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    201 City Hall Ave Norfolk, VA 23510

    Sponsored
    For Lease
    $19 SF/Yr

    Downtown Norfolk Office - 825 SF Available

    Lot size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This stunning, beautifully maintained historic building in downtown Norfolk, Virginia offers a unique opportunity for businesses seeking traditional office space. Located at 201 E City Hall Ave, 23510, this seven-story building boasts a total of 14,000 square feet. Currently, there is one suite available, totaling 825 square feet, representing a minimum divisible space. The entire building comprises a single suite, offering potential for a single tenant occupancy or the possibility of future subdivision (subject to feasibility). The property's prime downtown location provides excellent visibility and accessibility. This traditional office building presents a blend of historical charm and modern functionality, ideal for businesses seeking a prestigious address in a vibrant urban setting. The building's historic character is meticulously preserved, creating a unique and attractive work environment. Interested parties are encouraged to inquire about lease terms and availability for this exceptional office space. The property is situated in Norfolk, Virginia, offering easy access to major transportation routes and amenities. This is a rare opportunity to secure a space in a landmark building within the heart of Norfolk's business district.

    Property Features for 201 City Hall Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,000 SF
    Total Rate
    22166.67

    Building Details

    Buildings
    1
    Stories
    7

    Unit(s) available at that property

    Space
    7
    Size
    825 SF
    Rate per SF
    $19

    HighLights

    • 14,000 SF historic office building at 201 E City Hall Ave, Norfolk, VA 23510.
    • Currently offers one 825 SF suite, with potential for subdivision.
    • Prime downtown location with excellent visibility and accessibility, near restaurants, shops, and MacArthur Center.
    • Built in 1913, blending historic charm with modern functionality.
    • Rare opportunity to lease space in a landmark building in Norfolk's business district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Prime 3 Software Software Company Nexus Refrigeration Contractor Marine Oil Service, ... Corporate Office Pinnacle Business Solutions Consultant Anders Williams & Co ... Trucking Company

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2908881
    Latitude
    36.8476817

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Norfolk Office - 825 SF Available
    Where is this office property / space located?
    The property is located at 201 City Hall Ave Norfolk, VA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 14,000 SF historic office building at 201 E City Hall Ave, Norfolk, VA 23510.; Currently offers one 825 SF suite, with potential for subdivision.; Prime downtown location with excellent visibility and accessibility, near restaurants, shops, and MacArthur Center.
    Request Owner's contact information
    201 City Hall Ave Norfolk, VA 23510
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    Norfolk, VA 23510
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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
    201 City Hall Ave Norfolk, VA 23510
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