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Property profile & analytics
FOR SALE
Drug stores

7912 Halprin Dr Norfolk, VA 23518-3006

12,110 SF 1.09 ac lot Built 2001
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US87-3369764
No photos on file
For Sale
Contact for pricing 12,110 SF
7912 Halprin Dr, Norfolk, VA 23518-3006
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Property summary
AI-generated overview

This exceptional 10,908-square-foot retail property, located at 7912 Halprin Drive in Norfolk, Virginia, presents a unique investment opportunity. The single-tenant building sits on a 1.08-acre lot in Norfolk city County, zip code 23518, and is currently vacant. Its strategic location along E Little Creek Road offers significant visibility and accessibility due to its placement at a high-traffic, signalized intersection. The property boasts extensive road frontage with multiple points of access, ensuring convenient ingress and egress for customers and employees. This prime location is ideally situated midway between the Norfolk Naval Station and the Joint Expeditionary Base (Little Creek Fort Story), providing access to a substantial and densely populated middle-income demographic, including a significant number of active-duty military personnel and their support networks. The property's size and location make it suitable for a variety of restaurant or retail concepts seeking to capitalize on this thriving market. The entire building is available for lease, offering a blank canvas for a new business venture. This is a rare opportunity to establish a presence in a high-demand area with strong potential for growth and return on investment. The property's coordinates are 36.9155778 latitude and -76.2195595 longitude.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2001
Total area 12,110 SF
Lot 1.09 ac (47,263 SF)
Zoning code C-3
APN 18259815
UPID US87-3369764
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
  • Lewis Tharp Pharmacy
  • Chi Huynh Pharmacy
  • Amy M. Kam, RPh Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.75M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.02M
Blend (final) Blend
$3.76M
Owner & transaction history
Alp Aslan · 1 yrs held
Alp Aslan
since 2025
Last sale
$3.5M
1 recorded transaction
2025
Price N/A
Zoning & alternative use
C-3 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Adopted Zoning Ordinance
Top alternative use upside
Office building $2.4M +19.6%
Auto repair, garage $2.3M +17.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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