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    Norfolk, VA
    Shopping Center

    Norfolk, VA Shopping Centers for Sale

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    Portsmouth, VA Chesapeake, VA Virginia Beach, VA Suffolk, VA Hampton, VA Newport News, VA Carrollton, VA Smithfield, VA
    Retail Space in Bayview Plaza
    Updated: Apr 2, 2025
    Retail Space in Bayview Plaza

    7924 Chesapeake Blvd, Norfolk, VA

    $4,015,606
    25,816 sqft 2.23 AC lot
    High traffic location: Over 34,000 vehicles per day at the intersection of Chesapeake Blvd. and E. Little Creek Road.
    Convenient location: Immediately off the signalized intersection of Chesapeake Boulevard and E. Little Creek Road, near CVS and Wawa.
    Investment or owner‑occupant opportunity: Vacant 6,886 SF space formerly a primary care doctor's office, available for occupancy or lease.
    Proximity to Little Creek Amphibious Base: Located three miles from the base with a daytime population of 19,000.
    Established shopping center: Located in Bayview Plaza, a shopping center with diverse restaurants and medical offices.
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    This listing looks promising.

    Here's a quick look at some key insights for

    7924 Chesapeake Blvd, Norfolk, VA

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    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $293K
      Annual

    • Price @ 7% Cap

      $4.19M
      Above asking

    • Property Type

      Neighborhood: Shopping Center, Strip Center, Enterprise Zone
      Built 1978
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    Anchored Power Center Retail Space
    Updated: Jun 2
    Anchored Power Center Retail Space

    1261 North Military Highway, Norfolk, VA 23502

    Contact for pricing
    11,097 sqft
    Anchored power center in Norfolk’s retail corridor with Target, Home Depot, and Food Lion
    Half‑mile frontage with three separate entrances for retailer and customer access
    30 retailers and restaurants on‑site, supporting a regional draw
    Expansion of Military Highway completed to handle increasing traffic counts
    11,097 SF former Party City space available
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    Retail Property Near Wards Corner
    Retail Property Near Wards Corner

    7635 Granby St, Norfolk, VA

    Contact for pricing
    16,200 sqft 0.71 AC lot

    Fully leased retail property near Norfolk's Wards Corner district.

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    Neighborhood Retail Shopping Center
    Neighborhood Retail Shopping Center

    2300 E Little Creek Road, Norfolk, VA 23518

    Contact for pricing

    Decades of operating history and long-tenured retailers support stable traffic from a dense middle-income trade area.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Retail Portfolio For Sale
    Retail Portfolio For Sale

    5461 Wesleyan Dr, Virginia Beach, VA 23455

    $15,000,000
    64,059 sqft

    Portfolio featuring shopping center, net lease, and commercial land.

    View details
    Anchored Regional Retail Power Center
    Anchored Regional Retail Power Center

    4107 Portsmouth Boulevard, Chesapeake, VA 23321

    Contact for pricing

    National-tenant power center anchored by Best Buy, Ross, Old Navy, and ALDI with strong visibility near major road access.

    View details
    Mixed-Use Town Center Development
    Mixed-Use Town Center Development

    222 Central Park Ave, Virginia Beach, VA 23462

    Contact for pricing

    Town Center in Virginia Beach anchors a dense live-work-play market with hotels, residences, and major daily employment.

    View details
    Retail Outparcels For Sale
    Retail Outparcels For Sale

    2800 Yadkin Rd, Chesapeake, VA 23323

    Contact for pricing

    Retail outparcels available in Chesapeake, Virginia.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Corner Lot in Moyock
    Prime Corner Lot in Moyock

    355 Caratoke Highway lot: 3,4.&5, Moyock, NC 27958

    $1,255,000
    3.58 AC lot

    3.58 acres on Caratoke Highway with General Business zoning.

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    Prime Commercial Land Opportunity, Moyock
    Prime Commercial Land Opportunity, Moyock

    Tulls Creek Road, Moyock, NC 27958

    $1,299,950
    24.12 AC lot

    24.16-acre commercial land in high-growth Moyock, North Carolina.

    View details
    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    TM 23 85 Christopher Dr, Kilmarnock, VA 22482

    $135,000
    19.44 AC lot

    Zoned C1 commercial land offering highway frontage, adjacent to established retailers, with wetlands delineation and survey on file.

    View details
    Emporia Commercial Land Opportunity
    Emporia Commercial Land Opportunity

    Commonwealth Blvd, Emporia, VA 23847

    $245,000
    9.83 AC lot

    9.83 acres of cleared, flat commercial land for sale.

