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    129 Admiral Taussig Blvd Norfolk, VA 23505

    Sponsored
    For Lease
    $8 SF/Yr ($12,935 /Mo)

    Large industrial warehouse, multiple units.

    Lot size:
    18,262 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional industrial property, located at 129 E. Admiral Taussig Boulevard in Norfolk, Virginia, offers a significant opportunity for businesses seeking warehouse or distribution space. The property boasts a total of 18,262 square feet, with 14,572 square feet currently available for lease. The building features a desirable 12-foot ceiling height, providing ample vertical space for storage and operations. Two convenient drive-in doors ensure efficient loading and unloading of goods. The property sits on a 0.88-acre lot, offering ample outdoor space for maneuvering and potential expansion. The zoning designation is C-C (Community Commercial), allowing for a variety of uses, including retail, warehouse, and office space. This versatile property is ideally suited for businesses requiring substantial storage capacity and convenient access. The address is in Norfolk County, Virginia, with a zip code of 23505. Multiple tenancy options are available, with spaces ranging in size to accommodate various business needs. The property is situated at 36.9167927 latitude and -76.2706308 longitude.

    Property Features for 129 Admiral Taussig Blvd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,262 SF
    Total Rate
    12935.58

    Unit(s) available at that property

    Space
    Shell Space
    Size
    14,572 SF
    Rate per SF
    $8
    Space
    Rear Suite
    Size
    8,800 SF
    Rate per SF
    $10

    HighLights

    • 14,572 square feet of space
    • 0.88‑acre lot
    • Community Commercial (C‑C) zoning
    • Two (2) overhead doors
    • Ample parking, exceeding typical availability in Ward's Corner
    • High traffic counts: 20,333 vehicles per day (VPD) on Granby Street and 20,790 VPD on E. Little Creek Road (circa 2018)
    Property Profile Location Intelligence

    Current Use by Public Records

    Wellness Water Filtration ... Water Softening Equipment Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2706308
    Latitude
    36.9167927

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    FAQs

    What type of property is this?
    Distribution property - Large industrial warehouse, multiple units.
    Where is this distribution property located?
    The property is located at 129 Admiral Taussig Blvd Norfolk, VA.
    What is the lease rate?
    The lease rate is $8-$10 SF/Yr.
    What are key features of this property?
    This property features: 14,572 square feet of space; 0.88-acre lot; Community Commercial (C-C) zoning
    Request Owner's contact information
    129 Admiral Taussig Blvd Norfolk, VA 23505
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    Norfolk, VA 23505
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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
    129 Admiral Taussig Blvd Norfolk, VA 23505
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