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Flex Space with Three Bay Doors
New
For Sale
$749,900

860 45th Street, Norfolk, VA 23508

Commercial/Industrial, Norfolk, VA

Property Size12,000 SF
Lot Size0.40 Acres
Price / SF$59.42
Days on Market4

Property Features for 860 45th Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning I-2
Subdivision HIGHLAND PARK WEST
Standard status Active
Size 12,620 SF
Lot size 0.40 Acres

Taxes and HOA fees

Tax Annual Amount 5868

Utilities

Heating system Heat Pump (Heating)
Cooling system Central Air

Building Details

Year built 1940
Listing Agency: Atlantic Sothebys Int'l Realty · Sotheby's International Realty
Listed By: Kris Weaver
Added: Oct 2 Changed: Oct 5 Last Checked: Oct 5 at 5:06PM
MLS# 10656214

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Investment Insights

Based on property information with market context.

This 12,620-square-foot flex property includes a dedicated office area and three bay doors. Multiple power supplies serve the building, which was constructed in 1940 and has heat pump heating and central air conditioning. The 0.4016-acre parcel also provides outdoor area for storage or parking, and the interior may be divided into multiple units. The property is zoned I-2.

Key Highlights

  • 12,620‑square‑foot flex property on a 0.4016‑acre parcel
  • Three bay doors and a dedicated office area
  • Multiple power supplies

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Dental Office Law Firm Building Supply Skin Care Clinic Accounting Firm 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.

Location Intelligence

Trade Area within ½ mile

893
Businesses Nearby
Under-served
Demand for This Use

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

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Similar Off Market Nearby

  • Cloud90 LLC — 200 W 31st St, Norfolk, VA 23504
  • Tracey Holmes Catering — 4408 Colley Ave, Norfolk, VA 23508
  • Aramark — 1200 Webb Ctr, Norfolk, VA 23529

Frequently Asked Questions

What type of property is this?
Flex space - Office space, multiple power supplies, and outdoor area support a range of commercial operations.
Where is this flex space located?
The property is located at 860 45th Street Norfolk, VA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 12,620‑square‑foot flex property on a 0.4016‑acre parcel; Three bay doors and a dedicated office area; Multiple power supplies
More about this property
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