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Versatile Industrial Building with Office Space

818 Widgeon Rd Norfolk, VA 23513

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15,788 SF building with office and warehouse space for sale.

Type:INDUSTRIAL
Property size:
15,788 SF
Lot size:
2.36 Acres
Price / SF:
$180.52/SF
Added:
Apr 29, 2026
Days on Market:
77
Last Refresh:
May 8 at 3:33 am

Property Features for 818 Widgeon Rd

General Information

Standard status
Active
Size
15,788 SF
Lot size
2.36 Acres
Property subtype
INDUSTRIAL

Properties For Sale

at 818 Widgeon Rd Contact us

Listing office Colliers | Norfolk

Listing date Apr 29, 2026

Source Moodyscre

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


Investment Insights

Based on property information with market context.

This commercial property features a total building size of approximately 15,788 square feet, situated on approximately 2.363 acres. The building is divided into approximately 7,804 square feet of office space across two floors and approximately 7,984 square feet of warehouse space. Constructed of metal, the building was originally built in 1974 and expanded in 2017. The warehouse area features clear heights ranging from 12 feet 4 inches to 17 feet. Loading is facilitated by three grade-level doors, each measuring 10 feet by 14 feet, and an additional grade-level door measuring 10 feet by 10 feet, along with a yard ramp. The property includes a partially stabilized yard. Power is supplied via a 3-phase, 240 V system. Additional improvements include two clear-span steel arch buildings, each measuring 94 feet by 32 feet 5 inches by 11 feet 10 inches. Ample parking is available. The property is zoned I-G (Industrial - General). The location offers convenient access to Tidewater Drive with direct access to I-64.

Key Highlights

  • Convenient location with direct access to I‑64 via Tidewater Drive.
  • Substantial warehouse space (±7,984 SF) with varied clear heights (12’4” - 17’) and multiple grade‑level doors.
  • Significant office space (±7,804 SF) across two floors.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $316.4k $20.04
− Vacancy −$25.3k −$1.60
EGI $291.1k $18.44
− OpEx −$72.8k −$4.61
NOI $218.3k $13.83
15,788 SF · lease $20.04/SF/yr · vacancy 8.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$3.12M
$2.73M – $3.64M (±1% cap)
NOI $218,310 @ 7.0% cap · market cap 7.66%
Second Best
Flex RnD
$2.20M
$1.92M – $2.56M (±1% cap)
NOI $153,687 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M (±1% cap)
NOI $234,443 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

CFE Equipment Corporation Big Box & Wholesale Store

Suggested Use

Real Estate Agency Law Firm Dental Office Cafe & Coffee Shop (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store HVAC Service Building Supply Daycare Center Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Yummy Treats by Tee Norfolk, VA 23513
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FAQs

What type of property is this?
Flex space - 15,788 SF building with office and warehouse space for sale.
Where is this flex space located?
The property is located at 818 Widgeon Rd Norfolk, VA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Convenient location with direct access to I‑64 via Tidewater Drive.; **Substantial warehouse space (±7,984 SF) with varied clear heights (12’4” - 17’) and multiple grade‑level doors.**; Significant office space (±7,804 SF) across two floors.
Contact an agent
(757) 490-3300 Call to check price and availability
More about this property
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