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    500 Main St Norfolk, VA 23510

    Sponsored
    For Lease
    $17 SF/Yr

    Prime Office Building, 285,792 SF

    Lot size:
    285,792 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional four-story, 285,792 square foot traditional office building is located in Norfolk, Virginia's Central Business District at 500 E. Main Street. The property boasts a convenient, adjacent parking facility and an on-site café, offering unparalleled convenience for tenants and visitors. Its strategic location provides exceptional access to major transportation arteries, including I-264, the Midtown Tunnel, The Tide light rail, and the Elizabeth River Ferry, ensuring seamless commutes. The building's proximity to prestigious residential areas, diverse restaurants, hotels, and shopping centers enhances its appeal. Furthermore, its location just one block from the City of Norfolk Municipal Courts complex and within walking distance of the Federal Courthouse and the Virginia Port Authority offices provides significant advantages for businesses seeking proximity to government and maritime operations. Currently, there are three available office spaces ranging from 3,250 to 14,250 square feet, totaling 31,750 square feet of vacant space. This presents a unique opportunity for businesses seeking a prominent location in a thriving urban environment. The building's multiple tenancy structure offers flexibility for various business needs. This is a rare opportunity to secure office space in a highly desirable and well-connected location.

    Property Features for 500 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    285,792 SF
    Total Rate
    404872

    Building Details

    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    First Floor- 3,250 SF
    Size
    3,250 SF
    Rate per SF
    $17
    Space
    Second Floor- 14,250 SF
    Size
    14,250 SF
    Rate per SF
    $17
    Space
    Third Floor- 14,250
    Size
    14,250 SF
    Rate per SF
    $17

    HighLights

    • Sublease available immediately, expiring January 31, 2028.
    • Space can be subdivided to suit tenant needs.
    • Building signage opportunities available.
    • On‑site café for tenant convenience.
    • Newly constructed building features a conference room.
    Property Profile Location Intelligence

    Current Use by Public Records

    Goldblatt, Cohen & Legum, ... Divorce Lawyer Tinkham Law Group ... Legal Services Sharon S. Goodwyn Attorney Virginia Injury Law Personal Injury Attorney Gregory N. Stillman Patent Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2881059
    Latitude
    36.846045

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Building, 285,792 SF
    Where is this office property / space located?
    The property is located at 500 Main St Norfolk, VA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Sublease available immediately, expiring January 31, 2028.; Space can be subdivided to suit tenant needs.; Building signage opportunities available.
    Request Owner's contact information
    500 Main St 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
    500 Main St Norfolk, VA 23510
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