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    1101 Little Creek Rd Norfolk, VA 23518

    Sponsored
    For Lease
    $13 SF/Yr ($10,143 /Mo)

    9,363 SF Vacant Retail Building

    Lot size:
    9,363 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9,363-square-foot retail space, formerly a Rite Aid, presents a unique investment opportunity in Norfolk, Virginia. Located at 1101 E Little Creek Rd, 23518, this single-tenant building sits on a 0.88-acre lot and is zoned C-C. The property boasts a striking architectural storefront entrance, complemented by monument signage, ensuring high visibility and brand recognition. Constructed of masonry, steel, and glass, the building offers grade-level loading for convenient access and efficient operations. The strategic location provides excellent ingress and egress, with curb cuts connecting to major thoroughfares. Multiple interchanges to and from I-64 offer unparalleled accessibility for customers and employees. The entire 9,363 square feet is currently vacant, providing a blank canvas for a wide range of retail uses. This property represents a rare chance to acquire a well-located, high-visibility retail space in a thriving Norfolk market. The building's solid construction and prime location make it an ideal investment for both established businesses and new ventures seeking a strong foothold in the area. The ample space and convenient access make it suitable for a variety of retail concepts. This is a truly exceptional opportunity to secure a prominent retail presence in a high-traffic area.

    Property Features for 1101 Little Creek Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,363 SF
    Total Rate
    10143.25

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    9,363 SF
    Rate per SF
    $13

    HighLights

    • High‑traffic corner lot at E. Little Creek Rd and Chesapeake Blvd.
    • Strong retail location anchored by a Super Walmart and multiple Food Lions, with diverse fast‑food options.
    • Serves the densely populated Ocean View, Bay View, and Larrymore Lawn communities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Little Caesars Pizza Pizza Restaurant Homemade Pierogi Food Manufacturer Coinhub Bitcoin ATM ... Atm higi Health Consultant Frank T. Kwabia, ... Pharmacy

    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
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2409214
    Latitude
    36.9140481

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    FAQs

    What type of property is this?
    Retail property - 9,363 SF Vacant Retail Building
    Where is this retail property located?
    The property is located at 1101 Little Creek Rd Norfolk, VA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: High-traffic corner lot at E. Little Creek Rd and Chesapeake Blvd.; Strong retail location anchored by a Super Walmart and multiple Food Lions, with diverse fast-food options.; Serves the densely populated Ocean View, Bay View, and Larrymore Lawn communities.
    Request Owner's contact information
    1101 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
    1101 Little Creek Rd Norfolk, VA 23518
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