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    5010 Princess Anne Rd E Norfolk, VA 23502

    New
    For Sale
    $1,399,999

    Purchase,Commercial/Industrial - Norfolk, VA

    Property size:
    17,500 SF
    Lot size:
    0.45 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 5010 Princess Anne Rd E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-C
    Parking features
    Paved or Surfaced
    Interior features
    Fire Sprinkler Sys, Inside Storage
    Exterior features
    Door Sign
    Size
    17,500 SF
    Lot size
    0.45 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Wall/Window Unit(s), Zoned

    Building Details

    Year built
    1932
    Floors in Building
    2
    Number of units
    15
    Flooring type
    Laminate, Tile
    Building materials
    Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Gabriel Rapisardi Real Estate Group LLC (757) 577-2902 [email protected]

    Listing agent Gabriel Rapisardi (757) 577-2902

    Listing date Dec 1, 2025

    MLS# 10611879 Listing URL

    Copyright © 2025 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building on Princess Anne

    This mixed-use building is located on Princess Anne Road in Norfolk, Virginia. The property includes 6 residential units, 7 retail spaces, and 2 offices. The building is being sold As/Is and is currently 100% occupied. The property is situated on a 0.45-acre lot and has a building size of 17,500 square feet. The retail businesses on the bottom floor include a florist, salons, and a fully equipped restaurant. The property is zoned C-C.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Martin Florist Florist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2259788
    Latitude
    36.8701127

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail, offices, and residential units.
    Where is this mixed-use property located?
    The property is located at 5010 Princess Anne Rd E Norfolk, VA.
    What is the asking price?
    The asking price for this property is $1,399,999.
    What are key features of this property?
    This property features: - 100% Occupancy: Provides immediate and consistent cash flow.; - Mixed-Use Building: Features a combination of retail, office, and residential units.; - Prime Location: Situated on busy Princess Anne Rd, offering high visibility and accessibility.
    (757) 577-2902
    Request Owner's contact information
    5010 Princess Anne Rd E Norfolk, VA 23502
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    Norfolk, VA 23502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5010 Princess Anne Rd E Norfolk, VA 23502
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