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Industrial Flex Warehouse Space
For Lease
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2440 Alabama Ave, Norfolk, VA 23513

Flex warehouse for gross lease featuring grade-level doors and office buildouts in both spaces.

Property Size4,900 SF
Days on Market496

Property Features for 2440 Alabama Ave

General Information

Standard status Active
Size 4,900 SF
Property subtype INDUSTRIAL
Lease Type SF/yr
Listing Agency: Riddle Associates, Inc
Listed By: Bill Brackman · License #0225028911
Source: Moodyscre
Added: Mar 24, 2025 Changed: Jul 26 Last Checked: Jul 31 at 8:11AM

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.

Industrial flex warehouse space offered on a gross lease basis. The property includes office buildouts in both spaces and grade-level doors for efficient access.

The listing is located at 2440 Alabama Ave in Norfolk, Virginia 23513. The offering provides two spaces with coordinated office improvements, along with the practical warehouse access provided by the grade-level doors.

Ideal for tenants seeking a combined warehouse-and-office setup within a gross lease structure, with office buildouts maintained in both areas of the property.

Key Highlights

  • Industrial flex warehouse available for gross lease
  • Grade‑level doors
  • Office buildouts in both spaces

Property Analytics

Current Use

Custom Structures Inc Construction Company

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Nail Salon Parking Lot & Garage Gym & Fitness 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

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

419
Businesses Nearby
Under-served
Demand for This Use

Demographics for 23513, VA

29,105
Population
13,040
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
87%
High-School Grad
5.1 sq mi
ZIP Area
5,707
Density / Sq Mi
$66,875
Median Household Income
$39,547
Median Earnings
$1,187
Median Rent
$226,900
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

This space is priced 89% below the average of $88.79 /SF/Yr.

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Flex warehouse for gross lease featuring grade-level doors and office buildouts in both spaces.
Where is this flex space located?
The property is located at 2440 Alabama Ave Norfolk, VA.
What is the lease rate?
The lease rate is $9.75 SF/Yr.
What are key features of this property?
This property features: Industrial flex warehouse available for gross lease; Grade‑level doors; Office buildouts in both spaces
(757) 377-0971 Call to check price and availability
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