You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR SALE
Turn key restaurants

8180 Shore Dr Norfolk, VA 23518

11,872 SF 0.85 ac lot Built 2020
Entity Owned 8-yr Hold Free & Clear
Property ID
US87-3367689
Property summary
AI-generated overview

This exceptional 12,579-square-foot retail space, built in 2020, presents a unique waterfront investment opportunity in Norfolk, Virginia's vibrant Ocean View section. Situated on Shore Drive, the property boasts excellent visibility and convenient access. Its prime location is adjacent to East Beach, several marinas including Vinings Landing and Cobb's Marina, and the Joint Expeditionary Base Little Creek-Fort Story, home to approximately 2,500 military personnel. The building features a brand-new, ground-floor restaurant space ready for tenant improvements and furnishings. A large second-floor banquet space offers stunning marina views and includes an outdoor deck. Customer convenience is enhanced by available boat slips and a dedicated elevator. The property also includes a smaller lift for efficient food transport between floors. The building is equipped with robust electrical power (600 amp, 3-phase, 120/208V) and a substantial 1 1/2-inch water supply line. This property offers a rare combination of prime location, modern amenities, and significant potential for a thriving business. The proximity to a major military base and the recreational draw of East Beach ensures a consistent flow of potential customers.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2020
Total area 11,872 SF
Lot 0.85 ac (37,135 SF)
Zoning code PD-MUTL
APN 1677
UPID US87-3367689
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
  • Abiouness Alfred E Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.25M
Blend (final) Blend
$910k
Owner & transaction history
East Bay Landing LLC A Virginia Lim · 8 yrs held
East Bay Landing LLC A Virginia Lim
since 2018
2 recorded transactions
2018
$625,000
2008
$6.5M
Zoning & alternative use
PD-MUTL · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message