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    4200 Colley Ave Norfolk, VA 23508

    Sponsored
    For Lease
    $14 SF/Yr

    Prime Ghent location, 28,840 sq ft.

    Lot size:
    28,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional two-story office building, situated in Norfolk's desirable Ghent submarket at 4200 Colley Ave, offers a fantastic leasing opportunity. Built in 1962, the property boasts a total of 28,840 square feet of traditional office space, currently featuring 2,900 square feet immediately available for lease on the second floor. The building is configured for multiple tenants, providing flexibility for businesses of various sizes. The address, 4200 Colley Ave, Norfolk, VA 23508, places the property in a vibrant and convenient location within the Ghent neighborhood. The available space presents a chance to establish a presence in a well-established area with excellent access to amenities and transportation. The building's classic design offers a professional and comfortable work environment. Interested parties are encouraged to inquire about lease terms and explore the potential of this prime office space. The 2,900 square foot space is ready for immediate occupancy. This is a rare opportunity to secure office space in a highly sought-after Norfolk location.

    Property Features for 4200 Colley Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,840 SF
    Total Rate
    33646.67

    Building Details

    Year Built
    1962
    Stories
    2

    Unit(s) available at that property

    Space
    2
    Size
    2,900 SF
    Rate per SF
    $14

    HighLights

    • Exceptional two‑story, 28,840 SF office building in Norfolk's Ghent submarket.
    • 2,900 SF of second‑floor office space immediately available for lease.
    • Building configured for multiple tenants, offering flexibility.
    • Located at 4200 Colley Ave, Norfolk, VA 23508, in a vibrant, amenity‑rich location.
    • Features open space, private offices, break room, and restroom.
    • Newly renovated with masonry construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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 City
    State
    Virginia
    Longitude
    -76.2945674
    Latitude
    36.8831949

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Ghent location, 28,840 sq ft.
    Where is this office property / space located?
    The property is located at 4200 Colley Ave Norfolk, VA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Exceptional two-story, 28,840 SF office building in Norfolk's Ghent submarket.; 2,900 SF of second-floor office space immediately available for lease.; Building configured for multiple tenants, offering flexibility.
    Request Owner's contact information
    4200 Colley Ave Norfolk, VA 23508
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    Norfolk, VA 23508
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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
    4200 Colley Ave Norfolk, VA 23508
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