Technical
Financial
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Property profile

2476 Nimmo Pkwy Virginia Beach, VA 23456

FOR LEASE
Grocery and convenience stores
Property ID
US87-2970050
49,730 SF 11.3 ac lot Built 2005
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Restaurant
  • Restaurant
  • Law Firm
  • Grocery & Convenience Store Food Market

Location

2476 Nimmo Pkwy Virginia Beach, VA 23456
Virginia Beach metro Census 45433 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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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

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
Zoning description

The purpose of the B-2 Community Business District is to provide land needed for community wide business establishments. This district is intended for general application in the city. It is intended that, by the creation…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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