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    850 Norview Ave Norfolk, VA 23513

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    For Sale
    Contact for pricing

    2,000 SF Flex/Warehouse; Prime Norfolk Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Norfolk, Virginia property offers a unique investment opportunity encompassing a 2,000 square foot building and accompanying land. Situated at 850 Norview Ave, Norfolk, VA 23513, this versatile property is classified as industrial, with flex and warehouse subtypes, making it suitable for a variety of uses. The building itself provides 2,000 square feet of usable space, ideal for businesses requiring both office and storage capabilities. The inclusion of land presents significant potential for expansion or future development. The property's location in Norfolk County, Virginia offers convenient access to major transportation routes and a thriving business community. This combination of building and land provides a rare opportunity to acquire a well-positioned property in a desirable area. The property's versatility and potential for growth make it an attractive investment for both established businesses and entrepreneurs seeking a strategic location to expand their operations. The precise details of zoning and permitted uses should be verified independently. This property is being offered for sale and presents a compelling opportunity for those seeking a flexible and strategically located industrial space. The latitude and longitude coordinates are 36.891183, -76.254263.

    Property Features for 850 Norview Ave

    General Information

    Property type
    Self storage facilities

    HighLights

    • 2,000 SF building and land for sale in Norfolk, VA.
    • Located at 850 Norview Ave, Norfolk, VA 23513.
    • Property type: Industrial, Land, Self Storage; Subtype: Flex, Warehouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.254263
    Latitude
    36.891183

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    FAQs

    What type of property is this?
    Self storage facility - 2,000 SF Flex/Warehouse; Prime Norfolk Location
    Where is this self storage facility located?
    The property is located at 850 Norview Ave Norfolk, VA.
    What are key features of this property?
    This property features: 2,000 SF building and land for sale in Norfolk, VA.; Located at 850 Norview Ave, Norfolk, VA 23513.; Property type: Industrial, Land, Self Storage; Subtype: Flex, Warehouse.
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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
    850 Norview Ave Norfolk, VA 23513
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