    View details

    Off-Market Properties in Norfolk, VA

    Consider similar Off-Market properties in Norfolk, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1877 Ocean Vw Ave
    SHOPPING CENTER, STRIP CENTER

    1877 Ocean Vw Ave, Norfolk, VA 23503-2501

    $1,210,000
    Estimated value
    5,361 sqft 0.67 AC lot
    View details
    700 Little Crk Rd
    SHOPPING CENTER, STRIP CENTER

    700 Little Crk Rd, Norfolk, VA 23518-3710

    Value Estimation by Request
    6,854 sqft 0.48 AC lot
    View details
    9617 Granby St
    SHOPPING CENTER, STRIP CENTER

    9617 Granby St, Norfolk, VA 23503-1625

    $1,335,000
    Estimated value
    15,746 sqft 0.57 AC lot
    View details
    9545 Shr Dr
    MINI-MALL

    9545 Shr Dr, Norfolk, VA 23518-1711

    $7,500,000
    Estimated value
    62,956 sqft 4.47 AC lot
    View details
    1200 Military Hwy
    MINI-MALL

    1200 Military Hwy, Norfolk, VA 23502-2227

    $2,125,000
    Estimated value
    64,157 sqft 14.47 AC lot
    View details
    741 Little Crk Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    741 Little Crk Rd, Norfolk, VA 23518-3709

    $11,775,000
    Estimated value
    136,526 sqft 10.63 AC lot
    View details
    6171 Sewells Pt Rd
    SHOPPING CENTER, STRIP CENTER

    6171 Sewells Pt Rd, Norfolk, VA 23513-3255

    Value Estimation by Request
    10,588 sqft 0.33 AC lot
    View details
    3676 Sewells Pt Rd
    SHOPPING CENTER, STRIP CENTER

    3676 Sewells Pt Rd, Norfolk, VA 23513-3516

    $705,000
    Estimated value
    6,399 sqft 0.72 AC lot
    View details
    1500 Brambleton Ave
    SHOPPING CENTER, STRIP CENTER

    1500 Brambleton Ave, Norfolk, VA 23504-4342

    $2,000,000
    Estimated value
    8,760 sqft 0.70 AC lot
    View details
    104 Little Crk Rd
    MINI-MALL

    104 Little Crk Rd, Norfolk, VA 23505

    $5,530,000
    Estimated value
    146,946 sqft 4.93 AC lot
    View details
    6138 Chesapeake Blvd
    SHOPPING CENTER, STRIP CENTER

    6138 Chesapeake Blvd, Norfolk, VA 23513-2042

    Value Estimation by Request
    8,580 sqft 0.80 AC lot
    View details
    1113 Military Hwy
    SHOPPING CENTER, STRIP CENTER

    1113 Military Hwy, Norfolk, VA 23502-2435

    $1,015,000
    Estimated value
    2,419 sqft 1.77 AC lot
    View details
    3506 Military Hwy
    SHOPPING CENTER, STRIP CENTER

    3506 Military Hwy, Norfolk, VA 23518-5502

    $970,000
    Estimated value
    2,498 sqft 1.47 AC lot
    View details
    157 Little Crk Rd
    SHOPPING CENTER, STRIP CENTER

    157 Little Crk Rd, Norfolk, VA 23505-2553

    $940,000
    Estimated value
    5,454 sqft 0.43 AC lot
    View details
    1600 Premium Outlets Blvd
    MINI-MALL

    1600 Premium Outlets Blvd, Norfolk, VA 23502-5521

    $1,180,000
    Estimated value
    30,036 sqft 50.39 AC lot
    View details
    7525 Tidewater Dr
    MINI-MALL

    7525 Tidewater Dr, Norfolk, VA 23505-3700

    $4,365,000
    Estimated value
    213,832 sqft 15.61 AC lot
    View details
    7740 Tidewater Dr
    SHOPPING CENTER, STRIP CENTER

    7740 Tidewater Dr, Norfolk, VA 23505-3716

    $2,465,000
    Estimated value
    6,170 sqft 0.74 AC lot
    View details
    1819 Little Crk Rd
    SHOPPING CENTER, STRIP CENTER

    1819 Little Crk Rd, Norfolk, VA 23518-4203

    $10,990,000
    Estimated value
    142,092 sqft 11.20 AC lot
    View details
    3175 Azalea Gdn Rd
    SHOPPING CENTER, STRIP CENTER

    3175 Azalea Gdn Rd, Norfolk, VA 23513-2363

    $980,000
    Estimated value
    9,074 sqft 0.56 AC lot
    View details
    1018 Clarence St
    SHOPPING CENTER, STRIP CENTER

    1018 Clarence St, Norfolk, VA 23502-2961

    Value Estimation by Request
    7,850 sqft 0.56 AC lot
    View details

    Norfolk, VA Shopping Centers Market Trends and Statistics

    Explore 72 shopping centers for sale in Norfolk, VA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 25,816 square feet of properties for sale, with an estimated market value of $4,015,606.

    Sale prices for plazas in Norfolk, VA start at $4,015,606, averaging $4,015,606, and reaching up to $4,015,606 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 29
    Storefront properties 8
    Grocery and convenience stores 5
    Banks 4
    Automotive properties 3

    Demographics Overview

    Population 235K
    Population Growth (5Y) -4.3%
    Median Household Income $64,747
    College Educated 29.0%

    Taxes & Financing

    Tax Rate (average for all types) 1.27%
    Property Tax per SF $9.43 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Norfolk city

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Norfolk city

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Norfolk fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Norfolk, VA

    • 23502
    • 23518

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