Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2401 Seaboard Rd Virginia Beach, VA 23456-3500

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2401 Seaboard Rd Virginia Beach, VA 23456-3500

    View on Map
    • Community centers
    • 21,095 SF
    • 5.86 lot acres
    Off-Market
    Property ID
    US87-1136393
    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.
    Value Estimations
    $2,590,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Heather's Hair Design / Hair Salon
    • Gratitude Salon / Hair Salon
    • Salty Dog Grooming Pawlor / Pet Grooming Service
    • Dr. Sarah Groy / Dental Office
    • Shopwise Meat Market / Take-out & Catering / Butcher

    Property Details for 2401 Seaboard Rd

    Year built
    2003
    Construction
    TYPE NOT SPECIFIED
    Lot size
    5.86 lot acres
    Property size
    21,095 SF
    Zone code
    AG2
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    24045302970000
    APU
    24045302970000

    Description

    Foxfire Center, a 21,095 square foot strip center in Virginia Beach, Virginia, presents a compelling investment opportunity. Currently, 2,125 square feet of retail space is available for lease, ideal for a variety of businesses. This multi-tenant property enjoys a highly desirable location at the intersection of Princess Anne Road and Seaboard Road, offering excellent visibility and accessibility. The strategic positioning provides convenient proximity to the Virginia Beach Municipal Complex and Courthouse, ensuring a consistent flow of potential customers. The surrounding area boasts strong demographics, characterized by above-average household incomes, creating a robust consumer base for retail establishments. The property's address is 2401 Seaboard Rd, Virginia Beach, VA 23456, within City of Virginia Beach County. This presents a rare chance to secure a well-situated retail space in a thriving Virginia Beach community. The existing building offers ample space for a variety of retail or restaurant uses. The available space is ready for immediate occupancy. Interested parties should inquire about lease terms and conditions.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,960,000
      6.5%
      $2,730,000
      7%
      $2,535,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.0349
    Latitude
    36.7535
    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
    $32,804
    $1,114,200
    $2,199,300
    $3,313,500
    -
    $1,114,200
    $2,199,300
    $3,313,500

    Comparable in this City

    • Value Estimation
      $585,000
      4,800 SF

      2545 Sandpiper Rd

      MINI-MALL • 4,800 SF
      2545 Sandpiper Rd, Virginia Beach, VA 23456-4545
      View Details
    • Value Estimation by Request
      92,407 SF

      2029 Lynnhaven Pkwy

      Lifestyle centers • 92,407 SF
      2029 Lynnhaven Pkwy, Virginia Beach, VA 23456
      View Details
    • Value Estimation by Request
      11,582 SF

      2041 Fisher Arch

      Lifestyle centers • 11,582 SF
      2041 Fisher Arch, Virginia Beach, VA 23456
      View Details
    • Value Estimation
      $785,000
      11,253 SF

      2041 Fisher Arcb

      MINI-MALL • 11,253 SF
      2041 Fisher Arcb, Virginia Beach, VA 23456-7033
      View Details
    • Value Estimation
      $1,295,000
      13,990 SF

      1776 Princess Anne Rd Ste G

      MINI-MALL • 13,990 SF
      1776 Princess Anne Rd Ste G, Virginia Beach, VA 23456-3857
      View Details
    • Value Estimation
      $700,000
      2,023 SF

      2090 Princess Anne Rd, Unit 2

      MINI-MALL • 2,023 SF
      2090 Princess Anne Rd, Virginia Beach, VA 23456-4095
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,150 SF

      Retail Buildings in Virginia Beach

      Three retail buildings leased to four tenants in Virginia Beach.
      3709 Tiffany Ln, Virginia Beach, VA 23456
      View Details
    • Contact for pricing
      17,857 SF

      Retail Space For Sale

      Retail space available, totaling 17,857 square feet.
      3705 Tiffany Ln, Virginia Beach, VA 23456
      View Details
    • Contact for pricing
      14,364 SF

      Retail Property in Virginia Beach

      Retail property available for sale in Virginia Beach, VA.
      1808 Salem Rd, Virginia Beach, VA 23456
      View Details
    • $309,900

      Waterfront Lot with Dock & Deck

      Waterfront land with dock, deck, and resort amenities.
      3665 Sandpiper Rd, Virginia Beach, VA 23456
      View Details
    • $195,000

      Interior RV Lot with Amenities

      Large RV lot with water views and resort-style amenities.
      3665 Sandpiper Rd, Virginia Beach, VA 23456
      View Details
    • $269,900

      Waterfront Lot in Gated Community

      Waterfront lot with amenities in Virginia Beach's Surfside at Sandbridge.
      3665 Sandpiper Rd, Virginia Beach, VA 23456
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Regional Shopping and Dining Destination

      Southern Virginia Beach shopping center anchored by major retailers.
      1169 Nimmo Pkwy, Virginia Beach, VA 23456
      View Details
    • Contact for pricing
      5,940 SF

      Retail Space in Virginia Beach

      Retail space available in a super-regional power center.
      3388 Princess Anne Rd, Virginia Beach, VA 23456
      View Details
    • Contact for pricing

      Landstown Commons Retail Space

      Super-regional power center in Virginia Beach's retail corridor.
      3312 Princess Anne Rd, Virginia Beach, VA 23456
      View Details
    • Contact for pricing

      Retail Space in Virginia Beach

      Retail and office spaces for lease near Municipal Center.
      2476 Nimmo Pkwy, Virginia Beach, VA 23456
      View Details
    • Contact for pricing
      3,358 SF

      Retail Space in Virginia Beach

      Retail space available in a busy Virginia Beach shopping center.
      2105 Princess Anne Rd, Virginia Beach, VA 23456
      View Details
    • Contact for pricing
      2,066 SF

      Retail Space in Virginia Beach

      Retail space available in a super-regional power center.
      3376 Princess Anne Rd, Virginia Beach, VA 23456
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2401 Seaboard Rd
    Virginia Beach, VA 23456-3500
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!