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    5700 Lake Wright Dr Norfolk, VA 23502

    Sponsored
    For Lease
    $179 SF/Yr

    Prime Norfolk office space, fully built-out.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1879-square-foot office suite, located at 5700 Lake Wright Drive, Suite 405, Norfolk, VA 23502, presents a fantastic opportunity for businesses seeking a professional and efficient workspace. The single-tenant space is fully built-out and ready for immediate occupancy. This traditional office space is ideal for a variety of professional uses. The building offers a convenient location in Norfolk, Virginia, and boasts excellent amenities. Lease terms are favorable, and pricing is competitive. The suite is part of an 11,637 square foot building, and this is the only professional building in the area. Utilities, building services, and property expenses are included in the lease rate. This is a move-in ready space, perfect for a business seeking a comfortable and productive environment. The landlord is offering three months of free rent. Contact us today to schedule a viewing and explore this outstanding opportunity to establish your business in a prime Norfolk location.

    Property Features for 5700 Lake Wright Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF
    Rate per SF
    $179
    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
    -76.2077406
    Latitude
    36.8798775

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Norfolk office space, fully built-out.
    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.
    Request Owner's contact information
    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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