Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5152 Princess Anne Rd Virginia Beach, VA 23462-4235
    Back to Search
    Property profile & analytics

    5152 Princess Anne Rd Virginia Beach, VA 23462-4235

    View on Map
    • Community centers
    • 5,395 SF
    Off-Market
    Last Sale May 19, 2022
    $1,420,000
    Property ID
    US87-0007480
    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
    $1,295,000
    Show details
    Cap Rate Potential
    5.2%
    Community centers
    Location Intelligence

    Current Use by Public Records

    • YOMI JAPANESE HIBACHI & SUSHI / Restaurant
    • Starbucks / Cafe & Coffee Shop

    Property Details for 5152 Princess Anne Rd

    Year built
    2023
    Construction
    FRAME
    Property size
    5,395 SF
    Zone code
    B4K
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    14667839530000
    APU
    14667839530000

    Description

    This exceptional 0.5-acre commercial pad site in Virginia Beach, VA, is available for sale or lease. Priced at $950,000 (with a $300,000 infrastructure contribution), or lease at $125,000 annually with annual escalations. The property boasts excellent visibility and access from Princess Anne Road and Witchduck Road, experiencing 30,000 vehicles per day at the intersection. Its location is less than a quarter-mile from I-264, ensuring high traffic volume and accessibility. The site is zoned B3 and is situated within a thriving retail center, The Shoppes at Kemps Landing, currently home to established businesses including Starbucks, Gran Patron Mexican Restaurant, I Heart Mac & Cheese, Yomi Japanese Hibachi & Sushi, and Onward Physical Therapy. Strong demographics, including high population density, average household income, and household numbers within a 1-5 mile radius, make this an attractive investment opportunity. This prime location offers significant potential for a variety of commercial uses. The address is 5152 Princess Anne Rd, Virginia Beach, VA 23462.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,295,000
      ML approach
      $1,285,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,130,000
      6.5%
      $1,045,000
      7%
      $970,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,905,000
      Current use
      COMMERCIAL (GENERAL)
      $1,850,000
      Change: -3% Conversion: Easy
      RETAIL STORES
      $1,560,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.1613
    Latitude
    36.8265
    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
    $37,285
    $1,582,800
    $2,183,400
    $3,766,200
    -
    $1,582,800
    $2,183,400
    $3,766,200

    Comparable in this City

    • Value Estimation
      $4,615,000
      35,000 SF

      367 Independence Blvd

      MINI-MALL • 35,000 SF
      367 Independence Blvd, Virginia Beach, VA 23462-2822
      View Details
    • Value Estimation
      $580,000
      5,964 SF

      5034 Euclid Rd

      MINI-MALL • 5,964 SF
      5034 Euclid Rd, Virginia Beach, VA 23462-6614
      View Details
    • Value Estimation
      $10,585,000
      87,497 SF

      4621 Columbus St

      MINI-MALL • 87,497 SF
      4621 Columbus St, Virginia Beach, VA 23462-6791
      View Details
    • Value Estimation
      $2,730,000
      25,700 SF

      4676 Princess Anne Rd Ste, Unit 270

      MINI-MALL • 25,700 SF
      4676 Princess Anne Rd Ste, Virginia Beach, VA 23462-6466
      View Details
    • Value Estimation
      $2,020,000
      18,960 SF

      4402 Princess Anne Rd Ste, Unit 103

      MINI-MALL • 18,960 SF
      4402 Princess Anne Rd Ste, Virginia Beach, VA 23462-7908
      View Details
    • Value Estimation
      $2,410,000
      23,600 SF

      5444 Virginia Bch Blvd

      MINI-MALL • 23,600 SF
      5444 Virginia Bch Blvd, Virginia Beach, VA 23462-1758
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,988 SF

      Turnkey Commercial Space For Sale

      Turnkey commercial space ideal for retail or office use.
      5759 Princess Anne Rd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      3,341 SF

      Former Bank Branch For Sale

      3,341 SF former bank branch on 0.75 acres.
      351 Independence Blvd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      22,800 SF

      Retail Property Near I-264

      Retail property with high traffic volume near I-264.
      385 N Witchduck Rd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      6,023 SF

      Class A Office Building For Rent

      Class A office building with excellent access and free parking.
      4456 Corporation Ln, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      4,368 SF

      Two-Story Office Condo For Sale

      Two-story office condominium centrally located with convenient highway access.
      808 Newtown Rd, Virginia Beach, VA 23462
      View Details
    • $5,641,000
      11,780 SF

      Virginia Beach Office Building

      Office building with 11,780 square feet of space.
      380 Cleveland Pl, Virginia Beach, VA 23462
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space in Virginia Beach

      Neighborhood retail strip center in the heart of Virginia Beach.
      4676 Princess Anne Rd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Kempsville Area

      Retail space available in Harris Teeter anchored shopping center.
      4540 Princess Anne Rd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      2,254 SF

      Retail Space in Town Center

      Prime retail space in a vibrant, high-traffic area.
      189-221 Central Park Ave, Virginia Beach, VA 23462
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space Near Town Center

      Retail space available near Virginia Beach Town Center.
      5151 Bonney Rd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing

      Retail Space in Kempsville Plaza

      Retail spaces available within Kempsville Plaza Shopping Center.
      5277 Princess Anne Rd, Virginia Beach, VA 23462
      View Details
    • Contact for pricing

      Freestanding Building in Virginia Beach

      Freestanding building in the heart of Virginia Beach Town Center.
      304 Kellam Rd, Virginia Beach, VA 23462
      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.
    5152 Princess Anne Rd
    Virginia Beach, VA 23462-4235
    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
    5152 Princess Anne Rd, Virginia Beach, VA, 23462
    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!