Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4035 Ocean Vw Ave Norfolk, VA 23518-1613

    • Retail space
    • 12,136 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimation
    $2,500,000
    Last Sale
    Feb 14, 2024
    $2,500,000
    Location Intelligence
    Property ID
    US87-3391725
    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.

    Current Use by Public Records

    • Sea Eye Care / Eye Care Center / Optometrist
    • Lola's Beach Cantina / Mexican Restaurant / Latin American Restaurant
    • Prime IV Hydration & Wellness - Ocean View / Health Spa
    • Restoration Church-Deliverance / Church
    • Reconciliation Outreach Church / Church

    Property Details for 4035 Ocean Vw Ave

    Year built
    1980
    Lot size
    0.86 lot acres
    Property size
    12,136 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    49518901
    APU
    49518901

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,525,000
      6.5%
      $2,345,000
      7%
      $2,395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,420,000
      Geo Method
      $2,635,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,775,000
      Retail
      $2,045,000
      Mixed-Use
      $2,315,000
      Hospitality
      $2,195,000
      Educational
      $2,390,000
      Residential Income
      $2,190,000
      Energy
      $2,775,000
      Income-Based Land
      $2,560,000
      Food Service
      $2,835,000

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.1932
    Latitude
    36.9299
    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
    $19,311
    $522,400
    $1,022,500
    $1,544,900
    -
    $522,400
    $1,022,500
    $1,544,900

    Comparable in this City

    • Value Estimation by Request
      14,865 SF

      860 Little Crk Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,865 SF
      860 Little Crk Rd, Norfolk, VA 23518-3739
      View Details
    • Value Estimation by Request
      25,705 SF

      3600 Military Hwy

      RETAIL STORES (PERSONAL SERVICES) • 25,705 SF
      3600 Military Hwy, Norfolk, VA 23518-5504
      View Details
    • Value Estimation
      $630,000
      1,358 SF

      4222 Little Crk Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,358 SF
      4222 Little Crk Rd, Norfolk, VA 23518-3518
      View Details
    • Value Estimation
      $345,000
      1,268 SF

      8100 Shr Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,268 SF
      8100 Shr Dr, Norfolk, VA 23518-2431
      View Details
    • Value Estimation
      $385,000
      4,090 SF

      7941 Halprin Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,090 SF
      7941 Halprin Dr, Norfolk, VA 23518-3005
      View Details
    • Value Estimation
      $375,000
      4,186 SF

      872 Little Crk Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,186 SF
      872 Little Crk Rd, Norfolk, VA 23518-3740
      View Details

    Similar Nearby for Sale

    • $647,400
      4,110 SF

      Versatile Commercial Space in Norfolk

      Flexible commercial space in Norfolk's active Camellia Acres corridor.
      2474 E Little Creek Rd, Norfolk, VA 23518
      View Details
    • $1,300,000
      4,862 SF

      Norfolk Retail Bank Building

      Prime Norfolk location, 4,862 SF, 1.23 acres
      1221 Little Creek Rd, Norfolk, VA 23518
      View Details
    • $4,015,606
      25,816 SF

      Retail Space in Bayview Plaza

      Retail space in established shopping center near Little Creek Base.
      7924 Chesapeake Blvd, Norfolk, VA 23518
      View Details
    • $895,000
      2,987 SF

      Norfolk Commercial Property on Little Creek

      Commercial property on heavily traveled road, suitable for retail.
      1501 E Little Creek Rd, Norfolk, VA 23518
      View Details
    • $2,400,000
      12,110 SF

      Norfolk Retail Investment Opportunity

      Prime Vacant Retail Building, High Traffic
      7912 Halprin Dr, Norfolk, VA 23518
      View Details
    • Contact for pricing
      12,579 SF

      Shore Drive Retail Opportunity

      Waterfront Restaurant, 12,579 SF
      8180 Shore Dr, Norfolk, VA 23518
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      3,718 SF

      Retail Space Available For Rent

      Retail space available for lease in Norfolk, Virginia.
      9590 Shore Dr, Norfolk, VA 23518
      View Details
    • Contact for pricing
      1,500 SF

      Norfolk Retail Space for Lease

      Grocery-anchored shopping center space available in Norfolk, Virginia.
      2300-2376 E Little Creek Rd, Norfolk, VA 23518
      View Details
    • Contact for pricing
      6,346 SF

      Retail Space in Norfolk, VA

      Retail property available for lease in Norfolk, Virginia.
      1710-1736 E Little Creek Rd, Norfolk, VA 23518
      View Details
    • Contact for pricing
      1,600 SF

      Restaurant/Retail Space on Chesapeake Blvd

      Second generation restaurant and endcap retail space available for rent.
      7920 Chesapeake Blvd, Norfolk, VA 23518
      View Details
    • $16 SF/Yr
      4,862 SF

      Norfolk Retail Property: Prime Location

      Retail space, 4,862 sqft, 1.23 acres
      1221 Little Creek Rd, Norfolk, VA 23518
      View Details
    • $13 SF/Yr
      9,363 SF

      Prime Norfolk Retail Space

      9,363 SF Vacant Retail Building
      1101 Little Creek Rd, Norfolk, VA 23518
      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.
    4035 Ocean Vw Ave
    Norfolk, VA 23518-1613
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.