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Property profile & analytics
FOR LEASE
Grocery and convenience stores

201 E Berkley Ave Norfolk, VA 23523

1,200 SF
Entity Owned 5-yr Hold
Property ID
US87-3399483
Property summary
AI-generated overview

This exceptional 1,200 square foot retail space, located at 201 E Berkley Ave in Norfolk, Virginia, presents a fantastic opportunity for a single-tenant supermarket. Situated in Norfolk County, zip code 23523, this property offers complete vacancy, allowing for immediate occupancy and customization to suit your business needs. The entire 1,200 square feet is available for lease, providing ample space for a thriving grocery operation. The property's prime location in the Berkley neighborhood offers excellent visibility and accessibility for customers. This single-tenant building provides a dedicated space, eliminating the complexities of shared spaces and allowing for complete control over your retail environment. The address, 201 E Berkley Ave, ensures easy navigation and identification for both customers and delivery services. This is an ideal opportunity for an established supermarket chain or an ambitious entrepreneur looking to establish a new grocery store in a vibrant and growing community. The property is ready for immediate occupancy, allowing for a swift and efficient start to your business operations. Contact us today to learn more about leasing this exceptional retail space.

Property profile
Verified
Property type Grocery and convenience stores
Total area 1,200 SF
UPID US87-3399483
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
  • Sal's NY Pizza Restaurant
  • Berkley Center Grocery & Convenience Store Food Market
  • Berkeley soul food 201 east Berkeley Restaurant
  • Margo Bitcoin ATM Atm Crypto Atm
  • Bank of America ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
P3 Properties LLC · 5 yrs held
P3 Properties LLC
since 2021
1 recorded transaction
2021
$4.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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