Technical
Financial
Distress signals
Property profile

908 General Booth Blvd Virginia Beach, VA 23451

FOR LEASE
Drive through restaurants
Property ID
US87-0919214
3,982 SF 0.98 ac lot Built 1985
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,982 square foot retail property, located at 908 General Booth Boulevard in Virginia Beach, Virginia, presents a unique opportunity for businesses seeking a prominent location. The building is situated on a sizable 0.98-acre lot, offering ample space and visibility. Currently entirely vacant, this single-tenancy space provides immediate occupancy for a wide range of retail ventures. The property's address is in the 23451 zip code within Virginia Beach City and County, Virginia. Its convenient location offers excellent access to major roadways and a thriving customer base. The building's total square footage is 3,982 square feet, all of which is available for lease or purchase. This presents a blank canvas for businesses to design and customize their ideal retail space. The property is classified as commercial retail and is ready for immediate possession. The property is new to the market, offering a fresh start for prospective tenants or buyers. This is an excellent opportunity to establish a strong presence in a dynamic and growing area of Virginia Beach. Serious inquiries are encouraged to explore this exceptional retail space. The property is available for both sale and lease, providing flexibility for potential buyers and tenants.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1985
Construction FRAME
Total area 3,982 SF
Lot 0.98 ac (42,689 SF)
Zoning code B2
APN 24167482640000
UPID US87-0919214

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

908 General Booth Blvd Virginia Beach, VA 23451
Virginia Beach metro Census 45200 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$815k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$735k

Owner & transaction history

since 2023
Last sale
$725,000
2 recorded transactions
2023
$725,000
2021
$550,000

Zoning & alternative use

B2 · Virginia Beach, VA
Zoning description

The purpose of the B-2 Community Business District is to provide land needed for community wide business establishments. This district is intended for general application in the city. It is intended that, by the creation…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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