4221 Pleasant Valley RdVirginia Beach, VA 23464

  • Retail properties
  • 53,969 SF
For Lease
$14/SF/YR View listing

Property Details for 4221 Pleasant Valley Rd

Year built
1988
Construction
TYPE NOT SPECIFIED
Lot size
9.85 AC
Property size (Sq ft)
53,969 SF
Zone code
B2
Property type
Retail properties
Property subtype
Community centers
APN
14750477110000
APU
14750477110000

Description

This exceptional retail or office space, totaling 1,750 square feet, is part of the Pleasant Valley Market Place, a well-established 83,000 square foot shopping center situated on a 10-acre lot in the Salem area of Virginia Beach, VA. The property boasts a convenient location at the intersection of Pleasant Valley Road and Lynnhaven Parkway, directly across from Salem Middle and Salem High Schools, ensuring high visibility and foot traffic. The center is anchored by a Food Lion grocery store, providing a strong draw for customers. This space is ideal for a variety of businesses, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 1,750 square feet currently available. The property is zoned B-2, allowing for diverse commercial uses. The entire center has recently undergone renovations, enhancing its appeal and functionality. With easy access to major roadways and a prime location near schools, this space presents a unique opportunity for businesses seeking high visibility and a strong customer base in a thriving community. The address is 4221 Pleasant Valley Rd, Virginia Beach, VA 23464. This 1,400 square foot space is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $14,719,227
    6.5%
    $13,586,979
    7%
    $12,616,480
  • Comparable approach

    Method
    Valuation
    Relative Method
    $15,263,617
    Geo Method
    $22,713,674
  • Alternative Use

    Use
    Valuation
    Residential
    $11,461,125
    Hospitality
    $10,498,329
    Educational
    $8,734,486
    Medical
    $9,034,879
    Retail
    $13,586,979
4221 Pleasant Valley Rd, Virginia Beach, Virginia

Location Insight

City
Virginia Beach
County
Virginia Beach City
State
Virginia
Latitude
36.7878
Longitude
-76.1513
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$66,464
$3,007,400
$3,706,100
$6,713,500
-
$3,007,400
$3,706,100
$6,713,500

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