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    3321 Princess Anne Rd Norfolk, VA 23502

    Sponsored
    For Lease
    Contact for pricing

    Large warehouse, multiple spaces available, prime location.

    Lot size:
    294,657 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 3321 E. Princess Anne Road in Norfolk, Virginia, offers a substantial 294,657 square feet of warehouse and distribution space. Currently, up to 193,771 square feet is available for lease, divisible into units ranging from 38,663 to 113,450 contiguous square feet. Built in 1959 and extensively renovated in 2022, the Class B building boasts impressive ceiling heights ranging from 21 to 24 feet and 36 feet in certain areas. The property features robust power capabilities with a 2000 Amp, 480 Volt system. Situated on a 12.24-acre lot, its strategic location within the Norfolk Industrial Park provides easy access to major transportation arteries and ports. The property is zoned BC-I (Business and Commerce Park - Industrial) and benefits from its location within an Enterprise Zone. This presents a unique opportunity for businesses seeking flexible, high-quality warehouse space in a prime Norfolk location. The property's size and layout offer significant adaptability for a variety of industrial and distribution needs. Contact us today to learn more about this exceptional opportunity.

    Property Features for 3321 Princess Anne Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    294,657 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1959/2022

    Unit(s) available at that property

    Space
    Section B Combined
    Size
    80,321 SF
    Space
    Section A
    Size
    113,450 SF
    Space
    Section 3B
    Size
    38,663 SF
    Space
    Section 2B
    Size
    41,658 SF

    HighLights

    • 294,657 SF industrial warehouse/distribution space available for lease in Norfolk, VA; up to 193,771 SF divisible into units ranging from 38,663 SF to 113,450 SF.
    • Class B building, extensively renovated in 2022, featuring 21‑24' ceiling heights (36' in areas).
    • Robust power: 2000 Amp, 480 Volt system.
    • 12.24‑acre lot in Norfolk Industrial Park, zoned BC‑I, located in an Enterprise Zone.
    • Excellent access to major transportation arteries and ports: 7 miles to NIT (15 min), 10 miles to VIG (16 min), 23 miles to NNMT (30 min).
    Property Profile Location Intelligence

    Current Use by Public Records

    Beckett Corp Transportation Service

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk city
    State
    Virginia
    Longitude
    -76.2462826
    Latitude
    36.8602523

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    FAQs

    What type of property is this?
    Distribution property - Large warehouse, multiple spaces available, prime location.
    Where is this distribution property located?
    The property is located at 3321 Princess Anne Rd Norfolk, VA.
    What are key features of this property?
    This property features: 294,657 SF industrial warehouse/distribution space available for lease in Norfolk, VA; up to 193,771 SF divisible into units ranging from 38,663 SF to 113,450 SF.; Class B building, extensively renovated in 2022, featuring 21-24' ceiling heights (36' in areas).; Robust power: 2000 Amp, 480 Volt system.
    Request Owner's contact information
    3321 Princess Anne Rd Norfolk, VA 23502
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    Norfolk, VA 23502
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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
    3321 Princess Anne Rd Norfolk, VA 23502
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