2440 Alabama Ave, Norfolk, VA 23513
9,600 SqFt industrial building available for purchase.
- Added:
- Mar 5, 2026
- Days on Market:
- 114
- Last Refresh:
- Mar 16 at 2:36 pm
Property Features for 2440 Alabama Ave
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Industrial
Listing office Riddle Associates, Inc.
Listing date Mar 5, 2026
Source Crexi
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.
HighLights
- Industrial Property
- 9,600 SqFt
Overview
Local Financial Insights For Industrial
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 | $93.3k | $9.72 |
| − Vacancy | −$3.5k | −$0.36 |
| EGI | $89.9k | $9.36 |
| − OpEx | −$27.0k | −$2.81 |
| NOI | $62.9k | $6.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk
- State
- Virginia
- Longitude
- -76.2472434
- Latitude
- 36.8667562
