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    404 W 22Nd St Norfolk, VA 23517

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    For Lease
    Contact for pricing

    Shopping and dining destination in the heart of Ghent.

    Property size:
    131,074 SF
    Lot size:
    6.50 Acres

    Property Features for 404 W 22Nd St

    General Information

    Size
    131,074 SF
    Lot size
    6.50 Acres

    Source: Colliers | Norfolk Agent George Fox

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

    Overview

    Retail Destination in Historic Ghent

    The Palace Shops and Station is a three-block shopping and dining destination located in the heart of Historic Ghent, near downtown Norfolk. Situated between Llewellyn Avenue and DeBree Avenue, and running from 20th Street to 22nd Street, the property encompasses 131074 square feet. It features 35 retail shops, eating establishments, and professional services, offering a diverse mix of merchants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -76.2900871
    Latitude
    36.8696362

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    FAQs

    What type of property is this?
    Shopping center - Shopping and dining destination in the heart of Ghent.
    Where is this shopping center located?
    The property is located at 404 W 22Nd St Norfolk, VA.
    What are key features of this property?
    This property features: - Prime location in the heart of Historic Ghent, near downtown Norfolk.; - Extensive shopping and dining destination spanning three blocks.; - Features 35 retail shops, eating establishments, and professional services.
    (757) 490-3300
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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
    404 W 22Nd St Norfolk, VA 23517
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