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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.

Space Size9,900 SF
Days on Market524

Property Features for 2440 Alabama Ave

General Information

Standard status Active
Size 9,900 SF
Net Rentable 4,900 SF
Property subtype INDUSTRIAL
Lease Type Industrial Gross

Space & Availability

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

Site & Location

Neighborhood Coleman Place

Building Details

Building Size 9,900 SF

Spaces For Lease

at 2440 Alabama Ave
2440 Alabama Ave $10.38/SF/Yr
Floor Bldg
Size 9,900 SF
Type INDUSTRIAL
Lease Type INDUSTRIAL_GROSS
Availability AVAILABLE, Now
Sublease No
- Suite A – 5,000 SF $11.00 psf - Suite B – 4,900 SF $9.75 psf - Entire Building – 9,900 SF $10.38 psf - Industrial Gross Lease - Grade level doors - Office build outs in both spaces
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Listing Agency: Riddle Associates, Inc
Listed By: Bill Brackman · License #0225028911
Source: Moodyscre
Added: May 26, 2025 Changed: Oct 26 Last Checked: Oct 30 at 5:56PM

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

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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

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Custom Structures Inc Construction Company

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Nail Salon Skin Care Clinic Parking Lot & Garage

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Norfolk, VA

$11.18 /SF/Yr
Avg Asking Price
$9.75–$12 /SF/Yr
Price Range
8,761 SF
Avg Space Size

This space is priced 7% below the average of $11.18 /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

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 · Office Call to check price and availability
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