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    5700 Lake Wright Dr Norfolk, VA 23502

    Sponsored
    For Lease
    $179 SF/Yr

    Prime Norfolk office space, now available.

    Lot size:
    2,706 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2,706-square-foot single-tenant office suite is located at 5700 Lake Wright Drive, Suite 410, Norfolk, Virginia 23502. The space boasts a full build-out and is ideal for professional office use. It's situated in a prime location within Norfolk, offering convenient access to various amenities and transportation options. The lease terms are favorable, and the pricing is competitive. This is a unique opportunity to secure a fully equipped, move-in ready office space in a building described as the only professional building in the area. All utilities, building services, and property expenses are included in the lease rate. Three months of free rent are being offered as an incentive. The property is in excellent condition and provides a comfortable and productive work environment. This space is perfect for businesses seeking a spacious and well-maintained office in a desirable Norfolk location. Contact us to schedule a viewing and learn more about this outstanding opportunity.

    Property Features for 5700 Lake Wright Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,706 SF

    Unit(s) available at that property

    Space
    Size
    2,706 SF
    Rate per SF
    $179

    HighLights

    • 2,706‑square‑foot single‑tenant office suite at 5700 Lake Wright Drive, Suite 410, Norfolk, VA 23502.
    • Full build‑out, ideal for professional office use.
    • Prime Norfolk location with convenient access to amenities and transportation.
    • Competitive lease rate including all utilities and building services; three months free rent offered.
    • Move‑in ready condition.
    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, now 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: 2,706-square-foot single-tenant office suite at 5700 Lake Wright Drive, Suite 410, Norfolk, VA 23502.; Full build-out, ideal for professional office use.; Prime Norfolk location with convenient access to amenities and transportation.
    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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