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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

4605 Columbus St Virginia Beach, VA 23462

103,000 SF
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located in the heart of Virginia Beach Town Center, a vibrant hub of activity boasting a substantial daytime population fueled by 934 residences, two major hotels (The Westin and Hilton), and a thriving 450,000 square foot leased retail space. The property itself comprises a 103,000 square foot building with a single, large suite currently offering 19,335 square feet of vacant space, ideal for a variety of retail uses. Its strategic location within the second largest Metropolitan Statistical Area (MSA) in Virginia, Hampton Roads, places it within easy reach of nearly 2 million residents. The area's strong economic base is further enhanced by approximately 7,700 on-site daytime employees and students, along with an additional 24,600 workers within a one-mile radius. The significant draw of 13 million annual tourists visiting Virginia Beach, coupled with the Sandler Center for the Performing Arts (attracting over 67,000 patrons annually), ensures a consistent flow of potential customers. This prime location, just nine miles from the Virginia Beach Oceanfront and Norfolk, positions the property at the epicenter of business and shopping in the region, offering unparalleled access to a diverse and substantial consumer base. The scale of the available space presents a unique opportunity for a significant retail presence in a high-traffic, high-visibility location.

Property profile
Verified
Property type Retail properties & Spaces
Total area 103,000 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
  • Usi Insurance Downtown Insurance Agency
  • FedEx Drop Box Postal Service Courier Service
  • Guadalajara Management Group Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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