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    730 W 21St St Norfolk, VA 23517

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    For Lease
    $17 SF/Yr ($18,178 /Mo)

    Prime retail location at a high-traffic intersection in Ghent.

    Property size:
    12,832 SF
    Lot size:
    2.63 Acres

    Property Features for 730 W 21St St

    General Information

    Size
    12,832 SF
    Lot size
    2.63 Acres

    Source: Colliers | Norfolk Agent Kevin OKeefe

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

    Overview

    Retail Space in Ghent Epicenter

    The Center Shops offer retail space in the Ghent area, situated at the intersection of Colley Avenue and 21st Street. This location is convenient to surrounding neighborhoods and provides access to students, faculty, and staff at Old Dominion University. The property is also near the Sentara Medical Complex and Naval Station Norfolk, which has over 62,000 military and civilian personnel. Tenant is responsible for the pro-rata share of CAM, taxes, and insurance, estimated at $2.88 per square foot, broken down as follows: $1.18 for tax, $0.14 for insurance, and $1.56 for CAM. The property offers 12,832 square feet of retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ALDI Supermarket

    Suggested Use

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

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

    Similar Places Nearby

    Coinstar Kiosk | Bitcoin ATM, Ghent Market Shoppes, Palace Shops & Station, Center Shops, 16,000 SF NEW RETAIL

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2942233
    Latitude
    36.8703562

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    FAQs

    What type of property is this?
    Shopping center - Prime retail location at a high-traffic intersection in Ghent.
    Where is this shopping center located?
    The property is located at 730 W 21St St Norfolk, VA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Located in the epicenter of Ghent at the intersection of Colley Avenue and 21st St.; - Convenient to surrounding neighborhoods.; - Proximity to Old Dominion University (students, faculty, and staff).
    (757) 490-3300
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    Norfolk, VA 23517
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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
    730 W 21St St Norfolk, VA 23517
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