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Office Building With Storage Yard
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5541 Iowa Avenue, Norfolk, VA 23513

Office property with secured outdoor storage, two containers, and a Quonset hut.

Property SizeContact for details
Days on Market9

Property Features for 5541 Iowa Avenue

General Information

Standard status Active
Property subtype Industrial

Amenities

enclosed, fenced and gated outside storage area

Building Details

Construction bungalow
Listing Agency: Cushman & Wakefield Thalhimer - Norfolk/Virginia Beach, Virginia
Listed By: Janet Whitbeck · License #VA
Source: Crexi
Added: Sep 1 Changed: Sep 8 Last Checked: Sep 8 at 7:12AM

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 - Norfolk/Virginia Beach, Virginia

Investment Insights

Based on property information with market context.

This office property is configured as a 1950 style bungalow building with an enclosed outdoor storage area. The storage compound is fenced and gated and includes two storage containers and a Quonset hut, adding functional covered and containerized storage to the site.

The property is located in Norfolk’s Norview/Norvella Heights area, surrounded by a mix of residential and small commercial uses. It offers transportation access and is near the airport and military-related employment centers.

Key Highlights

  • 1950 style bungalow office building
  • Enclosed, fenced, and gated outdoor storage area
  • Two storage containers included on site

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Gym & Fitness Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

382
Businesses Nearby

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

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?
Office building - Office property with secured outdoor storage, two containers, and a Quonset hut.
Where is this office building located?
The property is located at 5541 Iowa Avenue Norfolk, VA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1950 style bungalow office building; Enclosed, fenced, and gated outdoor storage area; Two storage containers included on site
More about this property
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