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    5700 Lake Wright Dr Norfolk, VA 23502

    Sponsored
    For Lease
    $179 SF/Yr

    Prime Norfolk office space, multiple sizes available

    Lot size:
    16,209 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class-A office space, located at 5700-5800 Lake Wright Dr. in Norfolk's Lake Wright Executive Center, offers 4 suites ranging from 1,879 to 7,730 square feet. Enjoy modern, open floor plans with abundant natural light and scenic views. The property boasts advanced amenities including high-speed internet, energy-efficient climate control, and 24/7 building access. Ample on-site parking and convenient access to I-64 and I-264 ensure easy commutes throughout Hampton Roads. The beautifully landscaped campus features walking trails, creating a tranquil yet professional environment. Its proximity to hotels, restaurants, and retail centers adds further convenience. This prestigious location in a premier business hub offers the ideal blend of modern design, top-tier amenities, and strategic accessibility. Three months of free rent are included, and the rate encompasses utilities, building services, and property expenses. This is an unparalleled opportunity to establish or expand your business in a highly desirable location.

    Property Features for 5700 Lake Wright Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,209 SF

    Unit(s) available at that property

    Space
    1879 SF Suite 405
    Size
    1,879 SF
    Rate per SF
    $179
    Space
    3894 SF Suite 103
    Size
    3,894 SF
    Rate per SF
    $179
    Space
    2706 SF Suite 410
    Size
    2,706 SF
    Rate per SF
    $179
    Space
    7730 SF Suite 200
    Size
    7,730 SF
    Rate per SF
    $179

    HighLights

    • 4 professional office spaces available, ranging from 1,879 sq. ft. to 7,730 sq. ft.
    • Located at 5700‑5800 Lake Wright Dr., Norfolk, VA 23502, in the Lake Wright Executive Center.
    • Class‑A office space featuring modern, open floor plans with natural light and scenic views.
    • Amenities include high‑speed internet, energy‑efficient climate control, and 24/7 building access.
    • Ample on‑site parking and convenient access to I‑64 and I‑264.
    Property Profile Location Intelligence

    Current Use by Public Records

    Total Quality Logistics Logistics Service UST Global Office Edward Jones - Financial ... Financial Consultant Internal Medicine Spec: ... Internist Regional Finance Loan Agency

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -76.206034768487
    Latitude
    36.880041623333

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Norfolk office space, multiple sizes available
    Where is this office property / space located?
    The property is located at 5700 Lake Wright Dr Norfolk, VA.
    What is the lease rate?
    The lease rate is $179 SF/Yr.
    What are key features of this property?
    This property features: 4 professional office spaces available, ranging from 1,879 sq. ft. to 7,730 sq. ft.; Located at 5700-5800 Lake Wright Dr., Norfolk, VA 23502, in the Lake Wright Executive Center.; Class-A office space featuring modern, open floor plans with natural light and scenic views.
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    5700 Lake Wright Dr 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
    5700 Lake Wright Dr Norfolk, VA 23502
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