880 Military Hwy Norfolk, VA 23502
This exceptional 84,087-square-foot retail property, located at 880 Military Highway in Norfolk, Virginia (zip code 23502), presents a unique investment opportunity. The property is a single-tenant building currently housing a recently remodeled Cinemark 18 movie theater. The theater boasts 18 screens and features spacious, reclining seating, providing a premium viewing experience for patrons. Situated within the vibrant Military Circle Mall, this location benefits from significant foot traffic and exposure. The mall itself encompasses 934,000 square feet of retail space, offering a diverse mix of shopping, dining, and entertainment options. This includes a range of retailers, from national brands to local boutiques, catering to a broad customer base. Military Circle Mall is deeply integrated into the local community, hosting family-friendly events and fostering a strong sense of place. The property's location in Norfolk County provides easy access to major transportation routes and a substantial residential population. The entire 84,087 square feet is currently vacant and available for lease, presenting a rare opportunity to acquire a significant retail space in a high-traffic, established shopping center. This property is ideal for a variety of uses, capitalizing on the existing infrastructure and strong community presence.
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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.