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Property profile & analytics
FOR LEASE
Retail space

2293 Upton Dr Virginia Beach, VA 23454

14,738 SF 1.68 ac lot Built 2003
Entity Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US87-3981215
Property summary
AI-generated overview

This exceptional 14,738-square-foot freestanding retail building presents a unique investment opportunity. Located at 2293 Upton Drive, this single-tenant property boasts a prime location at a signalized intersection of Upton Drive and Princess Anne Road, benefiting from high visibility and significant traffic volume. Daily traffic counts reach 19,936 vehicles on Upton Drive and 16,432 vehicles on Princess Anne Road. The building includes a convenient drive-thru. Situated within a Target-anchored community center in the expanding Red Mill trade area, this property enjoys strong demographics, including high household incomes and substantial residential growth. Its strategic placement across from Sandbridge Commons, a Harris Teeter-anchored neighborhood center, further enhances its appeal. The property features prominent monument signage ensuring excellent visibility to potential customers. Units start at approximately 1,544 square feet, offering flexibility for various retail concepts. The entire 14,738 square feet is currently vacant, providing a blank canvas for a new tenant or a significant expansion opportunity. This property offers a compelling combination of location, visibility, and size, making it an ideal investment for discerning buyers.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2003
Construction TYPE NOT SPECIFIED
Total area 14,738 SF
Lot 1.68 ac (73,181 SF)
Zoning code B2
APN 24142342250000
UPID US87-3981215
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
  • Rite Aid Pharmacy
  • James Baccellieri Pharmacy
  • Christine Cronin Pharmacy
  • Amy Rodriguez Pharmacy
  • Amazon Hub Locker - Bison Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.38M
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$2.48M
Owner & transaction history
Bragg-va LLC · 13 yrs held
Bragg-va LLC
since 2013
4 recorded transactions
2013
Price N/A
2012
Price N/A
2012
Price N/A
2004
$4.8M
Zoning & alternative use
B2 · Virginia Beach, VA
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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