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    1091 Norfolk Ave Virginia Beach, VA 23451

    For Lease
    $15 SF/Yr

    Virginia Beach retail space, 1,000 sq ft.

    Lot size:
    17,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail opportunity is located within the Birdneck Community Shoppes, an established neighborhood center situated on a highly visible intersection near the Vibe Creative District in Virginia Beach, Virginia. The property boasts a total of 17,450 square feet and currently features one available suite encompassing 1,000 square feet of versatile space, perfect for a variety of retail uses. The building is located at 1091 Norfolk Ave, Virginia Beach, VA 23451, less than 1.5 miles from the popular Virginia Beach Boardwalk, ensuring high foot traffic and visibility. Ample parking is available, with a generous ratio of 5.69 parking spaces per 1,000 square feet of building area. This prime location offers excellent access to a thriving community and a strong customer base. The property is classified as Commercial Retail in Virginia Beach County and presents a unique chance to establish or expand a business in a desirable area. The single suite layout provides a cohesive and efficient space for a retailer seeking a well-positioned location within a vibrant community. Don't miss this opportunity to secure a prominent retail presence in a high-traffic area of Virginia Beach.

    Property Features for 1091 Norfolk Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,450 SF
    Total Rate
    21812.5

    Unit(s) available at that property

    Space
    Suite 109
    Size
    1,000 SF
    Rate per SF
    $15

    HighLights

    • 1,000 SF retail suite available.
    • Abundant parking: 5.69 spaces per 1,000 SF.
    • Well‑established center at South Birdneck Road and Norfolk Avenue intersection in Virginia Beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    South Beach Grill Bar Virginia Beach WIC ... Women'S Health Clinic Topper's Barber Shop Barber Shop Quick Mart Virgin ... Convenience Store Corner Pizza Pizza Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach
    State
    Virginia
    Longitude
    -75.9980908
    Latitude
    36.8374692

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    FAQs

    What type of property is this?
    Retail property - Virginia Beach retail space, 1,000 sq ft.
    Where is this retail property located?
    The property is located at 1091 Norfolk Ave Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 1,000 SF retail suite available.; Abundant parking: 5.69 spaces per 1,000 SF.; Well-established center at South Birdneck Road and Norfolk Avenue intersection in Virginia Beach.
    Request Owner's contact information
    1091 Norfolk Ave Virginia Beach, VA 23451
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    Virginia Beach, VA 23451
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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
    1091 Norfolk Ave Virginia Beach, VA 23451
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