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Property profile & analytics
FOR LEASE
Grocery and convenience stores

2476 Nimmo Pkwy Virginia Beach, VA 23456

49,730 SF 11.3 ac lot Built 2005
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-2970050
Property summary
AI-generated overview

Courthouse Marketplace, located at 2476 Nimmo Pkwy in Virginia Beach, VA 23456, offers exceptional retail and restaurant opportunities. This thriving marketplace boasts a total of 102,119 square feet of commercial space, anchored by a Harris Teeter grocery store. Currently, there are multiple spaces available for lease, with a minimum divisible space of 2,982 square feet and a maximum contiguous space of 7,841 square feet. A total of 10,823 square feet is currently vacant and ready for immediate occupancy. The property's strategic location directly across from the Virginia Beach Municipal Center and Courthouse Complex ensures high visibility and significant foot traffic. This prime location in Virginia Beach County offers unparalleled access to a dense population base and a strong local economy. The flexible space options cater to a variety of business needs, making Courthouse Marketplace an ideal location for both established businesses and new ventures seeking a vibrant and convenient location. Interested parties are encouraged to inquire about available space and lease terms. This is a unique opportunity to establish a presence in a high-traffic, well-established commercial center.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2005
Construction TYPE NOT SPECIFIED
Total area 49,730 SF
Lot 11.3 ac (492,097 SF)
Zoning code B2
APN 14946334740000
UPID US87-2970050
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
  • United Atlantic Mortgage Loan Service Bank
  • El Azteca Mexican Restaurant Restaurant
  • East Wok Restaurant
  • Michael Anthony Robusto Law Firm
  • Harris Teeter Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$10.28M
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.06M
Owner & transaction history
Bickford Of Beach LLC A Kansas Limi · 8 yrs held
Bickford Of Beach LLC A Kansas Limi
since 2018
4 recorded transactions
2018
$60,000
2013
$16.9M
2012
$12.0M
2006
Price N/A
Zoning & alternative use
B2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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