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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 St Pauls Blvd Norfolk, VA 23510

45,000 SF
Property ID
Property summary
AI-generated overview

This exceptional 45,000-square-foot retail space presents a unique investment opportunity in the heart of Norfolk, Virginia. Located at the intersection of E. Freemason Street and St. Paul's Boulevard, this single-tenant property is part of a vibrant, mixed-use redevelopment project, Kindred, a public-private partnership between the City of Norfolk, Norfolk Redevelopment & Housing Authority, and Brinshore Development. The project, slated for completion in 2025, will encompass five phases of residential and retail construction, creating a thriving, pedestrian-friendly community with 714 on-site residential units. Demolition and infrastructure work are currently underway, with residential construction commencing this year. This prime location offers unparalleled access to the amenities of Downtown Norfolk, situated within a multi-block area offering various sizes of available space. The development is actively seeking national, regional, and local retailers, restaurants, start-ups, office tenants, non-profit organizations, and community service-focused businesses. Rental rates will be determined based on factors such as space size, location, and business type. This property offers a blank canvas for a wide range of commercial ventures, capitalizing on the significant growth and revitalization occurring in this dynamic area of Norfolk. The property is situated in Norfolk, VA, zip code 23510. The entire 45,000 square feet is currently vacant and available for lease.

Property profile
Verified
Property type Retail properties & Spaces
Total area 45,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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