4221 Pleasant Valley RdVirginia Beach, VA 23464

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $11,502,700

  6.5%

  $10,617,900

  7%

  $9,859,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,299,270

  Geo Method

  $9,373,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $20,756,900

  Mixed-Use / Specialty

  $10,559,400

  Hospitality / Lodging

  $7,720,270

  Office

  $10,475,200

  Institutional / Educational

  $10,970,200

  Residential Income

  $12,835,100

  Multifamily

  $15,508,000

  Automotive / Energy

  $9,403,010

  Parking / Income-Based Land

  $3,265,230

  Restaurant / Food Service

  $5,448,040

  Healthcare / Senior Housing

  $10,849,600

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

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