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    116 Granby St Norfolk, VA 23510

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    For Lease
    $25 SF/Yr ($2,364 /Mo)

    Retail space in Downtown Historic District, Norfolk, Virginia.

    Property size:
    1,135 SF
    Lot size:
    0.03 Acres

    Property Features for 116 Granby St

    General Information

    Size
    1,135 SF
    Lot size
    0.03 Acres

    Source: The Katsias Company Agent John Katsias

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

    Overview

    Downtown Historic District Retail Space

    Located in the Downtown Historic District, this 1135-square-foot retail space is within walking distance of hotels, restaurants, retailers, and museums. The property is a 3-minute walk to the MacArthur Square Transit Stop (Tide Light Rail). On-street parking and 350 covered space parking garages are available. The location is ideal for an eatery or service retailer.
    Insight Report Location Intelligence

    Current Use by Public Records

    Rolled up Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -76.2919196
    Latitude
    36.8467801

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    FAQs

    What type of property is this?
    Retail space - Retail space in Downtown Historic District, Norfolk, Virginia.
    Where is this retail space located?
    The property is located at 116 Granby St Norfolk, VA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Located in the Downtown Historic District; - Walking distance from hotels, restaurants, retailers and museums; - 3-minute walk to MacArthur Square Transit Stop (Tide Light Rail)
    (757) 285-8989
    Request Owner's contact information
    116 Granby St Norfolk, VA 23510
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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
    116 Granby St Norfolk, VA 23510
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