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    5700 Lake Wright Dr Norfolk, VA 23502

    Sponsored
    For Lease
    $179 SF/Yr

    Prime Norfolk office space, ready to occupy.

    Lot size:
    3,894 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3,894 square foot traditional office suite, located at 5700 Lake Wright Drive, Suite 103, Norfolk, VA 23502, is now available for lease. The space boasts a full build-out, brand new flooring, and fresh paint, making it truly move-in ready. Ideal for a single tenant, this suite offers a comfortable and spacious work environment perfect for various professional businesses. The lease terms are favorable, and the pricing is competitive. This property is uniquely positioned as the only professional office building in the immediate area, providing excellent visibility and accessibility. All utilities, building services, and property expenses are included in the lease rate. The location in Norfolk, Virginia offers convenient access to major transportation routes and amenities. This is a turnkey opportunity to establish your business in a high-quality, well-maintained space. Three months of free rent are being offered as an incentive. Contact us today to schedule a viewing and explore this outstanding opportunity to secure your ideal office space.

    Property Features for 5700 Lake Wright Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,894 SF

    Unit(s) available at that property

    Space
    Size
    3,894 SF
    Rate per SF
    $179

    HighLights

    • 3,894 square foot traditional office suite available for lease at 5700 Lake Wright Drive, Suite 103, Norfolk, VA 23502.
    • Move‑in ready condition with full build‑out, new flooring, and fresh paint.
    • Single‑tenant suite offering a spacious and comfortable work environment.
    • Competitive lease rate including all utilities and building services.
    • Excellent visibility and accessibility as the only professional office building in the immediate area.
    • Convenient access to major transportation routes and amenities in Norfolk, VA.
    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, ready to occupy.
    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: 3,894 square foot traditional office suite available for lease at 5700 Lake Wright Drive, Suite 103, Norfolk, VA 23502.; Move-in ready condition with full build-out, new flooring, and fresh paint.; Single-tenant suite offering a spacious and comfortable work environment.
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    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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