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Free-Standing Flex Building
For Lease
$6,470/Mo

957 Norfolk Square, Norfolk, VA 23502

Office and warehouse configuration with grade-level loading, three-phase power, and convenient interstate access.

Space SizeContact for details
Days on Market50

Property Features for 957 Norfolk Square

General Information

Standard status Active
Property subtype Office

Site & Location

Neighborhood Ingleside
Listing Agency: Norfolk - Main
Listed By: Drew Ott
Source: Colliers
Added: Sep 16 Changed: Oct 26 Last Checked: Nov 3 at 3:14AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Norfolk - Main

Rey
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Investment Insights

Based on property information with market context.

This 6,470-square-foot flex property occupies a 0.46-acre lot and combines 4,950 square feet of office area with 1,520 square feet of warehouse space. The building includes approximately 20 parking spaces, ceiling heights of about 10 feet, 600-amp, 3-phase electrical service, and grade-level loading through an 8' x 8' overhead door. Masonry and brick exterior walls, free-span steel framing, a concrete slab foundation, and a built-up roof replaced in 2006 complete the improvements.

The property is zoned BC-I within Norfolk Industrial Park, with access to I-264 and I-64. Additional conditioned warehouse area may be created, expanding the building’s existing office-and-industrial configuration. Availability is scheduled for January 1, 2027.

Key Highlights

  • Approximately 6,470 SF on a 0.46‑acre lot
  • 4,950 SF of office space and 1,520 SF of warehouse space
  • 600‑amp, 3‑phase power service

Property Analytics

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Open Analytics

Current Use

Terminix Garden Center

Suggested Use

Top Pick Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

350
Businesses Nearby
Under-served
Demand for This Use

Demographics for 23502, VA

20,547
Population
8,839
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,075
Density / Sq Mi
$66,467
Median Household Income
$37,213
Median Earnings
$1,335
Median Rent
$244,800
Median Home Value
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Market

Lease Benchmarks for Norfolk, VA

$11.18 /SF/Yr
Avg Asking Price
$9.75–$12 /SF/Yr
Price Range
8,761 SF
Avg Space Size

This space is priced 7% above the average of $11.18 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Office and warehouse configuration with grade-level loading, three-phase power, and convenient interstate access.
Where is this flex space located?
The property is located at 957 Norfolk Square Norfolk, VA.
What is the lease rate?
The lease rate is $6,470/Mo.
What are key features of this property?
This property features: Approximately 6,470 SF on a 0.46‑acre lot; 4,950 SF of office space and 1,520 SF of warehouse space; 600‑amp, 3‑phase power service
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