Back to Search
Property profile & analytics
FOR LEASE
Community centers
1337 Oceana Blvd Virginia Beach, VA 23454
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0339987
For Lease
1 / 21
$4,570,000
1337 Oceana Blvd, Virginia Beach, VA 23454
View Listing →
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2020
Construction
TYPE NOT SPECIFIED
Total area
7,218 SF
Zoning code
B2
APN
24154876370002
UPID
US87-0339987
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
Current use
Occupant on record · Public records
-
Hair by Taylor Foley LLC Hair Salon
-
Clayton's Restaurant
-
Bloom Beauty Bar Hair Salon
-
Oceana Spa &Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.57M
Owner & transaction history
Oceana Shoppes LLC · 3 yrs held
Oceana Shoppes LLC
since 2023
Last sale
$4.5M
1 recorded transaction
Zoning & alternative use
B2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$6.3M
+146.9%
Auto repair, garage
$5.1M
+100.8%
Restaurant
$3.3M
+27.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Virginia Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Virginia Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,570,000
ML approach
$4,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,290,000
Change: +147% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,110,000
Change: +101% · Conversion: Difficult
RESTAURANT
$3,255,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$4.57M
Range $4.11M – $5.03M · ±10% · vs last sale $4.50M (Mar 30 2023)
Last sale anchor
$4.50M
Mar 30 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$633 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,312
Tax year 2024
Assessed value
$1,243,600
Assessed 2024
Previous assessed
$1,243,600
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$390,000
Assessed improvement
$853,600
Land market value
$390,000
Improvement market value
$853,600
Total market value
$1,243,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2020
Construction
TYPE NOT SPECIFIED
Stories
1
Total area
7,218 SF
Zoning code
B2
APN
24154876370002
UPID
US87-0339987
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
B2 · Virginia Beach, VA
Zoning B2 · permitted uses
B2 · Virginia Beach, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Virginia Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RESTAURANT
Est. value
$3.3M
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
TYPE NOT SPECIFIED
Stories
1
Current owner
From public records · entity-resolved
Oceana Shoppes LLC
Entity
Mailing address
4525 MAIN ST STE #900, VIRGINIA BEACH, VA 23462-3431
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2023
$4,500,000
Oceana Shoppes LLC
Oceana Partners LLC
Deed
$3,600,000 · Oklahoma State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
