$9.75 SF/Yr 30,470 SF available

211 West 24Th St, Norfolk, VA 23517
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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. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

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

· Nov 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$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?

$200k estimated NOI · market benchmarks for this use type

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

Zoning insight

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

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

15 properties nearby

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

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