Listing Agency: Divaris Real Estate - Richmond e***@divaris.com Show Phone

Listed By: Elizabeth Paasch

Source: Moodyscre

Added: Apr 9, 2024 Changed: Jul 6 Last Checked: Jul 21 at 4:27AM

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Investment Insights

Based on property information with market context.

This two-story office building is situated in close proximity to the Norfolk Naval Shipyard and offers convenient access, being less than one mile from the interstate. The property is located on International Terminal Boulevard, placing it near Old Dominion University, Norfolk Naval Station, Virginia Port Authority, and Sewells Point Golf Course. The building provides approximately 1,978 square feet of office space.

Key Highlights

• Close proximity to Norfolk Naval Shipyard
• Less than one mile from Interstate Access
• Located on International Terminal Boulevard

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Building Supply Parking Lot & Garage HVAC Service

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

$3.30 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

3,184

Businesses Nearby

Explore this area Business Placement

Market

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Two-story office building near Norfolk Naval Shipyard and interstate access.

Where is this office building located?

The property is located at 1431 International Terminal Blvd Norfolk, VA.

What is the lease rate?

The lease rate is $22 SF/Yr.

What are key features of this property?

This property features: Close proximity to Norfolk Naval Shipyard; Less than one mile from Interstate Access; Located on International Terminal Boulevard