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Property profile & analytics

5901 Virginia Bch Blvd Norfolk, VA 23502-2401

  • Automotive properties
  • 2,485 SF
  • 0.45 lot acres
OFF-MARKET
Value Estimations
$310,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US87-3350516
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.

Current Use by Public Records

  • Wanda Coach / Bus Company / Bus And Coach Company

Property Details for 5901 Virginia Bch Blvd

Year built
1962
Lot size
0.45 lot acres
Property size
2,485 SF
Zone code
C-2
Property type
Automotive properties
APN
40977000
APU
40977000

Description

This 1,973 square foot storefront is located at 5901 E Virginia Beach Blvd, Norfolk, VA 23502. Situated on a hard corner at a signalized intersection, this property boasts exceptional visibility and accessibility. Its strategic location directly across from the JANAF Shopping Yard and adjacent to Military Circle Mall ensures high foot traffic and significant brand exposure. The property benefits from its proximity to major thoroughfares, I-264 and I-64, further enhancing its appeal to businesses and customers alike. This represents a rare opportunity to acquire a retail space in Norfolk's busiest retail corridor and largest retail node. The asking price for this exceptional property is $750,000. The building's 1,973 square feet offer ample space for a variety of retail uses, making it an attractive investment for owner-occupants seeking a prime location in a thriving commercial area. The property's high-impact location and strong surrounding retail environment make it an ideal investment for long-term growth and profitability. Don't miss this chance to secure a prominent position in one of Norfolk's most sought-after retail destinations.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $320,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $302,000
    Market price range: $105k - $302k
  • Alternative Use

    Use
    Estimation
    AUTO REPAIR, GARAGE
    $480,000
    Current use
    OFFICE BUILDING
    $490,000
    Change: +2% Conversion: Difficult
    RETAIL STORES
    $410,000
    Change: -15% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Norfolk
County
Norfolk City
State
Virginia
Longitude
-76.203
Latitude
36.8552
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
$5,460
$255,200
$181,600
$436,800
-
$255,200
$181,600
$436,800
More about this property
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