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Property profile & analytics
FOR LEASE
Strip malls
5950 E Virginia Beach Blvd, Norfolk, VA 23502
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-3390116
For Lease
1 / 2
Contact for pricing
5950 E Virginia Beach Blvd, Norfolk, VA 23502
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Total area
17,200 SF
Lot
0.55 ac (24,119 SF)
Zoning code
C-3
APN
809392
UPID
US87-3390116
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
-
Letoile Day Spa & Nails Hair Salon Nail Salon
-
Design 4 You - Screen Printing and Embroidery Marketing & Advertising Advertising Agency
-
Rent-A-Center Furniture & Home Goods Home Decor Store
-
US Navy Enlisted Recruiting Military Recruiting Office
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Army Recruiting Office Norfolk Employment Agency
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
WHLRJANAF, LLC
WHLRJANAF, LLC
Zoning & alternative use
C-3 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$17,415
Tax year 2024
Assessed value
$1,393,200
Assessed 2024
Previous assessed
$1,367,400
+1.9% YoY
Effective rate
1.25%
On assessed value
Assessed land
$265,300
Assessed improvement
$1,127,900
Land market value
$265,300
Improvement market value
$1,127,900
Total market value
$1,393,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1997
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
17,200 SF
Lot
0.55 ac (24,119 SF)
Zoning code
C-3
APN
809392
UPID
US87-3390116
Jurisdiction
NORFOLK CITY
Zoning & alternative use
C-3 · Norfolk, VA
Zoning C-3 · permitted uses
C-3 · Norfolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norfolk. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
WHLRJANAF, LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2529 VIRGINIA BCH BLVD, VIRGINIA BEACH, VA 23452-7650
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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