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    4111 Monarch Way Norfolk, VA 23508

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    For Lease
    $19 SF/Yr ($2,398 /Mo)

    State-of-the-art office space in Innovation Research Park.

    Property size:
    1,515 SF
    Lot size:
    0.53 Acres

    Property Features for 4111 Monarch Way

    General Information

    Size
    1,515 SF
    Lot size
    0.53 Acres

    Source: Colliers | Norfolk Agent Donald Crigger

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

    Overview

    Modern Office Space Near ODU

    Innovation Research Park is a modern facility with new construction situated in the master-planned University Village. The location provides access to Old Dominion University and proximity to Downtown Norfolk. Norfolk International Airport, restaurants, hotels, and convention centers are within a short drive. The property consists of two five-story buildings, each approximately 100,000 square feet. The facility offers a wet lab and off-street loading docks suitable for 40-foot trucks. Tenants have access to ODU facilities and amenities, as well as connectivity to Easter Lite (National LAMBDA Rail). Available space is approximately 1,515 square feet.
    Location Intelligence

    Current Use by Public Records

    EVMS Medical Group, ... Medical Group Old Dominion University ... Research Foundation ODU Innovation Research ... Research Institute evms fluency program Speech Pathologist FedEx Drop Box Mailing Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.3005236
    Latitude
    36.8824496

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    FAQs

    What type of property is this?
    Office space - State-of-the-art office space in Innovation Research Park.
    Where is this office space located?
    The property is located at 4111 Monarch Way Norfolk, VA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - State-of-the-art facility with wet lab available.; - New construction in the master-planned University Village.; - Excellent access to Old Dominion University.
    (757) 490-3300
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    4111 Monarch Way Norfolk, VA 23508
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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
    4111 Monarch Way Norfolk, VA 23508
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