Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2041 Fisher Arch Virginia Beach, VA 23456
    Property profile & analytics

    2041 Fisher Arch, Virginia Beach, VA 23456

    View on Map
    • Lifestyle centers
    • 11,582 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 2041 Fisher Arch

    Year built
    2022
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional Class A mixed-use property, located at 2041 Fisher Arch in Virginia Beach, VA 23456, presents a compelling investment opportunity. The 11,582 square foot shopping center and storefront complex, built in 2022, boasts five units and sits on a 0.81-acre lot. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $270,947, resulting in a 6.00% capitalization rate. The asking price is $4,515,798, translating to $389.90 per square foot. This NNN-leased multi-tenant property benefits from its prime location on heavily trafficked Princess Anne Road, offering excellent visibility and accessibility. Situated in the affluent Princess Anne/Red Mill/Sandbridge submarket, the property enjoys a strong demographic profile, with over 42,888 residents within a 3-mile radius and an average household income exceeding $181,337 within a 1-mile radius. Its proximity to General Booth Boulevard, the Red Mill epicenter, and the Virginia Beach Oceanfront (less than 7.5 miles) further enhances its appeal. Virginia Beach itself is a thriving city, recognized for its high quality of life, strong economy, and strategic location within the Mid-Atlantic region. This property offers a rare combination of strong financial performance, desirable location, and significant growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.0125
    Latitude
    36.749

    Comparable in this City

    • Value Estimation by Request
      92,407 SF

      2029 Lynnhaven Pkwy

      Lifestyle centers
      2029 Lynnhaven Pkwy, Virginia Beach, VA 23456
      View Details
    • Value Estimation by Request

      1933 Landstown Centre Way

      Restaurants
      1933 Landstown Centre Way, Virginia Beach, VA 23456
      View Details
    • Value Estimation by Request
      1,400 SF

      1964 Fisher Arch

      Individual retail properties
      1964 Fisher Arch, Virginia Beach, VA 23456
      View Details
    • Value Estimation
      $2,590,000
      21,095 SF

      2401 Seaboard Rd

      MINI-MALL
      2401 Seaboard Rd, Virginia Beach, VA 23456-3500
      View Details
    • Value Estimation
      $585,000
      4,800 SF

      2545 Sandpiper Rd

      MINI-MALL
      2545 Sandpiper Rd, Virginia Beach, VA 23456-4545
      View Details
    • Value Estimation
      $700,000
      2,023 SF

      2090 Princess Anne Rd, Unit 2

      MINI-MALL
      2090 Princess Anne Rd, Virginia Beach, VA 23456-4095
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,364 SF

      Retail Property in Virginia Beach

      Retail property available for sale in Virginia Beach, VA.
      1808 Salem Rd, Virginia Beach, VA 23456
      View Details
    • Contact for pricing
      19,150 SF

      Retail Buildings in Virginia Beach

      Three retail buildings leased to four tenants in Virginia Beach.
      3709 Tiffany Ln, Virginia Beach, VA 23456
      View Details
    • Contact for pricing
      17,857 SF

      Retail Space For Sale

      Retail space available, totaling 17,857 square feet.
      3705 Tiffany Ln, Virginia Beach, VA 23456
      View Details
    • $1,080,000
      12.31 Acres

      Virginia Beach Land For Sale

      12.31 acre land parcel in Virginia Beach, Virginia.
      2293 Princess Anne Rd, Virginia Beach, VA 23456
      View Details
    • $269,900

      Waterfront Lot in Gated Resort

      Waterfront lot with amenities in Virginia Beach resort community.
      3665 Sandpiper Rd, Virginia Beach, VA 23456
      View Details
    • $260,000

      Waterfront RV Lot in Virginia Beach

      Waterfront RV lot near amenities and the Atlantic Ocean.
      3665 Sandpiper Rd, Virginia Beach, VA 23456
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,010 SF

      Retail Space Near Walmart

      Retail space with high visibility and easy access.
      2061 Lynnhaven Pkwy, Virginia Beach, VA 23456
      View Details
    • Contact for pricing

      Retail Space in Virginia Beach

      Retail and office spaces for lease near Municipal Center.
      2476 Nimmo Pkwy, Virginia Beach, VA 23456
      View Details
    • Contact for pricing
      3,358 SF

      Retail Space in Virginia Beach

      Retail space available in a busy Virginia Beach shopping center.
      2105 Princess Anne Rd, Virginia Beach, VA 23456
      View Details
    • Contact for pricing
      5,287 SF

      Retail Space in Virginia Beach

      Retail space available for lease in Virginia Beach, VA.
      2090 Princess Anne Rd, Virginia Beach, VA 23456
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Virginia Beach

      Retail space available for rent in Virginia Beach.
      1964 Fisher Arc, Virginia Beach, VA 23456
      View Details
    • Contact for pricing

      New Retail/Office Building Available

      New construction retail/office space in thriving Virginia Beach trade area.
      1988 Fisher Arch, Virginia Beach, VA 23456
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2041 Fisher Arch
    Virginia Beach, VA 23456
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2041 Fisher Arch, Virginia Beach, VA, 23456
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!