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    5752 Churchland Blvd Portsmouth, VA 23703

    Sponsored
    For Lease
    $15 SF/Yr

    Grocery-anchored retail center; multiple suites available.

    Lot size:
    154,389 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This thriving 154,389 square foot, grocery-anchored community center presents a unique investment opportunity in the Churchland submarket. The property, situated on 15.79 acres and boasting 482 parking spaces, comprises three single-story buildings constructed in 1965. Currently, there are 28 suites, with 12,055 square feet of vacant space available, offering flexible options ranging from a minimum of 855 square feet to a maximum contiguous space of 6,800 square feet. The center enjoys a prime location with convenient access to I-664 and Route 164, further enhanced by its proximity to Churchland Blvd. & Stamford Rd. Zoned GMU, this established center benefits from a strong tenant roster including Food Lion, Sentara, Family Dollar, Cato Fashions, Jo Jack's Coffee, Popeye's, and H&R Block, among others, representing a diverse mix of grocery, fashion, medical, and restaurant businesses. Recent improvements have been made to the center, enhancing its appeal and functionality. The property's strong demographics within 1, 3, and 5-mile radii contribute to its consistent performance and potential for future growth. This is an exceptional opportunity to acquire space in a well-established and highly visible retail center.

    Property Features for 5752 Churchland Blvd

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    154,389 SF
    Total Rate
    192986.25

    Building Details

    Year Built
    1965
    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    5740 Churchland Blvd.
    Size
    6,800 SF
    Rate per SF
    $15
    Space
    3210-3216 Stamford Street
    Size
    4,200 SF
    Rate per SF
    $15
    Space
    5766 Churchland Blvd.
    Size
    2,700 SF
    Rate per SF
    $15
    Space
    5748 Churchland Blvd.
    Size
    2,600 SF
    Rate per SF
    $16

    HighLights

    • Food Lion‑anchored community center totaling 154,389 square feet.
    • Multiple suites available, ranging from 855 to 6,800 contiguous square feet.
    • 12,055 square feet of vacant space available for lease.
    • Located on Churchland Blvd. & Stamford Rd. in the Churchland submarket, zoned GMU.
    • Features 482 parking spaces across three, one‑story buildings on 15.79 acres.
    • Built in 1965, with recent center improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lin's Garden American Restaurant Churchland Shopping Center 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
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.390728407191
    Latitude
    36.862076465733

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    FAQs

    What type of property is this?
    Community center - Grocery-anchored retail center; multiple suites available.
    Where is this community center located?
    The property is located at 5752 Churchland Blvd Portsmouth, VA.
    What is the lease rate?
    The lease rate is $15-$16 SF/Yr.
    What are key features of this property?
    This property features: Food Lion-anchored community center totaling 154,389 square feet.; Multiple suites available, ranging from 855 to 6,800 contiguous square feet.; 12,055 square feet of vacant space available for lease.
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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
    5752 Churchland Blvd Portsmouth, VA 23703
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