Financial
Distress signals
Property profile

211 West 24Th St Norfolk, VA 23517

FOR LEASE
Manufacturing properties
Property ID
US87-3368282
26,265 SF 1.21 ac lot Built 1956
Last sale Jul 2023 · $3,050,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

211 W 24th St is a single-unit commercial property in Norfolk’s West Norfolk submarket, offering 30,470 square feet of space. The building was originally constructed in 1956 and underwent renovation in 2023. It is zoned I-L (Light Industrial) and has historically been used as a tasting room, event venue, warehouse, and brewery. The interior configuration includes high ceilings, loading docks, and substantial storage capacity, and the facility is configured to support uses such as brewery operations, manufacturing, distribution, and other forms of adaptive reuse.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$24k
Tax billed · 2024
Assessed value$1.90M
Assessed land$630k
Assessed improvement$1.27M
Effective rate1.25%

Value estimate

· Sep 2026
$4.12M
$3.71M – $4.53M
CAP approach$2.65M
Submarket $/SF estimate$2.59M
NOI build-up
Gross scheduled income$296k
Vacancy & credit loss−$11k
Operating expenses−$86k
NOI · 2,047,661.54% cap applied$200k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$132/SF
Submarket average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$80 – $223

Cap rate analysis

How does the asset earn?
2,047,661.54%
$200k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm20.9
Dental Office20.0
Pet Grooming Service10.2

Location

211 West 24Th St Norfolk, VA 23517
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

18 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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