Retail Business for Sale in Norfolk, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Norfolk, VA 23513

Description

Now Available for Lease, Office/warehouse, located at 834 Widgeon Rd. Available square footage 5,176 SF.

Market Context

This retail in Norfolk, VA is listed for sale. It has been on the market for 93 days. Compare it against other retail listings for sale in Norfolk, VA — <a href="/search/sale/retail/virginia/norfolk">view the full market</a>.

As of Q4 2023, the Hampton Roads retail market showed a 3.6% vacancy rate, average asking rents near $22.50/SF/yr, and cap rates around 6.6%. Source: Consensus Q4 2023 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Hampton Roads?
About 6.6% as of Q4 2023, per Consensus.
Is the Hampton Roads retail market tightening or softening?
Vacancy is around 3.6% (Q4 2023).

Unified Estimate

Medium Confidence

$44.38/SF – $60.04/SF

Mid: $52.21/SF

Rate estimator only; cost-of-business estimate unavailable.

Contact

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