Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4473 Shr Dr Virginia Beach, VA 23455-2821
    Back to Search
    Property profile & analytics

    4473 Shr Dr, Virginia Beach, VA 23455-2821

    View on Map
    • Grocery and convenience stores
    • 4,088 SF
    • 0.45 lot acres
    Off-Market
    Last Sale Nov 17, 2022
    $6,782,864
    Property ID
    US87-0950292
    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
    $6,435,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Exxon / Gas Station

    Property Details for 4473 Shr Dr

    Year built
    2022
    Construction
    FRAME
    Lot size
    0.45 lot acres
    Zone code
    B2
    Property type
    Grocery and convenience stores
    APN
    14796792190000
    APU
    14796792190000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 17, 2022 $6,782,864 Snap 7 Eleven Va Beach LLC Vre Shore Drive LLC Special Warranty Deed —
    May 5, 2021 $725,000 Vre Shore Drive LLC Srgs LLC Deed —
    May 5, 2021 — Srgs LLC Enrique Jimenez Olea Deed —
    Mar 19, 2013 — Srgs LLC Schutz,matthew R & Cheryl F Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,185,000
      ML approach
      $5,995,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.1263
    Latitude
    36.9039
    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
    $18,564
    $921,400
    $953,800
    $1,875,200
    -
    $921,400
    $953,800
    $1,875,200

    Comparable in this City

    • Value Estimation
      $4,585,000
      29,004 SF

      1030 Independence Blvd

      GROCERY, SUPERMARKET
      1030 Independence Blvd, Virginia Beach, VA 23455-5503
      View Details
    • Value Estimation by Request
      2,776 SF

      4461 Shr Dr

      CONVENIENCE STORE
      4461 Shr Dr, Virginia Beach, VA 23455-2821
      View Details
    • Value Estimation by Request
      3,000 SF

      896 Diamond Spgs Rd

      CONVENIENCE STORE
      896 Diamond Spgs Rd, Virginia Beach, VA 23455-6665
      View Details
    • Value Estimation by Request
      3,170 SF

      1700 Independence Blvd

      CONVENIENCE STORE
      1700 Independence Blvd, Virginia Beach, VA 23455-4011
      View Details
    • Value Estimation by Request
      2,732 SF

      3860 Shr Dr

      CONVENIENCE STORE
      3860 Shr Dr, Virginia Beach, VA 23455-2972
      View Details
    • Value Estimation
      $5,220,000
      47,428 SF

      4625 Shr Dr

      GROCERY, SUPERMARKET
      4625 Shr Dr, Virginia Beach, VA 23455-2745
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      64,059 SF

      Retail Portfolio For Sale

      Portfolio featuring shopping center, net lease, and commercial land.
      5461 Wesleyan Dr, Virginia Beach, VA 23455
      View Details
    • Contact for pricing

      Retail Shopping Center Near Naval Base

      Retail opportunity adjacent to Joint Expeditionary Base Little Creek with established anchors Food Lion and Navy Federal Credit Union.
      5193 Shore Dr, Virginia Beach, VA 23455
      View Details
    • Contact for pricing
      24,660 SF

      Retail Property in Virginia Beach

      Retail property available for sale in Virginia Beach, VA.
      1036 Ferry Plantation Rd, Virginia Beach, VA 23455
      View Details
    • Contact for pricing

      Two-Story Retail and Office Building

      Corner property offers street-level retail with flexible second-floor office space for combined or separate use.
      1115 Independence Blvd, Virginia Beach, VA 23455
      View Details
    • $1,800,000

      Virginia Beach Office Building

      5,937 SF office building in thriving Virginia Beach area.
      760 Independence Blvd, Virginia Beach, VA 23455
      View Details
    • Contact for pricing

      Single-Story Office Building

      Single-story medical or office space with private entrances and ample parking, near major retail and dining.
      4652-4660 Haygood Rd, Virginia Beach, VA 23455
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space on Shore Drive

      Retail space available on Shore Drive in Virginia Beach.
      4701 Shore Dr, Virginia Beach, VA 23455
      View Details
    • Contact for pricing
      1,160 SF

      Office and Retail Space Available

      Office and retail spaces with ample parking, convenient location.
      4609-4633 Pembroke Lake Cir, Virginia Beach, VA 23455
      View Details
    • Contact for pricing
      604 SF

      Retail Space Near Naval Base

      Retail space near Little Creek Amphibious Base and Chic’s Beach.
      2104 Pleasure House Rd, Virginia Beach, VA 23455
      View Details
    • Contact for pricing
      3,902 SF

      Retail Space on Pembroke Boulevard

      Shell retail space available for rent, convenient to I-264.
      4668 Pembroke Blvd, Virginia Beach, VA 23455
      View Details
    • Contact for pricing
      1,974 SF

      Retail Space in Busy Center

      Retail space available in a high-traffic shopping center.
      1049-1087 Independence Blvd, Virginia Beach, VA 23455
      View Details
    • Contact for pricing
      5,380 SF

      Retail Showroom/Warehouse Space Available

      18,702 SF retail showroom/warehouse near Norfolk Premium Outlets.
      5393 Wesleyan Dr, Virginia Beach, VA 23455
      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.
    4473 Shr Dr
    Virginia Beach, VA 23455-2821
    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

    Thank You for Inquiry
    4473 Shr Dr, Virginia Beach, VA, 23455
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!