You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Neighborhood centers

21st St And Colley Ave Norfolk, VA 23517

128,543 SF
Property ID
Property summary
AI-generated overview

The Center Shops presents a unique retail investment opportunity in Norfolk's desirable Ghent submarket. This established shopping center boasts a total of 128,543 square feet, currently featuring multiple tenants. Five spaces are immediately available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 1,200 square feet. A total of 3,600 square feet is currently vacant, offering flexibility for a variety of retail concepts. The property benefits from strong anchor tenants, including Farm Fresh and Rite Aid, ensuring consistent foot traffic and brand recognition. Its location within the upscale Ghent neighborhood provides excellent visibility and accessibility, complemented by ample parking for customers and employees. The Center Shops is ideally situated to capitalize on the thriving retail environment of Ghent, offering a compelling opportunity for businesses seeking a high-profile location in a desirable and affluent community. The minimum divisible space is 1,200 square feet, providing an excellent entry point for smaller businesses, while the available vacant space allows for expansion opportunities. This property is an exceptional choice for businesses seeking a well-established location with high visibility and strong anchor tenants in a thriving Norfolk neighborhood. Further details are available online.

Property profile
Verified
Property type Neighborhood centers
Total area 128,543 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 21st St And Colley Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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