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Property profile & analytics

1169 Nimmo Pkwy Virginia Beach, VA 23456

  • Community centers
  • 147,757 SF
  • 15.74 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US87-0831945
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

  • Fringe Salon / Hair Salon / Nail Salon
  • KP NAILS & MORE / Nail Salon
  • Hair Cuttery / Hair Salon
  • Royal Nails Spa / Nail Salon
  • Five Guys / Restaurant / Take-out & Catering

Property Details for 1169 Nimmo Pkwy

Year built
2001
Construction
TYPE NOT SPECIFIED
Lot size
15.74 lot acres
Property size
147,757 SF
Zone code
B2
Property type
Community centers
APN
24142611300000
APU
24142611300000

Description

Red Mill Commons & Walk, a 370,456 square foot regional power center in Virginia Beach's Red Mill submarket, presents a unique investment opportunity. This well-maintained, established shopping center boasts 91 suites, with 16,296 square feet currently vacant, divisible to a minimum of 1,000 square feet and up to 30,000 contiguous square feet. Anchored by Walmart, Target, and Home Depot, and featuring junior anchors including TJ Maxx, Michaels, Five Below, Dollar Tree, and HomeGoods, the center benefits from a strong tenant mix that includes popular dining establishments like Blue Seafood, Only at Renee's, Tida Thai, and Flip Flops Bar & Grill, as well as fitness centers such as Cyclebar, Burn Boot Camp, and Fat Frogs Bicycles. Situated on 100 acres of commercially zoned land and built in 2001, the property enjoys a prime location near major employers such as Oceana Naval Air Station, Virginia Beach Municipal Center, Camp Pendleton, and Corporate Landing Office Park. The center also benefits from its proximity to Sandbridge Beaches, attracting over one million tourists annually. The surrounding area features an affluent community with average household incomes exceeding $100,000, a dense residential population, and numerous area schools, creating a robust and stable market. Cross Street is Upton Dr. This is an exceptional opportunity to acquire a thriving retail property in a high-demand location.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $20,720,000
    6.5%
    $19,125,000
    7%
    $17,760,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Virginia Beach
County
Virginia Beach City
State
Virginia
Longitude
-76.0104
Latitude
36.7608
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
$209,452
$6,515,300
$14,641,500
$21,156,800
-
$6,515,300
$14,641,500
$21,156,800
More about this property
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