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    Frontage Poplar Hall Dr Norfolk, VA 23502

    Sponsored
    For Sale
    $225,000

    Prime .435-acre commercial lot, 5 pads, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.435-acre commercial land parcel presents a unique investment opportunity in the thriving Norfolk, Virginia market. Strategically located on Poplar Hall Drive, between Frizzell Avenue and Brockwell Avenue, this property boasts a high-traffic count of 13,000 vehicles per day, ensuring excellent visibility and accessibility for any business. The property comprises multiple small parcels, totaling 0.435 acres, and includes parcels 5877 and 5883 Poplar Hall Drive. Zoned C-C (Community Commercial), this versatile land is ideally suited for a variety of uses, including but not limited to daycare centers, office spaces, and other commercial ventures. The asking price is $225,000, offering a compelling entry point into the Norfolk commercial real estate market. With its prime location, high traffic volume, and flexible zoning, this property represents a significant opportunity for investors and developers seeking a strong return on investment. The five pads provide ample space for development, allowing for flexibility in design and layout. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing area. The zip code is 23502.

    Property Features for Frontage Poplar Hall Dr

    General Information

    Property type
    Land
    Lot Size
    18,949 SF

    HighLights

    • Two parcels included: 5877 and 5883 Poplar Hall Drive.
    • 0.435‑acre site comprised of multiple smaller parcels.
    • Poplar Hall Drive location between Frizzell and Brockwell Avenues.
    • C‑C (Community Commercial) zoning.
    • Suitable for daycare, office, and other commercial uses.
    • High traffic count: 13,000 vehicles per day on Poplar Hall Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2052108
    Latitude
    36.848409

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    FAQs

    What type of property is this?
    Land - Prime .435-acre commercial lot, 5 pads, high traffic.
    Where is this land located?
    The property is located at Frontage Poplar Hall Dr Norfolk, VA.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Two parcels included: 5877 and 5883 Poplar Hall Drive.; 0.435-acre site comprised of multiple smaller parcels.; Poplar Hall Drive location between Frizzell and Brockwell Avenues.
    (757) 499-2900
    Request Owner's contact information
    Frontage Poplar Hall Dr 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
    Frontage Poplar Hall Dr Norfolk, VA 23502
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