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    440 Granby St Norfolk, VA 23510

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    For Sale
    $950,000

    Fully leased mixed-use property in a prime downtown location.

    Property size:
    6,000 SF
    Lot size:
    0.05 Acres

    Property Features for 440 Granby St

    General Information

    Size
    6,000 SF
    Lot size
    0.05 Acres

    Source: Bucklew Properties Commercial Real Estate Agent Eric Bucklew

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

    Overview

    Mixed-Use Property Near Federal Court

    This mixed-use property features a total area of 6,000 square feet. The first floor comprises 2,000 square feet of retail space currently configured as a barber shop. The second floor offers 2,000 square feet of office space. The third floor contains a 2,000-square-foot residential apartment. The property is fully leased and situated in a prime location near the Federal Court Building, Wells Fargo Tower, Tidewater Community College, Scope Convention Center, and numerous restaurants. It is adjacent to the Tide Light Rail and a city parking garage. The downtown workforce in the vicinity is approximately 30,000 employees.
    Insight Report Location Intelligence

    Current Use by Public Records

    The VIP Beauty Bar Beauty Salon The VIP Lounge Barbershop ... Barber Shop Cuts by John Barber Shop LockerRoom Kidz Youth Clothing Store Corporate Kutz Barber Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon 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
    -76.2890243
    Latitude
    36.8521412

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    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use property in a prime downtown location.
    Where is this mixed-use property located?
    The property is located at 440 Granby St Norfolk, VA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Fully Leased Property; - Prime Location near Federal Court Bldg, Wells Fargo Tower, Tidewater Community College, Scope Convention Center, and Numerous Restaurants; - Mixed-Use Property featuring Retail, Office, and Residential spaces
    (757) 404-0162
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    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
    440 Granby St Norfolk, VA 23510
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