For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Zoned I-1 Industrial Building Title is generated by Realmo AI

    915 W 26th Street, Norfolk, VA 23517

    View on Map
    Claim this Listing
    For Sale
    $699,000

    COMMERCIAL - Norfolk, VA

    Property size:
    5,867 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $119/SF
    Added:
    Jun 15, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 27 at 4:06 pm

    Property Features for 915 W 26th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    I-1
    Standard status
    Active
    Size
    5,867 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4106

    Building Details

    Roof type
    Shingle

    We can help!

    Contact an agent
    Kenneth Foster

    Listing agent Kenneth Foster

    Listing office COVA Home Realty 3720 Holland Rd. Ste 103, Virginia Beach, VA

    Listing date Jun 15, 2026

    MLS# 10639860

    Copyright © 2026 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

    This for-sale industrial building is zoned I-1 and includes approximately 5,867 square feet of space on a 0.13-acre lot. The offering is structured so that all commercial properties listed are sold together as a combined package.

    The property is located at 915 W 26th Street in Norfolk, VA 23517. Public remarks also note that there is another connected parcel, and the city may be willing to sell it for future development.

    Sellers would consider an owner financing scenario, subject to terms, with a minimum of 10% down. For buyers or operators evaluating an I-1 site as part of a multi-parcel acquisition, this package format can be helpful for assembling the necessary holdings through a single transaction while keeping the possibility of additional development area in consideration.

    Local Financial Insights For Industrial

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $57.0k $9.72
    − Vacancy −$2.1k −$0.36
    EGI $54.9k $9.36
    − OpEx −$16.5k −$2.81
    NOI $38.4k $6.55
    5,867 SF · lease $9.72/SF/yr · vacancy 3.70% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $549.2K
    $480.5K – $640.7K (±1% cap)
    NOI $38,442 @ 7.0% cap · market cap 5.50%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.24M
    $1.09M – $1.45M (±1% cap)
    NOI $87,122 @ 7.0% cap · market cap 12.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2758523
    Latitude
    36.8712585

    FAQs

    What type of property is this?
    Manufacturing property - Industrial building zoned I-1, offered as part of a connected-property package with potential owner-financing terms.
    Where is this manufacturing property located?
    The property is located at 915 W 26th Street Norfolk, VA.
    What is the asking price?
    The asking price for this property is $699,000.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message