941 Laskin Rd, Virginia Beach, VA 23451
- Commercial real estate
- 20,679 SF
- 4.04 lot acres
Current Use by Public Records
- Beach Cinema Alehouse / Cinema / Theater & Performing Art Venue
- Secure Life Insurance / Insurance Agency
Property Details for 941 Laskin Rd
- Year built
- 1991
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 4.04 lot acres
- Zone code
- B2
- Property type
- Commercial real estate
- APN
- 24187162720000
- APU
- 24187162720000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| — | — | Laskin Road Associates LP | — | Deed Of Trust · related | $1.4M · Heritage Bank |
Description
This exceptional commercial property, located at 941 Laskin Road in Lower Norfolk County, presents a unique opportunity for businesses seeking high-visibility space. The 4.08-acre site boasts a total of 42,200 square feet of space, currently entirely vacant and available for lease. The building is zoned B-2 and offers flexible options with a minimum divisible space of 17,200 square feet and a maximum contiguous space of 25,000 square feet. Two spaces are currently available. The property features ample parking with 300 spaces, ensuring convenient access for employees and customers. A large pylon sign is available, providing excellent branding opportunities. The strategic location on Laskin Road offers direct visibility and full ingress/egress, benefiting from a high daily traffic volume of 24,000 vehicles. This prime location is within walking distance of the Virginia Beach Oceanfront, a destination attracting 13 million visitors annually, and is just 1.5 miles from Hilltop. The surrounding area includes affluent neighborhoods like Birdneck Point, Bay Colony, and the North End, providing a strong demographic base for businesses. This property is ideal for a variety of uses, including essential retail, restaurants, and executive offices.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,755,000
- 6.5%
- $4,390,000
- 7%
- $4,075,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,324,000
- AI Estimate
- $2,613,000
Market price range: $2.87M - $14.7MMarket price range: $2.29M - $4.95M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $5,980,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach City
- State
- Virginia
- Longitude
- -75.9884
- Latitude
- 36.8569
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
