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    425 W 20Th St Norfolk, VA 23517

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    For Sale
    $320,000

    Office condo in Ghent, close to amenities and downtown Norfolk.

    Property size:
    2,040 SF
    Lot size:
    0.67 Acres

    Property Features for 425 W 20Th St

    General Information

    Size
    2,040 SF
    Lot size
    0.67 Acres

    Source: Colliers | Norfolk Agent Drew Ott

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

    Overview

    Ghent Office Condo For Sale

    This first-floor office condo is located in the Ghent area, near restaurants and shops, and minutes from downtown Norfolk, Sentara Norfolk General Hospital, and EVMS. The available unit, Unit 3, comprises approximately 2,040 square feet. A dedicated parking lot serves the property. The space was formerly used as a dental office, featuring 8 dental rooms and a lab. Recent building improvements have been completed. The property is zoned C-C (Community Commercial) and is within walking distance of restaurants, coffee shops, banks, and the post office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Norfolk Chiropractic Center Chiropractor Michael S. Niblo, ... Chiropractor Family Physicians of Tidewater Medical Clinic Dr. Clement S. ... Family Practice Physician Louise B Lubin ... Psychologist

    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

    West Animal Clinic, Dog & Cat Hospital, Hague Compounding Pharmacy at Children’s Hospital of Kings Daughter, Dr. Peter Gerlach, Marshall Betsy DVM

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2913959
    Latitude
    36.8677404

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    FAQs

    What type of property is this?
    Medical office - Office condo in Ghent, close to amenities and downtown Norfolk.
    Where is this medical office located?
    The property is located at 425 W 20Th St Norfolk, VA.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: - Prime Ghent location: Close to restaurants, shops, downtown Norfolk, Sentara Norfolk General Hospital, and EVMS.; - Dedicated parking lot.; - 2,040 SF office condo.
    (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
    425 W 20Th St Norfolk, VA 23517
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