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Property profile & analytics
OFF-MARKET
Community centers

528 1st Colonial Rd Virginia Beach, VA 23451-6120

4,443 SF 0.91 ac lot Built 1979
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-0963196
Property summary
AI-generated overview

This exceptional retail property, located at 528-550 First Colonial Road in Virginia Beach, VA 23451, offers a prime opportunity for businesses seeking high visibility and strong foot traffic. The shopping center encompasses a substantial 270,093 square feet and sits on a generous 16.09-acre lot. Built in 1998, the property is zoned as "7" within Virginia Beach city. Multiple tenancies are currently in place, creating a vibrant and thriving retail environment. For prospective tenants, there is currently 13,280 square feet of vacant space available, divisible into units as small as 5,000 square feet, with a maximum contiguous space of 8,280 square feet. The property's strategic location in Virginia Beach ensures excellent access to a large customer base. This is an ideal opportunity for retailers seeking a well-established location with significant potential for growth. The property's size and layout offer flexibility for a variety of retail uses. Interested parties should inquire about available space and lease terms. The property's location provides easy access to major roadways and ample parking for customers and employees. This is a rare opportunity to secure retail space in a highly desirable location within a thriving shopping center.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1979
Construction TYPE NOT SPECIFIED
Total area 4,443 SF
Lot 0.91 ac (39,623 SF)
Zoning code B2
APN 24078732750000
UPID US87-0963196
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Autobell Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hilltop Copeland Strip LLC · 10 yrs held
Hilltop Copeland Strip LLC
since 2016
3 recorded transactions
2022
Price N/A
2016
Price N/A
1969
Price N/A
Zoning & alternative use
B2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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