0 St Pauls Blvd Norfolk, VA 23510
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.