601 Volvo Pkwy Chesapeake, VA 23320
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.