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Office-Warehouse Flex Space
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1170 Lance Rd, Norfolk, VA 23502

Flex space includes an office, a bathroom, and a large warehouse area with a door.

Property Size1,250 SF
Days on Market932

Property Features for 1170 Lance Rd

General Information

Standard status Active
Size 1,250 SF
Property subtype INDUSTRIAL

Additional Details

Highway Access Yes
Listing Agency: Riddle Associates, Inc
Listed By: Bill Brackman · License #0225028911
Source: Moodyscre
Added: Jan 12, 2024 Changed: Jul 27 Last Checked: Jul 31 at 1:14PM

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 Riddle Associates, Inc

Investment Insights

Based on property information with market context.

This flex space includes 1 office and 1 bathroom, along with a large warehouse area with a door. The layout supports combined office and warehouse use in a single space.

The property is described as convenient to all Hampton Roads cities and near I-264 and I-64, supporting practical regional access for day-to-day operations.

For tenants seeking a compact combined setup, the existing office and bathroom plus the warehouse-door configuration provide a straightforward functional footprint within the total 1,250 square feet offered.

Key Highlights

  • Flex space with 1 office and 1 bathroom
  • Large warehouse area with a door
  • Convenient access to all Hampton Roads cities

Property Analytics

Current Use

Fischer's Auto Body Auto Repair Shop The Glass King, LLC Hardware & Home Improvement Freshva Car Dealership Paramount Greenhouse & Nursery Garden Center Caseys Welding & Fabrication General Contractor

Suggested Use

Top Pick Parking Lot & Garage Dental Office Cafe & Coffee Shop Auto Parts Store Kitchen & Bath Showroom Garden Center

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

Location Intelligence

Trade Area within ½ mile

969
Businesses Nearby
Balanced
Demand for This Use

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

$88.79 /SF/Yr
Avg Asking Price
$9.75–$141 /SF/Yr
Price Range
4,736 SF
Avg Space Size

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
Rey
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Similar Off Market Nearby

  • Firehouse Subs Janaf Mall — 5802 E Virginia Beach Blvd Ste 117, Norfolk, VA 23502
  • Tom's Galley — 5552 Raby Rd, Norfolk, VA 23502

Frequently Asked Questions

What type of property is this?
Flex space - Flex space includes an office, a bathroom, and a large warehouse area with a door.
Where is this flex space located?
The property is located at 1170 Lance Rd Norfolk, VA.
What are key features of this property?
This property features: Flex space with 1 office and 1 bathroom; Large warehouse area with a door; Convenient access to all Hampton Roads cities
(757) 377-0971 Call to check price and availability
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