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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

737 First Colonial Rd Virginia Beach, VA 23451

121,000 SF 13 ac lot Built 2001
Property ID
Property summary
AI-generated overview

The Marketplace at Hilltop, a 121,000 square foot retail center located at 737 & 729 First Colonial Road, Virginia Beach, VA 23451, presents a unique investment opportunity. Situated on 13 acres at the corner of First Colonial Road and Laskin Road, this center enjoys a highly visible location within the premier Hilltop submarket, serving the affluent Oceanfront and Great Neck residential areas. Built in 2001, the property features 24 suites, with space available ranging from 1,418 to 23,753 contiguous square feet. Currently, there is no vacant space. The center boasts a strong tenant mix, including national brands like Total Wine, Michael's Arts & Crafts, Panera Bread, Chick-fil-A, and Arby's, alongside local favorites such as Le Yaca, Bangkok Garden, and Domoishi. A fitness and wellness synergy is also present with Pure Barre, Orangetheory Fitness, Pearle Vision, and New Balance. The property is zoned Commercial and offers excellent access and visibility. This is an exceptional opportunity to acquire a well-established retail center in a thriving Virginia Beach location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2001
Total area 121,000 SF
Lot 13 ac (566,280 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
Current use
Occupant on record · Public records
  • Bangkok Garden Restaurant
  • Moe's Southwest Grill Take-out & Catering Catering Service
  • Pearle Vision Physician
  • Orangetheory Fitness Gym & Fitness Center
  • Cold Stone Creamery Grocery & Convenience Store Specialty Food Shop
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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