7920 Chesapeake Blvd, Norfolk, VA 23518
For Lease
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This exceptional commercial property at 7920 Chesapeake Blvd in Norfolk, Virginia (zip code 23518) offers multiple tenancy opportunities in a prime location. Two spaces are currently available, ranging from 700 to 1600 square feet, suitable for a variety of uses including retail, office, and restaurant establishments. One space is a former laundromat endcap, providing excellent visibility and street frontage. Another space is a second-generation restaurant space, complete with existing kitchen infrastructure including a 12-foot hood and a three-compartment sink. The property boasts a highly visible location on Chesapeake Boulevard, benefiting from significant daily traffic volume. With 36,134 vehicles per day on Little Creek Road and 23,956 vehicles per day on Chesapeake Boulevard, this property offers unparalleled exposure to potential customers. The building's strategic placement ensures easy access for patrons and high visibility from Little Creek Road, maximizing the potential for business success. This is an excellent opportunity for businesses seeking a high-traffic location with existing infrastructure in place. Contact us today to learn more about lease terms and availability.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Norfolk, VANorfolk. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.