Norfolk, VA Flex Space for Sale

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Updated: Jul 24

Light Industrial Warehouse with Office

2506 Colley Avenue, Norfolk, VA 23517

$850,000

11,591 sqft

111,591 SF freestanding concrete and block two‑story building with secure on‑site parking
8,062 SF warehouse on the first floor with grade‑level loading doors
3,528 SF warehouse on the second floor
Zoned I‑L (Light Industrial) with permitted indoor and outdoor industrial uses including warehousing and light manufacturing
Includes office space plus fenced, secure outdoor storage for light manufacturing or warehouse use

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This listing looks promising.

Here's a quick look at some key insights for

2506 Colley Avenue, Norfolk, VA 23517

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Est. Cap Rate

8.9%
Above avg (5.9%)
Est. NOI

$76K
Annual
Price @ 7% Cap

$1.08M
Above asking
Last Sold

Aug 2005
$650K
Property Type

Manufacturing (Light)
Built 1948

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Updated: Aug 18

Flexible Commercial Space

2474 E Little Creek Road, Norfolk, VA 23518

$550,000

12,868 sqft 0.30 AC lot

C‑1 zoning
Separate front, side, and rear entrances
Front parking plus additional rear parking
Existing plumbing and infrastructure
0.2954‑acre lot

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Flex Building with Bay Doors

860 45th Street, Norfolk, VA 23508

$775,000

12,620 sqft 0.40 AC lot

I-2-zoned flex property combines office space, industrial bays, and outdoor storage or parking.

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Four-Suite Flex Warehouse Building

801 East 25th Street, Norfolk, VA 23504

$4,675,000

18,740 sqft

Fully leased flex building with four tenant suites, grade-level doors, and convenient access to major transportation routes.

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Two-Story Flex Building

1000 E City Hall Ave, Norfolk, VA 23504

Contact for pricing

34,607 sqft

Two-story flex building offering office/warehouse space with immediate interstate access in Downtown Norfolk.

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Flex Space with Grade-Level Loading

818 Widgeon Rd, Norfolk, VA 23513

Contact for pricing

15,788 sqft

Industrial flex facility with office space, warehouse clear heights up to 17 feet, and multiple grade-level doors.

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Office/Warehouse Flex Suite

7440 Central Business Park Drive, Norfolk, VA 23513

$2,210,000

50/50 office-to-warehouse layout with grade-level loading and about 12' clear height, with remaining suite available.

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Flex Space with Office Storage

2507 Monticello Ave, Norfolk, VA 23517

Contact for pricing

2,600 sqft

Flexible commercial property combining office space with on-site storage for an owner-operated business.

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Based on your search, we've compiled 27 Potential Opportunities for your consideration. Besides 8 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 15 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

Flexible Two-Level Workspace

351 Maryland Avenue, Portsmouth, VA 23704

$150,000

4,928 sqft 0.13 AC lot

Workshop-oriented property with separate upper-level entry, rear office, and off-street parking.

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Retail Building for Sale

1728 S. Military Highway, Chesapeake, VA 23320

Contact for pricing

19,014 sqft

Retail property for sale offering 19,014 SF of flexible space.

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Flex Space with Workshop Features

351 Maryland Ave, Portsmouth, VA 23707

$150,000

Two-level building with office space, storage areas, separate access, and off-street parking.

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Office and Warehouse Building

805 Live Oak Drive 101, Chesapeake, VA 23320

Contact for pricing

22,600 sqft

Office suites with private entrances combined with a 12,600-sf warehouse featuring two garage doors and a loading dock.

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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.

