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4211 Monarch Way, Norfolk, VA 23508

The office offering includes a balcony, concierge service, and bus line access.

Space Size5,614 SF
Days on Market9

Property Features for 4211 Monarch Way

General Information

Standard status Active
Size 5,614 SF
Property subtype OFFICE
Lease Type NNN

Site & Location

Neighborhood North Colley
Public Transit Yes

Amenities

Balcony
Bus Line
Concierge
Controlled Access

Spaces For Lease

at 4211 Monarch Way
4211 Monarch Way $19/SF/Yr
Floor 2
Size 5,614 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Innovation Research Park is a state of the art facility with new construction located in the center of the master planned University Village. - It provides excellent access to Old Dominion University and is in close proximity with Downtown Norfolk. Just a short drive from Norfolk - International Airport, Innovation Research Park is within reach of many restaurants, hotels, and convention centers. - Balcony - Bus Line - Concierge - Controlled Access
Contact us
Listing Agency: Colliers | Norfolk
Listed By: Donald Crigger
Source: Moodyscre
Added: Oct 20 Changed: Oct 25 Last Checked: Oct 28 at 10:56AM

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 Colliers | Norfolk

Rey
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Investment Insights

Based on property information with market context.

The 5,614-square-foot office offering at Innovation Research Park includes a balcony, concierge service, controlled access, and bus line access. The property is within University Village, a master-planned development.

Old Dominion University is accessible from the property, with Downtown Norfolk and Norfolk International Airport a short drive away. Restaurants, hotels, and convention centers are also within reach.

Key Highlights

  • 5,614 square feet of office space
  • Controlled‑access entry and concierge service
  • Balcony and bus line access

Property Analytics

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

Current Use

Traci Ellison Physician Marine Officer Norfolk Military Recruiting Office Seema Ahmed - Bon ... Medical Clinic CIVIC Leadership Institute Charitable Organization Chitra Productions Corporate Office

Suggested Use

Top Pick Building Supply Dental Office Law Firm Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom

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
$2.85 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

998
Businesses Nearby

Demographics for 23508, VA

20,485
Population
7,112
Households
2.9
Avg Household Size
27
Median Age
56%
College-Educated
93%
High-School Grad
3.3 sq mi
ZIP Area
6,208
Density / Sq Mi
$74,524
Median Household Income
$24,975
Median Earnings
$1,381
Median Rent
$384,800
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

$34.75 /SF/Yr
Avg Asking Price
$12–$48 /SF/Yr
Price Range
4,629 SF
Avg Space Size

This space is priced 45% below the average of $34.75 /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

Frequently Asked Questions

What type of property is this?
Office unit - The office offering includes a balcony, concierge service, and bus line access.
Where is this office unit located?
The property is located at 4211 Monarch Way Norfolk, VA.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: 5,614 square feet of office space; Controlled‑access entry and concierge service; Balcony and bus line access
(757) 228-1847 Call to check price and availability
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