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Medical Office Suite with Offices
For Lease
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962 Norfolk Sq, Norfolk, VA 23502

Office suite features an open layout with private offices, conference rooms, break rooms, and multiple restrooms.

Property Size7,000 SF
Days on Market82

Property Features for 962 Norfolk Sq

General Information

Standard status Active
Size 7,000 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Space Use Medical Office
Flexible Term Yes

Building Details

Parking Ratio 6.5 per 1,000 SF
Listing Agency: Colliers | Norfolk
Listed By: Brian Davidson
Source: Moodyscre
Added: May 12 Changed: Jul 29 Last Checked: Aug 1 at 4:07AM

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 Colliers | Norfolk

Investment Insights

Based on property information with market context.

This for-lease office suite offers an open floor plan with several private offices and conference rooms, along with two break rooms and multiple restrooms. The space is positioned as a medical or healthcare opportunity, with DaVita identified as a co-tenant.

Centrally located within minutes of Downtown Norfolk, Ghent, Military Highway, and Norfolk International Airport. The property is under new ownership.

Abundant parking is available at approximately 6.5 spaces per 1,000 square feet, and the lease term is described as flexible.

Key Highlights

  • Office suite with an open layout plus several private offices and conference rooms
  • Includes two break rooms and multiple restrooms
  • DaVita is a co‑tenant, creating an anchored medical/healthcare tenant opportunity

Property Analytics

Current Use

Safari Dance Studio Training Center DaVita Norfolk Dialysis ... Medical Clinic

Suggested Use

Top Pick Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Gym & Fitness Center

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

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

Market

Lease Benchmarks for Norfolk, VA

$13.96 /SF/Yr
Avg Asking Price
$3.84–$29.5 /SF/Yr
Price Range
5,221 SF
Avg Space Size

This space is priced 14% below the average of $13.96 /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
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Frequently Asked Questions

What type of property is this?
Office units - Office suite features an open layout with private offices, conference rooms, break rooms, and multiple restrooms.
Where is this office units located?
The property is located at 962 Norfolk Sq Norfolk, VA.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Office suite with an open layout plus several private offices and conference rooms; Includes two break rooms and multiple restrooms; DaVita is a co‑tenant, creating an anchored medical/healthcare tenant opportunity
(757) 228-1809 Call to check price and availability
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