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Class A Office Suites
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5700 Lake Wright Dr, Norfolk, VA 23502

Class A office suites in a multi-story complex with renovated common area restrooms and courtyard grounds.

Space Size2,078 SF - 3,661 SF
Days on Market913

Property Features for 5700 Lake Wright Dr

General Information

Standard status Active
Size 2,078 SF - 3,661 SF
Class A
Property subtype OFFICE

Additional Details

Highway Access Yes

Amenities

professionally maintained courtyard
exterior monument signage
on-site deli
property management
maintenance
recently renovated common area bathrooms

Building Details

Stories 4

Spaces For Lease

at 5700 Lake Wright Dr Contact us

5700 Lake Wright Dr $24.95/SF/Yr

Floor
1
Size
2,078 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE, Now
Sublease
No
- Premier class A office space - Two to four story buildings totaling ±168,221 RSF -...
show more
Contact us

5700 Lake Wright Dr $24.95/SF/Yr

Floor
1
Size
3,661 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE, Now
Sublease
No
- Premier class A office space - Two to four story buildings totaling ±168,221 RSF -...
show more
Contact us

5700 Lake Wright Dr $24.95/SF/Yr

Floor
4
Size
2,706 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE, Now
Sublease
No
- Premier class A office space - Two to four story buildings totaling ±168,221 RSF -...
show more
Contact us

5700 Lake Wright Dr $24.95/SF/Yr

Floor
4
Size
2,956 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE, Now
Sublease
No
- Premier class A office space - Two to four story buildings totaling ±168,221 RSF -...
show more
Contact us
Listing Agency: Colliers | Norfolk
Listed By: Ricky Anderson · License #0225181900
Source: Moodyscre
Added: Mar 8, 2024 Changed: Aug 8 Last Checked: Jul 23 at 4:25PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Norfolk

Investment Insights

Based on property information with market context.

Class A office space offered in a two- to four-story building totaling 168,221 RSF. Multiple suites are available, ranging from 418 RSF to 13,221 RSF. The property includes a professionally maintained courtyard and provides exterior monument signage availability. Common area bathrooms were recently renovated, and on-site options include a deli, property management, and maintenance.

The property is centrally located in Norfolk near the I-64/I-264 interchange, Norfolk International Airport, and military bases. It is also within walking distance to nearby hotels and restaurants, with close proximity to Norfolk Premium Outlets.

Suites are available for occupancy within the existing office building configuration, supported by on-site management and maintenance services.

Key Highlights

  • Class A office space in a multi‑story complex with two to four story buildings totaling 168,221 RSF
  • Available office suites range from 418 RSF to 13,221 RSF
  • Central Norfolk location near the I‑64/I‑264 interchange and Norfolk International Airport

Property Analytics

Current Use

Total Quality Logistics Logistics Company UST Global Corporate Office Edward Jones - Financial ... Financial Advisor Internal Medicine Spec: ... Physician Regional Finance Loan Service

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center HVAC Service Hair Salon

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.74 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

416
Businesses Nearby

Demographics for 23502, VA

20,547
Population
8,839
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,075
Density / Sq Mi
$66,467
Median Household Income
$37,213
Median Earnings
$1,335
Median Rent
$244,800
Median Home Value

Market

Lease Benchmarks for Norfolk, VA

$32.79 /SF/Yr
Avg Asking Price
$12–$48 /SF/Yr
Price Range
4,696 SF
Avg Space Size

This space is priced 24% below the average of $32.79 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office units - Class A office suites in a multi-story complex with renovated common area restrooms and courtyard grounds.
Where is this office units located?
The property is located at 5700 Lake Wright Dr Norfolk, VA.
What is the lease rate?
The lease rate is $24.95 SF/Yr.
What are key features of this property?
This property features: Class A office space in a multi‑story complex with two to four story buildings totaling 168,221 RSF; Available office suites range from 418 RSF to 13,221 RSF; Central Norfolk location near the I‑64/I‑264 interchange and Norfolk International Airport
(757) 217-1892 Call to check price and availability
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