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Financial
Distress signals
Property profile

5020 Ferrell Pkwy Virginia Beach, VA 23464

FOR SALE
Grocery and convenience stores
Property ID
US87-1334989
44,762 SF 4.42 ac lot Built 1998
Last sale Apr 2025
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$51k
Tax billed · 2024
Assessed value$5.14M
Assessed land$2.12M
Assessed improvement$3.02M
Effective rate0.99%

Value estimate

· Oct 2026
$4.62M
$4.15M – $5.08M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$289/SF
Submarket average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$187 – $372

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PDH1
It is the intent not to create additional PD-H1 Districts, or to enlarge the limits of existing PD-H1 Districts. It is only the intent of...
General categoryPLANNED_DEVELOPMENT
JurisdictionVIRGINIA BEACH CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm43.4
Building Supply28.9
Dental Office25.3

Location

5020 Ferrell Pkwy Virginia Beach, VA 23464
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
853 Kempsville, Virginia Beach, VA 23464-2708 $3,777,500 Jul 2024 6,813 SF
6095 Indian Riv, Virginia Beach, VA 23464-3818 $1,500,000 Nov 2023 7,480 SF
856 Military, Virginia Beach, VA 23464-3548 $6,272,727 Feb 2023 14,722 SF
5305 Indian Riv, Virginia Beach, VA 23464-5320 $6,029,411 Nov 2021 14,736 SF
5048 Ferrell, Virginia Beach, VA 23464-8867 $14,200,000 Mar 2021 6,149 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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