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    4700-4736 Princess Anne Rd Virginia Beach, VA 23462

    For Lease
    $19 SF/Yr

    Virginia Beach retail center, 3,000 SF available.

    Lot size:
    32,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Larkspur Square, located at 4700-4736 Princess Anne Road in Virginia Beach, VA 23462, offers prime retail space in the bustling Kempsville area. This multi-tenant commercial center boasts a total of 32,160 square feet, with 3,000 square feet currently vacant. The available space is divisible into units as small as 1,500 square feet, with a maximum contiguous space of 1,500 square feet. The property is strategically situated at the corner of Princess Anne Road and Edwin Drive, providing excellent visibility and accessibility. Its convenient location offers proximity to the Virginia Beach Town Center, ensuring high foot traffic and exposure to a large customer base. Current tenants include Allure Salon & Spa and Yama Sushi, establishing a strong and diverse tenant mix. This presents a unique opportunity for businesses seeking a vibrant and established retail location within a densely populated area of Virginia Beach. The property is situated in Virginia Beach city County. The address is 4700-4736 Princess Anne Road, Virginia Beach, VA 23462.

    Property Features for 4700-4736 Princess Anne Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,160 SF
    Total Rate
    50920

    Unit(s) available at that property

    Space
    Suite 4722
    Size
    1,500 SF
    Rate per SF
    $19
    Space
    Suite 4712
    Size
    1,500 SF
    Rate per SF
    $19

    HighLights

    • 32,000 vehicles per day (VPD).
    • Strong co‑tenancy including Harris Teeter, Petco, Marshall's, Dunkin' Donuts, Wendy's, and CVS.
    • Centrally located in Hampton Roads.
    • Five‑minute drive to Virginia Beach Town Center, I‑264, and Mount Trashmore.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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 city
    State
    Virginia
    Longitude
    -76.1438538
    Latitude
    36.8151354

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    FAQs

    What type of property is this?
    Retail property - Virginia Beach retail center, 3,000 SF available.
    Where is this retail property located?
    The property is located at 4700-4736 Princess Anne Rd Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 32,000 vehicles per day (VPD).; Strong co-tenancy including Harris Teeter, Petco, Marshall's, Dunkin' Donuts, Wendy's, and CVS.; Centrally located in Hampton Roads.
    Request Owner's contact information
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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
    4700-4736 Princess Anne Rd Virginia Beach, VA 23462
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