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    5218-5280 Fairfield Shopping Ctr Virginia Beach, VA 23464
    Property profile & analytics

    5218-5280 Fairfield Shopping Ctr, Virginia Beach, VA 23464

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    • Lifestyle centers
    • 242,570 SF
    • 20.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 5218-5280 Fairfield Shopping Ctr

    Lot size
    20.00 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach
    State
    Virginia
    Longitude
    -76.1661
    Latitude
    36.8149

    Comparable in this City

    • Value Estimation by Request
      6,750 SF

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      Lifestyle centers
      853-855 Kempsville Rd, Virginia Beach, VA 23464
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    • Value Estimation by Request
      1.98 Acres

      1861 Kempsville Rd

      Land
      1861 Kempsville Rd, Virginia Beach, VA 23464
      View Details
    • Value Estimation
      $3,125,000
      24,564 SF

      1001 Kempsville Rd

      MINI-MALL
      1001 Kempsville Rd, Virginia Beach, VA 23464-5501
      View Details
    • Value Estimation
      $515,000
      4,200 SF

      5256 Providence Rd Ste A

      MINI-MALL
      5256 Providence Rd Ste A, Virginia Beach, VA 23464-4214
      View Details
    • Value Estimation
      $735,000
      6,600 SF

      6220 Indian Riv Rd

      MINI-MALL
      6220 Indian Riv Rd, Virginia Beach, VA 23464-3514
      View Details
    • Value Estimation
      $3,495,000
      33,990 SF

      991 Providence Sq Shopping Ctr

      MINI-MALL
      991 Providence Sq Shopping Ctr, Virginia Beach, VA 23464
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,397 SF

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      Land Available in Virginia Beach

      Land for sale at Sandbridge and Princess Anne Road.
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      Land for Sale

      Land available for sale in Virginia Beach, Virginia.
      1861 Kempsville Rd, Virginia Beach, VA 23464
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space on Indian River

      Retail space available for sale in Virginia Beach, VA.
      6229 Indian River Rd, Virginia Beach, VA 23464
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    • $90,000
      0.11 Acres

      Residential Lot in Virginia Beach

      Prime residential lot ready for building in Virginia Beach.
      Carrington Ave, Virginia Beach, VA 23464
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    • Contact for pricing

      Centerville Turnpike Flex Space Available

      Flex space suites available for purchase on Centerville Turnpike.
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    Similar Nearby for Lease

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      3,700 SF

      Freestanding Restaurant Building For Lease

      Freestanding restaurant building with existing upgrades available for lease.
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      Cascades Retail Shops For Lease

      Mixed-use development at Cascades retail shops available for lease.
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      84,414 SF

      Retail Space in High-Traffic Area

      Retail property with high visibility and strong tenant mix.
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      7,344 SF

      Community Center Retail Space Available

      Centrally located retail space in Virginia Beach for lease.
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      Prime Retail Spaces For Lease

      Well-positioned retail spaces with ample parking and high visibility.
      6501-6571 College Park Sq, Virginia Beach, VA 23464
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    • Contact for pricing
      12,381 SF

      Grocery-Anchored Retail Space Available

      Retail space in a dominant, highly visible shopping center.
      5192-5340 Fairfield Shopping Ctr, Virginia Beach, VA 23464
      View Details
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    Virginia Beach, VA 23464
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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