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Office-Flex Condo Suite
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2500 Almeda Ave, Norfolk, VA 23513

Flex condo offers 4,507 SF of office/flex space plus an additional 3,750 SF second-story bonus area.

Property Size8,247 SF
Days on Market108

Property Features for 2500 Almeda Ave

General Information

Standard status Active
Size 8,247 SF
Property subtype FLEX_R_AND_D
Lease Type SF/yr
Listing Agency: Cushman & Wakefield | Thalhimer - Virginia Beach
Listed By: Brett Sain
Source: Moodyscre
Added: Apr 15 Changed: Jul 28 Last Checked: Jul 30 at 2:35PM

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 Cushman & Wakefield | Thalhimer - Virginia Beach

Investment Insights

Based on property information with market context.

This office-flex condo provides 4,507 SF of office/flex space within a block-constructed building built in 1985. An additional 3,750 SF bonus second-story space is included, giving tenants flexibility to configure operations across two levels.

The property is zoned BC-O, Business Commerce – Office, and is located in an Enterprise Zone. The site offers ample parking and convenient access to I-64 and I-264, supporting straightforward customer and employee access.

Lease terms include an asking rent of $13.50 PSF, NNN, with estimated NNN charges of $3.30 PSF.

Key Highlights

  • 4,507 SF office/flex condo with an additional 3,750 SF second‑story bonus space
  • Lease rate: $13.50 PSF, NNN
  • NNN charges: $3.30 PSF

Property Analytics

Current Use

Master Contractors Of VA ... Construction Company Oakwood Corporate Housing Housing Authority WR Systems, Ltd Engineer The Mass Box (Bike/Boat/Book/etc) Store Cold Air Products General Contractor

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Big Box & Wholesale Store Skin Care Clinic 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

635
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 85% 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Flex condo offers 4,507 SF of office/flex space plus an additional 3,750 SF second-story bonus area.
Where is this flex space located?
The property is located at 2500 Almeda Ave Norfolk, VA.
What is the lease rate?
The lease rate is $13.50 SF/Yr.
What are key features of this property?
This property features: 4,507 SF office/flex condo with an additional 3,750 SF second‑story bonus space; Lease rate: $13.50 PSF, NNN; NNN charges: $3.30 PSF
(757) 343-8192 Call to check price and availability
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