1808 Salem Rd Virginia Beach, VA 23456
Property profile & analytics
1808 Salem Rd Virginia Beach, VA 23456
- Retail space
- 14,364 SF
- 2.96 lot acres
Property ID
US87-0639271
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.
Location Intelligence
Current Use by Public Records
- LibertyX Bitcoin ATM / Atm
- Margaret H. Walker, Margaret / Pharmacy
- Western Union / Bank / Credit Union
- Coinhub Bitcoin ATM Teller / Atm
- Lee J. Euston, RPh / Pharmacy
Property Details for 1808 Salem Rd
- Year built
- 2005
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.96 lot acres
- Property size
- 14,364 SF
- Zone code
- B2
- Property type
- Retail space
- APN
- 14759249540000
- APU
- 14759249540000
Description
This exceptional Class A, 14,364-square-foot freestanding retail building presents a unique investment opportunity in Virginia Beach, VA. Situated on a 2.95-acre lot at the signalized intersection of Salem Road and Independence Boulevard, this single-tenant property boasts a prominent location within the densely populated Salem/Lynnhaven area. The building features a convenient drive-thru, enhancing its appeal to a wide range of potential tenants. Its strategic placement offers excellent visibility and accessibility, complemented by monument signage. The property benefits from high traffic counts, exceeding 16,500 vehicles per day on S. Independence Boulevard and 15,608 vehicles per day on Salem Road. Nearby key establishments include a Walmart Supercenter, Home Depot, and the Tidewater Community College campus on Princess Anne Road, ensuring a strong customer base and high foot traffic. The entire building is currently vacant, providing a blank canvas for a new tenant or a chance to lease to multiple tenants. This property offers a compelling combination of size, location, and visibility, making it an ideal investment for discerning buyers seeking a high-impact retail presence in a thriving market. The property's address is 1808 Salem Rd, Virginia Beach, VA 23456.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,215,000
- 6.5%
- $2,970,000
- 7%
- $2,755,000
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $3,380,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach City
- State
- Virginia
- Longitude
- -76.1214
- Latitude
- 36.7819
- 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
$42,975
$1,720,300
$2,620,600
$4,340,900
-
$1,720,300
$2,620,600
$4,340,900
