Financial
Distress signals
Property profile

3517 Argonne Ave Norfolk, VA 23509

OFF-MARKET
Other warehouses
Property ID
US87-3406493
12,987 SF 2.73 ac lot Built 1954
Last sale Sep 2024 · $850,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a combined office and warehouse facility offering approximately 13,000 square feet of space on a site of about 2.75 acres, including fenced yard area. It is zoned I-L (Light Industrial) and has warehouse infrastructure including 3-phase power, gas heat, two loading doors measuring 10 feet by 10 feet each, and an interior ceiling height of 13 feet 9 inches.

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?
$8k
Tax billed · 2024
Assessed value$673k
Assessed land$381k
Assessed improvement$292k
Effective rate1.25%

Value estimate

· Sep 2026
$850k
$765k – $935k
AI approach$850k
Submarket $/SF estimate$563k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$109/SF
Submarket average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$79 – $168

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I-1
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency31.7
Law Firm25.6
Dental Office21.6

Location

3517 Argonne Ave Norfolk, VA 23509-2156
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

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

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6969 Tidewater, Norfolk, VA 23509-1628 $585,464 Sep 2024 4,035 SF
3540 Argonne, Norfolk, VA 23509-2155 $16,300 Aug 2021 2,976 SF
818 Norview, Norfolk, VA 23509-1541 $500,000 Sep 2020 14,168 SF
3211 Lafayette, Norfolk, VA 23509-2547 $795,000 Mar 2020 27,835 SF
3022 Cromwell, Norfolk, VA 23509 $795,000 Mar 2020 4,940 SF
3008 Cromwell, Norfolk, VA 23509-2532 $175,000 Jan 2019 2,839 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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