Norfolk Office Building For
839 Poplar Hall Dr, Norfolk, VA 23502
8,620 SF office building on 1.87 acres in Norfolk.
Type:Office
Property size:
8,620 SFLot size:
1.87 AcresPrice / SF:
$226/SF- Added:
- Mar 6, 2026
- Days on Market:
- 86
- Last Refresh:
- Apr 5 at 10:24 pm
Property Features for 839 Poplar Hall Dr
General Information
- Standard status
- Active
- Size
- 8,620 SF
- Lot size
- 1.87 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing agent Matt Wilbricht License #0225075527 (757) 216-8438
Listing office NAI Dominion – Richmond (757) 216-8438
Listing date Mar 6, 2026
Source Naidominion
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 NAI Dominion – Richmond
HighLights
- Prime location in Norfolk with access to major interstates and highways.
- Large 8,620 SF single story office building.
- Zoned C2, offering versatile space for office use and potential for growth and development.
- Abundant parking on a 1.87 acre parcel.
- Great visibility with a pylon sign.
- Less than 2 miles from Sentara Leigh and the Tide.
Overview
This 8,620 SF single-story office building is situated on a 1.87-acre parcel. Zoned C2, the property offers a versatile space suitable for a range of office ventures. It features a large parking lot and a pylon sign. The property is centrally located in Norfolk, with access to major interstates and highways, less than 2 miles from Sentara Leigh and the Tide. It offers abundant parking, great visibility, and a central location, presenting a solid foundation for growth and development. This property is a great owner-user opportunity.
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 | $172.7k | $20.04 |
| − Vacancy | −$13.8k | −$1.60 |
| EGI | $158.9k | $18.44 |
| − OpEx | −$39.7k | −$4.61 |
| NOI | $119.2k | $13.83 |
8,620 SF · lease $20.04/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.99M
NOI $119,194 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $128,002 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Seaglass Bodywork & Movement ...
Gym & Fitness Center
CONTROL COMP COSTS ...
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk
- State
- Virginia
- Longitude
- -76.198
- Latitude
- 36.8534
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 8,620 SF office building on 1.87 acres in Norfolk.
Where is this office building located?
The property is located at 839 Poplar Hall Dr Norfolk, VA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime location in Norfolk with access to major interstates and highways.; Large 8,620 SF single story office building.; Zoned C2, offering versatile space for office use and potential for growth and development.
