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    401 Granby St Norfolk, VA 23510

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    For Lease
    $1,400 /Mo ($29 SF/Yr)

    Prime downtown corner retail space with street frontage.

    Property size:
    562 SF
    Lot size:
    0.37 Acres

    Property Features for 401 Granby St

    General Information

    Size
    562 SF
    Lot size
    0.37 Acres

    Source: JMS Commercial Agent John Merenda

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

    Overview

    Downtown Corner Retail Space Available

    This 562 square feet retail space is available on a prime downtown corner. The property benefits from 60 linear feet of street frontage on Granby Street and Freemason Street. Street parking is available in front of the premises, with additional parking located approximately a half block west at a city garage. The location includes 200 new apartment units above and immediately adjacent to the retail space at 401 Granby.
    Location Intelligence

    Current Use by Public Records

    Metro on Granby Apartments Apartment Complex Loumeau Michael C Physical Therapist Milan Edward OD Optometrist Sunny Nail Spa Nail Salon

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2899345
    Latitude
    36.8514552

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    FAQs

    What type of property is this?
    Retail space - Prime downtown corner retail space with street frontage.
    Where is this retail space located?
    The property is located at 401 Granby St Norfolk, VA.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown corner location; - Boasts 60 linear feet of street frontage; - 562 sf available, perfect for a variety of businesses
    (757) 560-5476
    Request Owner's contact information
    401 Granby St Norfolk, VA 23510
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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
    401 Granby St Norfolk, VA 23510
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