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Office Space with Signage Available
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500 W 21st St, Norfolk, VA

Office space available for lease with building signage.

Property Size3,500 SF
Lot Size0.92 Acres
Days on Market584

Property Features for 500 W 21st St

General Information

Standard status Active
Size 3,500 SF
Lot size 0.92 Acres
Property subtype OFFICE
Listing Agency: Cushman & Wakefield | Thalhimer - Virginia Beach
Listed By: Rob Wright · License #VA 0225035683
Source: Moodyscre
Added: Dec 24, 2024 Changed: Jul 6 Last Checked: Jul 21 at 5:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Thalhimer - Virginia Beach

Investment Insights

Based on property information with market context.

This office space features reinforced-concrete slab construction with brick, glass, and masonry components. The property includes 66 surface parking spaces, a ratio of 3.8 spaces per 1,000 square feet. Zoning is designated as C-C (Community Commercial) with a 21st Street pedestrian commercial overlay. Security features include a 24/7 fob security system and security cameras. Utilities are provided by Dominion Power and the City of Norfolk. Building signage is available.

Key Highlights

  • 24/7 fob security system and security cameras provide peace of mind.
  • Building signage available for increased visibility.
  • 66 surface parking spaces (3.8/1,000).

Property Analytics

Current Use

TowneBank Mortgage Loan Service Jason Kulas with ... Loan Service Eduardo Garcia (G), ... Real Estate Agency Nusbaum Insurance Agency, ... Insurance Agency Loan Officer with ... Loan Service

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Nursing Home Butcher Locksmith Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,109
Businesses Nearby

Market

Lease Benchmarks for Norfolk, VA

$13.96 /SF/Yr
Avg Asking Price
$3.84–$29.5 /SF/Yr
Price Range
5,221 SF
Avg Space Size

This space is priced 101% above the average of $13.96 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office space available for lease with building signage.
Where is this office units located?
The property is located at 500 W 21st St Norfolk, VA.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: 24/7 fob security system and security cameras provide peace of mind.; Building signage available for increased visibility.; 66 surface parking spaces (3.8/1,000).
(757) 303-8396 Call to check price and availability
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