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    5900 Virginia Beach Blvd Norfolk, VA 23502

    • Office buildings
    • 48,246 SF
    • 0.29 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US87-3349309
    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

    • UNO Pizzeria & Grill / Pizza Restaurant / American Restaurant
    • Alliance Physical Therapy / Chiropractor / Pain Management Physician
    • Mirman Law Firm, P.L.L.C., Steven A. Mirman, Attorney / Attorney
    • janaf / Office
    • Riley Counseling and Consulting, PLC / Counselor / Social Worker

    Property Details for 5900 Virginia Beach Blvd

    Year built
    1967
    Lot size
    0.29 lot acres
    Property size
    48,246 SF
    Zone code
    C-3
    Property type
    Office buildings
    APN
    44729707
    APU
    44729707

    Description

    Janaf Shopping Yard presents a prime retail investment opportunity in Norfolk County. This expansive center, boasting a total of 891,281 square feet, offers 13 available spaces ranging from 855 to 8,946 square feet, perfect for a variety of uses including retail, restaurants, salons, dental practices, physical therapy, beauty services, financial institutions, and communications businesses. The property sits on 92 acres of land and provides ample parking with 4170 spaces. Its strategic location at the intersection of Virginia Beach Boulevard and Military Highway ensures high visibility and accessibility, further enhanced by its proximity to I-64 and I-264 interstates. Currently, the center has 33,328 square feet of vacant space. Janaf Shopping Yard is a well-established center attracting a diverse clientele, evidenced by an impressive average of 4.72 visits per person. This high-traffic location, coupled with the available space, presents a unique opportunity for businesses seeking strong visibility and a loyal customer base. The property's size and established tenant mix make it an attractive investment for both established businesses and new ventures. The substantial parking capacity ensures convenient access for customers and employees. This is a rare opportunity to secure space in one of the largest centers in its portfolio.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2048
    Latitude
    36.8605
    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
    $30,748
    $140,200
    $2,319,600
    $2,459,800
    -
    $140,200
    $2,319,600
    $2,459,800

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      Janaf Shopping Yard Retail Space

      High-traffic retail center, 13 spaces available.
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    Norfolk, VA 23502
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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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