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Property profile & analytics
OFF-MARKET
Neighborhood centers

601 Volvo Pkwy Chesapeake, VA 23320

39,940 SF
Property ID
Property summary
AI-generated overview

This exceptional Class A retail strip center, located at 601 Volvo Parkway in Chesapeake, Virginia (zip code 23320), offers a total of 39,940 square feet across a 5.3-acre lot. The property boasts a six-story building with multiple tenancies, currently offering 39,940 square feet of vacant space. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 8,220 square feet, providing flexibility for various retail concepts. Situated in the desirable Greenbrier submarket of Norfolk County, this location benefits from excellent visibility along Volvo Parkway, experiencing over 25,000 vehicles per day. The property's strategic location is directly across from the Summit Pointe development, a significant mixed-use project encompassing 1,000,000 square feet of office space and 1,400 residential units, ensuring a substantial and growing customer base. This presents a unique opportunity to establish a presence in a thriving commercial area with high traffic volume and strong surrounding demographics. The property is ideally suited for businesses seeking high visibility and access to a dense population. Building G offers approximately 2,431 square feet and includes a drive-thru option. The property is a new development.

Property profile
Verified
Property type Neighborhood centers
Total area 39,940 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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