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    601 Volvo Pkwy Chesapeake, VA 23320

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space, 1,200-8,220 SF Available

    Lot size:
    39,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional Class A retail strip center, located at 601 Volvo Parkway in Chesapeake, Virginia (zip code 23320), offers a total of 39,940 square feet across a 5.3-acre lot. The property boasts a six-story building with multiple tenancies, currently offering 39,940 square feet of vacant space. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 8,220 square feet, providing flexibility for various retail concepts. Situated in the desirable Greenbrier submarket of Norfolk County, this location benefits from excellent visibility along Volvo Parkway, experiencing over 25,000 vehicles per day. The property's strategic location is directly across from the Summit Pointe development, a significant mixed-use project encompassing 1,000,000 square feet of office space and 1,400 residential units, ensuring a substantial and growing customer base. This presents a unique opportunity to establish a presence in a thriving commercial area with high traffic volume and strong surrounding demographics. The property is ideally suited for businesses seeking high visibility and access to a dense population. Building G offers approximately 2,431 square feet and includes a drive-thru option. The property is a new development.

    Property Features for 601 Volvo Pkwy

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,940 SF
    Class
    A

    Building Details

    Stories
    6

    Unit(s) available at that property

    Space
    1st Floor A
    Size
    2,506 SF
    Space
    1st Floor G
    Size
    2,431 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.238769
    Latitude
    36.7671725

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space, 1,200-8,220 SF Available
    Where is this neighborhood center located?
    The property is located at 601 Volvo Pkwy Chesapeake, VA.
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    601 Volvo Pkwy Chesapeake, VA 23320
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    Chesapeake, VA 23320
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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
    601 Volvo Pkwy Chesapeake, VA 23320
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