates. Currently, the center has 33,328 square feet of vacant space. Janaf Shopping Yard is a well-established center attracting a diverse clientele, evidenced by an impressive average of 4.72 visits per person. This high-traffic location, coupled with the available space, presents a unique opportunity for businesses seeking strong visibility and a loyal customer base. The property's size and established tenant mix make it an attractive investment for both established businesses and new ventures. The substantial parking capacity ensures convenient access for customers and employees. This is a rare opportunity to secure space in one of the largest centers in its portfolio.

    Property Features for 5900 Virginia Beach Blvd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    891,281 SF

    Unit(s) available at that property

    Space
    Suite 16A (Warehouse Space)
    Size
    2,500 SF
    Space
    Suite 36A (Warehouse Space)
    Size
    2,000 SF
    Space
    Suite 19
    Size
    5,000 SF
    Space
    Suite 115
    Size
    2,074 SF
    Space
    Suite 120
    Size
    3,481 SF
    Space
    Suite 146 - COMING AVAILABLE 3/1/2025
    Size
    855 SF
    Space
    Suite 900
    Size
    8,946 SF
    Space
    Suite 21
    Size
    1,567 SF
    Space
    Suite 116
    Size
    2,298 SF
    Space
    Suite 39
    Size
    7,013 SF
    Space
    Suite 118
    Size
    6,197 SF
    Space
    Suite 814
    Size
    1,500 SF
    Space
    Suite 904
    Size
    4,500 SF

    HighLights

    • 891,281 square foot retail center in Norfolk County.
    • 92 acres of land with 4,170 parking spaces.
    • Multiple tenancy with 13 available spaces ranging from 855 to 8,946 square feet.
    • 33,328 square feet of vacant space.
    • High traffic location at Virginia Beach Boulevard and Military Highway, with easy access to I‑64 and I‑264.
    Property Profile Location Intelligence

    Current Use by Public Records

    UNO Pizzeria & Grill Pizza Restaurant Alliance Physical Therapy Physical Therapy Clinic Mirman Law Firm, ... Attorney janaf Office Riley Counseling and Consulting, ... Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2047039
    Latitude
    36.8602473

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail center, 13 spaces available.
    Where is this individual retail property located?
    The property is located at 5900 Virginia Beach Blvd Norfolk, VA.
    What are key features of this property?
    This property features: 891,281 square foot retail center in Norfolk County.; 92 acres of land with 4,170 parking spaces.; Multiple tenancy with 13 available spaces ranging from 855 to 8,946 square feet.
    Request Owner's contact information
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    Norfolk, VA 23502
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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
    5900 Virginia Beach Blvd Norfolk, VA 23502
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