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    5800 Lake Wright Dr Norfolk, VA 23502

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    For Lease
    $24 SF/Yr ($16,071 /Mo)

    Norfolk office space for lease near I-64/I-264 interchange.

    Property size:
    7,730 SF
    Lot size:
    5.51 Acres

    Property Features for 5800 Lake Wright Dr

    General Information

    Size
    7,730 SF
    Lot size
    5.51 Acres

    Source: Colliers | Norfolk Agent Ricky Anderson

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

    Overview

    Premier Class A Office Space

    This premier Class A office space is located in Norfolk, offering suites ranging from approximately 418 to 13,221 square feet within two to four-story buildings totaling approximately 168,221 rentable square feet. The property features a central location near the I-64/I-264 interchange, Norfolk International Airport, and military bases. It provides a parking ratio of 4 per 1,000 square feet. Exterior monument signage is available. On-site amenities include a deli, property management, and maintenance. The common area bathrooms have been recently renovated. The property is within walking distance of nearby hotels and restaurants and is in close proximity to Norfolk Premium Outlets. A professionally maintained courtyard enhances the property's appeal. The rental rate is $24.95 per square foot, full service.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chasen's Highway Car ... Auto Repair Shop XDRA Health Solutions Corporate Office Booz Allen Hamilton Business Management Consultant Optum Serve Norfolk Medical Office Falconwood Inc Business Management Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2062978
    Latitude
    36.8795972

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    FAQs

    What type of property is this?
    Office space - Norfolk office space for lease near I-64/I-264 interchange.
    Where is this office space located?
    The property is located at 5800 Lake Wright Dr Norfolk, VA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Central location near I-64/I-264, Norfolk International Airport, and military bases.; - Class A office space totaling ±168,221 RSF.; - Suites available ranging from ±418 RSF to ±13,221 RSF.
    (757) 490-3300
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    Norfolk, VA 23502
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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
    5800 Lake Wright Dr Norfolk, VA 23502
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