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Property profile

1577 General Booth Blvd Virginia Beach, VA 23454

FOR LEASE
Grocery and convenience stores
Property ID
US87-0241996
22,070 SF 7.09 ac lot Built 1987
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Dam Neck Square Shopping Center, located at 1577 General Booth Blvd, Virginia Beach, VA 23454, presents a compelling investment opportunity. This 65,768 square foot retail center, built in 1987, sits on a 7.09-acre lot and boasts 763 parking spaces. The property is zoned B2 and enjoys a prime location at the busy intersection of General Booth Boulevard and Dam Neck Road, benefitting from a combined daily traffic count of 62,000 vehicles. The center is currently anchored by Aldi and features a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$99k
Tax billed · 2024
Assessed value$9.96M
Assessed land$3.09M
Assessed improvement$6.87M
Effective rate0.99%

Value estimate

· Oct 2026
$3.67M
$3.30M – $4.04M
CAP approach$3.56M
Submarket $/SF estimate$2.66M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$289/SF
Submarket average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$187 – $372
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B2
The purpose of the B-2 Community Business District is to provide land needed for community wide business establishments. This district is...
General categoryCOMMERCIAL
JurisdictionVIRGINIA BEACH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency24.1
Dental Office19.3
Law Firm16.8

Location

1577 General Booth Blvd Virginia Beach, VA 23454
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2325 Virginia Bch, Virginia Beach, VA 23454-4007 $1,320,000 Mar 2024 10,112 SF
1373 Great Nck, Virginia Beach, VA 23454-2201 $3,289,000 Dec 2020 11,253 SF
2293 Upton, Virginia Beach, VA 23454-1186 $4,483,067 Oct 2019 14,738 SF
1800 Laskin, Virginia Beach, VA 23454-4505 $16,700,000 Nov 2018 41,992 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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