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Flex Space with Grade-Level Doors
For Lease
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2440 Alabama Ave, Norfolk, VA 23513

Industrial gross lease includes office build-outs in both available spaces.

Property Size4,900 SF - 9,900 SF
Days on Market433

Property Features for 2440 Alabama Ave

General Information

Standard status Active
Size 4,900 SF - 9,900 SF
Net Rentable 4,900 SF
Property subtype INDUSTRIAL
Lease Type SF/yr

Space & Availability

Available Space 4,900-9,900 SF
Contiguous Space 9,900 SF
Space Use Office

Building Details

Building Size 9,900 SF
Listing Agency: Riddle Associates, Inc
Listed By: Bill Brackman · License #0225028911
Source: Moodyscre
Added: May 26, 2025 Changed: Jul 31 Last Checked: Jul 31 at 3:35PM

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.

Flex space at 2440 Alabama Ave in Norfolk, Virginia, offering 9,900 SF across two suites. Suite A contains 5,000 SF, while Suite B contains 4,900 SF. The entire building is also available as a single 9,900 SF premises.

The property features grade-level doors and office build-outs in both spaces. An industrial gross lease structure is available for the suites or the entire building.

Key Highlights

  • 9,900 SF flex space at 2440 Alabama Ave, Norfolk, VA 23513
  • Suite A offers 5,000 SF
  • Suite B offers 4,900 SF

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 88% below the average of $88.79 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Flex space - Industrial gross lease includes office build-outs in both available 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 $10.38 SF/Yr.
What are key features of this property?
This property features: 9,900 SF flex space at 2440 Alabama Ave, Norfolk, VA 23513; Suite A offers 5,000 SF; Suite B offers 4,900 SF
(757) 377-0971 Call to check price and availability
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