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    3574 Argonne Ave Norfolk, VA 23509

    Sponsored
    For Lease
    $11 SF/Yr

    14,601 SF Industrial Space Available

    Lot size:
    45,454 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Norfolk County warehouse offers 14,601 square feet of immediately available space within a larger 45,454 square foot building. The unit features 23-28 foot ceilings, ten loading docks (six 9'x10' dock-level doors with shelters and 30,000 lb levelers, one 10'x12' dock-level door with shelter and 30,000 lb leveler, one 10'x12' door with concrete ramp, and two 10'x12' semi dock-level doors), and ample paved parking. The space includes 12,001 square feet of warehouse area and 2,600 square feet of office space, with LED lighting in the warehouse and fluorescent lighting in the office. The building, constructed in 1970, features concrete and metal siding, a 5-inch concrete floor, and is served by 3-phase, 200-amp, 240/120-volt power. The 4.28-acre site is zoned M-1 and R-8. The office area includes two restrooms. Natural gas heat and a warehouse vent fan are included. The lease rate is $11.75 per square foot, NNN ($0.95 psf). Occupancy is available February 1, 2025. The building dimensions are 146' x 100'.

    Property Features for 3574 Argonne Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,454 SF
    Total Rate
    44507.04

    Building Details

    Year Built
    1970

    Unit(s) available at that property

    Space
    Bay 1
    Size
    14,601 SF
    Rate per SF
    $11

    HighLights

    • 45,454 SF industrial warehouse/office building for lease in Norfolk County.
    • 14,601 SF of contiguous space available, divisible to 12,001 SF minimum.
    • Features include 23'-28' ceiling heights, 10 loading docks, and ample paved parking.
    • Building amenities include 3‑phase, 200‑amp power, and a mix of LED and fluorescent lighting.
    • The property sits on a 4.28‑acre lot, zoned M‑1 and R‑8, and was built in 1970.
    Property Profile Location Intelligence

    Current Use by Public Records

    Oberweis Business To Business Service RiteRug Flooring Warehouse

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk county
    State
    Virginia
    Longitude
    -76.2518038
    Latitude
    36.8811749

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    FAQs

    What type of property is this?
    Distribution property - 14,601 SF Industrial Space Available
    Where is this distribution property located?
    The property is located at 3574 Argonne Ave Norfolk, VA.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 45,454 SF industrial warehouse/office building for lease in Norfolk County.; 14,601 SF of contiguous space available, divisible to 12,001 SF minimum.; Features include 23'-28' ceiling heights, 10 loading docks, and ample paved parking.
    Request Owner's contact information
    3574 Argonne Ave Norfolk, VA 23509
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    Norfolk, VA 23509
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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
    3574 Argonne Ave Norfolk, VA 23509
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