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    1000 Park Ave NW Norton, VA 24273

    For Sale
    $470,000

    Professional office building with recent renovations in downtown Norton, VA.

    Property size:
    4,900 SF
    Lot size:
    0.35 Acres

    Property Features for 1000 Park Ave NW

    General Information

    Size
    4,900 SF
    Lot size
    0.35 Acres

    Source: Virginessee Real Estate Consultants Agent Fred McClellan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Norton, VA Professional Office Building

    Located on the corner of 10th Street and Park Avenue in downtown Norton, VA, this property features a single-story professional office building with 4,900 square feet and a 675-square-foot garage on a 0.36-acre parcel. Both buildings have brick-sided exteriors. The office building includes a small foyer leading to the business office and the conference room entrance. It comprises 10 rooms, including a conference room, individual offices, a fully equipped area, a vault, a kitchen/breakroom, an exterior drive-up transaction window, a utility closet, a storage room, and restrooms. Recent renovations in 2021 included a new roof and an external access ladder. The zoning is classified as B-2. An appraisal is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LG&E and KU Energy, ... Electric Utility Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Norton
    County
    Norton
    State
    Virginia
    Longitude
    -82.6339668
    Latitude
    36.9324462

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      Medical Office Investment Opportunity

      NNN leased medical office with investment upside.
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    • $425,000
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      Prime Norton Commercial Space

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    FAQs

    What type of property is this?
    Office building - Professional office building with recent renovations in downtown Norton, VA.
    Where is this office building located?
    The property is located at 1000 Park Ave NW Norton, VA.
    What is the asking price?
    The asking price for this property is $470,000.
    What are key features of this property?
    This property features: - Prime location on a primary commercial corridor in downtown Norton, VA, at the corner of 10th Street and Park Avenue.; - 4,900 sq/ft professional office building with a functional layout including 10 rooms: conference room, individual offices, kitchen/breakroom, vault, and restrooms.; - Zoning classified as B-2, suitable for a variety of business uses.
    (276) 492-3839
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    Norton, VA 24273
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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
    1000 Park Ave NW Norton, VA 24273
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