Office Space with Exterior Suite
215 Brooke Ave, Norfolk, VA 23510
For Sale
Contact for pricing
Office suite with exterior entrance for direct access and on-site 24/7 security.
Property Size1,551 SF
Price / SF$212.77
Days on Market282
Property Features for 215 Brooke Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Amenities
pool
sauna
jacuzzi
gym
community room
24/7 security
Listing Agency:
Colliers | Norfolk
(757) 490-3300
Listed By:
Ricky Anderson · License VA #0225181900
(757) 217-1892
Source:
Moodyscre
Added: Feb 2
Changed: Nov 1
Last Checked: Nov 8 at 3:13AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office space at 215 Brooke Ave, Norfolk, VA 23510 features exterior entrance access with direct entry to the suite. The property is described as having dual commercial and residential zoning.
Parking includes 8 parking passes, with 1 reserved space at the front of the building and 7 convenient low-cost street spaces, plus additional visitor parking. Building amenities are available on site and include a pool, sauna, jacuzzi, gym, and community room. 24/7 security is also provided.
The property is positioned for convenience, with close proximity to restaurants, shopping, The ERT, Nauticus, and Town Point Park.
Parking includes 8 parking passes, with 1 reserved space at the front of the building and 7 convenient low-cost street spaces, plus additional visitor parking. Building amenities are available on site and include a pool, sauna, jacuzzi, gym, and community room. 24/7 security is also provided.
The property is positioned for convenience, with close proximity to restaurants, shopping, The ERT, Nauticus, and Town Point Park.
Key Highlights
- Dual commercial and residential zoning
- Exterior entrance with direct access to the suite
- 1,551 SF office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,447
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,940
$428.9K
Cap Rate 7%
$306,386
$306.4K
Cap Rate 9%
$238,300
$238.3K
Market Conditions
NOI Build-Up for 1,551 SF
Gross rent
$31.1K $20.04/SF
− Vacancy
−$2.5K −$1.60/SF
EGI
$28.6K $18.44/SF
− OpEx
−$7.1K −$4.61/SF
NOI
$21.4K $13.83/SF
Area
Norfolk, VA
Vacancy
8.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,940
Cap Rate 7%
$306,386
Cap Rate 9%
$238,300
Alternative Uses
Best Use
Office B
$306.4K
$268.1K – $357.5K
NOI $21,447 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.0K
$287.9K – $383.9K
NOI $23,032 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,920
Businesses Nearby
Explore this area
Business Placement
Demographics for 23510, VA
8,778
Population
4,948
Households
1.8
Avg Household Size
33
Median Age
52%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
7,980
Density / Sq Mi
$75,621
Median Household Income
$53,132
Median Earnings
$1,574
Median Rent
$349,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite with exterior entrance for direct access and on-site 24/7 security.
Where is this office unit located?
The property is located at 215 Brooke Ave Norfolk, VA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Dual commercial and residential zoning; Exterior entrance with direct access to the suite; 1,551 SF office space
