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    440 Monticello Ave Norfolk, VA 23510

    Sponsored
    For Lease
    $30 SF/Yr

    Class A Office Space, 70,000+ SF Available

    Lot size:
    255,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Wells Fargo Center, a prestigious Class A office building in downtown Norfolk, Virginia, offers a unique opportunity for businesses seeking prime office space. This 22-story tower, constructed in 2010 and boasting LEED Gold certification, provides 255,000 square feet of total space, with 70,317 square feet currently vacant and available for lease. The building is situated on a five-acre block in the heart of the city, at the intersection of Monticello Avenue and Charlotte Street, within the D-MU (Downtown - Mixed Use) zoning district. Multiple tenancy options are available, ranging from a minimum of 1,398 square feet to a maximum contiguous space of 24,500 square feet, catering to a variety of business needs. The building features ample parking with 1,859 spaces distributed across two convenient garages, ensuring easy access for employees and clients. High-speed elevators efficiently service all floors. The property's address is 440 Monticello Ave, Norfolk, VA 23510, and its location within the Downtown Norfolk submarket provides excellent access to amenities, transportation, and a vibrant urban environment. The APN is 1437071138, and the building is categorized as both Executive and Medical Office space.

    Property Features for 440 Monticello Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    255,000 SF
    Class
    A
    Total Rate
    637500

    Building Details

    Year Built
    2010
    Stories
    22

    Unit(s) available at that property

    Space
    12th Floor
    Size
    7,412 SF
    Rate per SF
    $30
    Space
    14th Floor
    Size
    24,500 SF
    Rate per SF
    $30
    Space
    15th Floor
    Size
    24,500 SF
    Rate per SF
    $30
    Space
    16th Floor
    Size
    1,398 SF
    Rate per SF
    $30
    Space
    19th Floor
    Size
    10,747 SF
    Rate per SF
    $30
    Space
    20th Floor
    Size
    1,760 SF
    Rate per SF
    $30

    HighLights

    • State‑of‑the‑art office tower in Downtown Norfolk.
    • Prime location near MacArthur Center Mall, Neon District, Chrysler Hall, SCOPE, and abundant dining & residential options.
    • Easy access to I‑264 and I‑464 interstates.
    • Highly efficient parking garage with minimal obstructions.
    • Redundant electrical power supply ensures continuous operation.
    • On‑site conference facility accommodating up to 50 people.
    Property Profile Location Intelligence

    Current Use by Public Records

    RecoveryTrek Software Company in8 chiropractic - Norfolk Chiropractor Tidewater Media Solutions Website Designer Willcox & Savage, P.C. Law Firm Wiley Law Offices, ... Attorney

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk city
    State
    Virginia
    Longitude
    -76.2876448
    Latitude
    36.8513262

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    FAQs

    What type of property is this?
    Medical office - Class A Office Space, 70,000+ SF Available
    Where is this medical office located?
    The property is located at 440 Monticello Ave Norfolk, VA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: State-of-the-art office tower in Downtown Norfolk.; Prime location near MacArthur Center Mall, Neon District, Chrysler Hall, SCOPE, and abundant dining & residential options.; Easy access to I-264 and I-464 interstates.
    Request Owner's contact information
    440 Monticello Ave Norfolk, VA 23510
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    Norfolk, VA 23510
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    440 Monticello Ave Norfolk, VA 23510
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