Office Building for
1512 E Little Creek Rd Norfolk, VA 23518
1512 E Little Creek Rd, Norfolk, VA, 23518
Contact for pricing
For Sale
Contact for pricing
Office building offered for sale with approximately 3,125 sq. ft.
Property Size3,125 SF
Price / SF$224
Days on Market117
Property Features for 1512 E Little Creek Rd
General Information
- Standard status
- Active
- Size
- 3,125 SF
- Property subtype
- Office
Building Details
- Year Built
- 1950
Listing agency
Harvey Lindsay Commercial Real Estate
(757) 640-9463
Listed by
Bob King · License #VA 0225017956
Source
Crexi
Added: Mar 27 Updated: Jul 20 at 8:25PM Checked: Jul 20 at 8:25PM
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 Harvey Lindsay Commercial Real Estate
Investment Insights
Based on property information with market context.
This office building is available for sale and totals approximately 3,125 sq. ft. The property is offered as an office asset suitable for users or investors looking for a dedicated commercial space.
The address is 1512 E Little Creek Rd, Norfolk, VA 23518.
The address is 1512 E Little Creek Rd, Norfolk, VA 23518.
Key Highlights
- Office building built in 1950
- Approximately 3,125 sq. ft. office space
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.6k | $20.04 |
| − Vacancy | −$5.0k | −$1.60 |
| EGI | $57.6k | $18.44 |
| − OpEx | −$14.4k | −$4.61 |
| NOI | $43.2k | $13.83 |
3,125 SF · lease $20.04/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$617.3K
$540.1K – $720.2K
NOI $43,211 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$662.9K
$580.1K – $773.4K
NOI $46,405 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CENTURY 21 Nachman ...
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Maryzel with a Z
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Tina Dubois, REALTOR®
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Eletha Williams, CENTURY ...
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FAQs
What type of property is this?
Office building - Office building offered for sale with approximately 3,125 sq. ft.
Where is this office building located?
The property is located at 1512 E Little Creek Rd Norfolk, VA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Office building built in 1950; Approximately 3,125 sq. ft. office space