LIGHT INDUSTRIAL

4500 Killam Ave, Norfolk, VA 23508-2047

$290,000

Estimated value

1,650 sqft 0.13 AC lot

View details

LIGHT INDUSTRIAL

400 24th St, Norfolk, VA 23517-1205

$1,050,000

Estimated value

10,727 sqft 0.60 AC lot

View details

LIGHT INDUSTRIAL

1185 Harmony Rd, Norfolk, VA 23502-2356

$1,485,000

Estimated value

7,908 sqft 0.99 AC lot

View details

LIGHT INDUSTRIAL

2638 Florida Ave, Norfolk, VA 23513-4407

$420,000

Estimated value

4,142 sqft 0.16 AC lot

View details

LIGHT INDUSTRIAL

5870 Curlew Dr, Norfolk, VA 23502-4627

$330,000

Estimated value

0.89 AC lot

View details

LIGHT INDUSTRIAL

121 25th St, Norfolk, VA 23517-1407

$295,000

Estimated value

5,198 sqft 0.24 AC lot

View details

Flex space

501 Little Creek Rd, Norfolk, VA 23505

Value Estimation by Request

9,260 sqft

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LIGHT INDUSTRIAL

514 Naval Base Rd, Norfolk, VA 23505

$305,000

Estimated value

0.09 AC lot

View details

LIGHT INDUSTRIAL

2633 Florida Ave, Norfolk, VA 23513-4406

$295,000

Estimated value

3,150 sqft 0.09 AC lot

View details

LIGHT INDUSTRIAL

3340 Cromwell Dr, Norfolk, VA 23509-2640

$305,000

Estimated value

2,944 sqft 0.35 AC lot

View details

LIGHT INDUSTRIAL

2416 Church St, Norfolk, VA 23504-1608

$300,000

Estimated value

1,008 sqft 0.29 AC lot

View details

LIGHT INDUSTRIAL

2418 Alabama Ave, Norfolk, VA 23513-4502

$285,000

Estimated value

1,600 sqft 0.19 AC lot

View details

LIGHT INDUSTRIAL

416 25th St, Norfolk, VA 23517-1244

$305,000

Estimated value

4,332 sqft 0.14 AC lot

View details

LIGHT INDUSTRIAL

424 25th St, Norfolk, VA 23517-1244

$310,000

Estimated value

5,815 sqft 0.25 AC lot

View details

LIGHT INDUSTRIAL

701 Frnt St, Norfolk, VA 23510

$900,000

Estimated value

6,046 sqft 8.24 AC lot

View details

Norfolk, VA Flex Space Market Trends and Statistics

Explore 23 flex space for sale in Norfolk, VA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 108,814 square feet of properties for sale, with an estimated market value of $9,060,000.

Sale prices for business spaces in Norfolk, VA start at $550,000, averaging $1,812,000, and reaching up to $4,675,000 — 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

Demographics Overview

Population 235K

Population Growth (5Y) -4.3%

Median Household Income $64,747

College Educated 29.0%

High-Yield Neighborhoods for Investment

Identify Norfolk submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
23509	$425K
23508	$775K
23517	$850K
23513	$2.2M
23504	$4.3M

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)

Property Size Breakdown

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

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Norfolk, VA Flex Space for Sale

2506 Colley Avenue, Norfolk, VA 23517

2474 E Little Creek Road, Norfolk, VA 23518

860 45th Street, Norfolk, VA 23508

801 East 25th Street, Norfolk, VA 23504

1000 E City Hall Ave, Norfolk, VA 23504

818 Widgeon Rd, Norfolk, VA 23513

7440 Central Business Park Drive, Norfolk, VA 23513

2507 Monticello Ave, Norfolk, VA 23517

Opportunities in Nearby Cities

351 Maryland Avenue, Portsmouth, VA 23704

1728 S. Military Highway, Chesapeake, VA 23320

351 Maryland Ave, Portsmouth, VA 23707

805 Live Oak Drive 101, Chesapeake, VA 23320

Off-Market Properties in Norfolk, VA

4500 Killam Ave, Norfolk, VA 23508-2047

400 24th St, Norfolk, VA 23517-1205

1185 Harmony Rd, Norfolk, VA 23502-2356

2638 Florida Ave, Norfolk, VA 23513-4407

5870 Curlew Dr, Norfolk, VA 23502-4627

121 25th St, Norfolk, VA 23517-1407

501 Little Creek Rd, Norfolk, VA 23505

514 Naval Base Rd, Norfolk, VA 23505

2633 Florida Ave, Norfolk, VA 23513-4406

3340 Cromwell Dr, Norfolk, VA 23509-2640

2416 Church St, Norfolk, VA 23504-1608

2418 Alabama Ave, Norfolk, VA 23513-4502

416 25th St, Norfolk, VA 23517-1244

424 25th St, Norfolk, VA 23517-1244

701 Frnt St, Norfolk, VA 23510

Norfolk, VA Flex Space Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Property Size Breakdown

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