5020 Ferrell Pkwy Virginia Beach, VA 23464
Property profile & analytics
5020 Ferrell Pkwy Virginia Beach, VA 23464
- Grocery and convenience stores
- 44,762 SF
- 4.42 lot acres
Property ID
US87-1334989
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.
Location Intelligence
Current Use by Public Records
- 7 Cities Inspections / Home Inspector / Commercial Real Estate Inspector
- Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
- Franchise Connector / Financial Advisor
- New Number 1 Chinese Restaurant / Restaurant
- Mel's Place / Bar & Pub / Restaurant
Property Details for 5020 Ferrell Pkwy
- Year built
- 1998
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 4.42 lot acres
- Property size
- 44,762 SF
- Zone code
- PDH1
- Property type
- Grocery and convenience stores
- APN
- 14656753520000
- APU
- 14656753520000
Description
Parkway Marketplace, a newly renovated retail center in Virginia Beach, offers exceptional opportunities for businesses seeking high-traffic locations. This Food Lion-anchored center boasts a prime location on heavily trafficked Ferrell Parkway (48,225 vehicles per day), placing your business in the heart of a densely populated area with high average household incomes. The center comprises 37,804 square feet and currently features two available spaces. A fully built-out 2,200 square foot salon space is ready for immediate occupancy, while a larger 11,202 square foot space (formerly occupied by Rite Aid) presents significant potential for customization. The minimum divisible space is 2,200 square feet, with a maximum contiguous space of 11,202 square feet. The center enjoys a diverse tenant mix, including national retailers such as Gamestop, GNC, Supercuts, and Chartway, alongside a variety of local businesses offering grocery, restaurant, salon, financial, and service options. High visibility is ensured through panel signage available on the Ferrell Parkway pylon. This is an exceptional opportunity to establish or expand your business in a thriving Virginia Beach retail environment. The property is located in Virginia Beach County. Currently, 13,402 square feet of space is vacant.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach City
- State
- Virginia
- Longitude
- -76.165
- Latitude
- 36.7948
- 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
$50,840
$2,119,300
$3,016,100
$5,135,400
-
$2,119,300
$3,016,100
$5,135,400
