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Property profile & analytics

1600 E Little Creek Rd Norfolk, VA 23518

  • Grocery and convenience stores
  • 19,080 SF
  • 3.97 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US87-3338210
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

  • ALDI / Supermarket / Grocery Store
  • Mosher John D DDS / Dentist
  • Grateful Handicap Helpers LLC / Internet Marketing Service

Property Details for 1600 E Little Creek Rd

Year built
2022
Lot size
3.97 lot acres
Property size
19,080 SF
Property type
Grocery and convenience stores
APN
2997201
APU
2997201

Description

This exceptional 0.5-acre retail outparcel is ideally situated at 1600 E. Little Creek Road in Norfolk, Virginia (zip code 23518). Currently zoned C-C, this property offers unparalleled access and visibility, boasting 21,000 average daily traffic counts on Little Creek Road. The site benefits from signalized access directly onto Little Creek Road and convenient access through the adjacent Aldi site, which opened in late 2022. This prime location presents a unique opportunity for developers and investors seeking high-traffic exposure. The asking price for this exceptional property is $500,000. The property's strategic location near a newly opened Aldi store ensures high foot traffic and visibility, making it an attractive investment for a variety of retail businesses. This is a rare opportunity to acquire a well-positioned retail outparcel in a thriving Norfolk commercial area. Don't miss out on this chance to secure a valuable piece of real estate in a high-demand location.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $3,610,000
    6.5%
    $3,335,000
    7%
    $3,095,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $2,806,000
    Market price range: $735k - $2.81M
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $3,140,000
    Current use
    OFFICE BUILDING
    $3,755,000
    Change: +20% Conversion: Easy
    AUTO REPAIR, GARAGE
    $3,690,000
    Change: +17% Conversion: Difficult
    INDUSTRIAL (GENERAL)
    $2,520,000
    Change: -20% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Norfolk
County
Norfolk City
State
Virginia
Longitude
-76.2306
Latitude
36.9176
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
$68,851
$2,595,300
$2,912,800
$5,508,100
-
$2,595,300
$2,912,800
$5,508,100
More about this property
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