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    1337 Oceana Blvd Virginia Beach, VA 23454

    • Community centers
    • 7,218 SF
    For Lease
    View listing
    Value Estimation
    $4,425,000
    Last Sale
    Mar 30, 2023
    $4,500,000
    Location Intelligence
    Property ID
    US87-0339987
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hair by Taylor Foley LLC / Hair Salon
    • Clayton's / Restaurant
    • Bloom Beauty Bar / Hair Salon
    • Oceana Spa &Massage / Massage Spa / Foot Massage Parlor

    Property Details for 1337 Oceana Blvd

    Year built
    2020
    Construction
    TYPE NOT SPECIFIED
    Property size
    7,218 SF
    Zone code
    B2
    Property type
    Community centers
    APN
    24154876370002
    APU
    24154876370002

    Description

    This exceptional 1,273 square foot executive office space is located within the Shoppes at Oceana, a newly constructed (2021) retail center at 1337 Oceana Blvd, Virginia Beach, VA 23454. Situated in Virginia Beach County, this versatile space is perfect for a variety of businesses. The open rectangular floor plan offers flexibility for various office configurations or a convenient carry-out restaurant. High exposed ceilings contribute to a spacious and modern feel, complemented by polished concrete flooring. The suite includes one bathroom. The entire Shoppes at Oceana complex totals 17,633 square feet, with multiple tenants. This particular unit is immediately available and offers 1,273 contiguous square feet of space. Its prime location in the vibrant Oceana area provides excellent visibility and accessibility. The space is ready for immediate occupancy, presenting a unique opportunity for businesses seeking a modern and functional workspace in a thriving commercial center. This is a single available space within a larger multi-tenant building.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,570,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,095,000
      6.5%
      $4,170,000
      7%
      $4,740,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,145,000
      Geo Method
      $3,840,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,235,000
      Retail
      $4,145,000
      Mixed-Use
      $4,055,000
      Hospitality
      $3,760,000
      Educational
      $4,480,000
      Residential Income
      $3,925,000
      Energy
      $3,985,000
      Income-Based Land
      $4,220,000
      Food Service
      $4,955,000

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.0006
    Latitude
    36.7952
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,312
    $390,000
    $853,600
    $1,243,600
    -
    $390,000
    $853,600
    $1,243,600

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    • Value Estimation
      $15,080,000
      16,193 SF

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      MINI-MALL • 16,193 SF
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      View Details

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    Virginia Beach, VA 23454
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    Realmo Value Estimation

    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.

    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.

    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
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