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Property profile & analytics
FOR LEASE
Community centers

8401 Hampton Blvd Norfolk, VA 23505

55,742 SF 5.92 ac lot Built 1989
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US87-3384607
Property summary
AI-generated overview

Glenwood Shoppes, located at 8401 Hampton Boulevard in Norfolk, Virginia (zip code 23505), presents a unique retail investment opportunity. This 54,287 square foot shopping center, built in 1990, is situated in Norfolk city, offering a single, currently vacant, 1 square foot suite. The property boasts a prime location at the entrance to Naval Station Norfolk, the world's largest naval base, providing unparalleled access to a substantial consumer base. Over 150,000 personnel work at this naval installation, creating a significant and consistent customer flow. The center's grocery anchor further enhances its appeal and draws in a steady stream of shoppers. This property is classified as a retail shopping center with multiple tenancies, although currently only one suite is available. The property's strategic location and proximity to a major employer make it an attractive prospect for businesses seeking high visibility and a large potential customer base. The address is easily accessible and benefits from high traffic volume. This presents a rare chance to establish a business within a well-established and thriving retail environment. Serious inquiries are encouraged.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1989
Total area 55,742 SF
Lot 5.92 ac (257,919 SF)
Zoning code C-2
APN 45184820
UPID US87-3384607
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
  • Thai Best Cuisine Restaurant
  • Daiwa Japanese Restaurant Restaurant
  • Pizza Hut Restaurant
  • Grand Champions Barbershop Barber Shop
  • Pamela Infinite Self Storage Facility Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$950k
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.17M
Blend (final) Blend
$1.56M
Owner & transaction history
Midlantic Builders Glenwood LLC · 13 yrs held
Midlantic Builders Glenwood LLC
since 2013
2 recorded transactions
2024
Price N/A
2013
Price N/A
Zoning & alternative use
C-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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