Property profile

3517 Argonne Ave Norfolk, VA 23509

OFF-MARKET
Other warehouses
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Property ID
US87-3406493
12,987 SF 2.73 ac 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.
Market Trends Soon

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

Value estimate

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

Realmo valuation models over county records and 7 qualifying comparable sales.

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
Qualifying comparables7

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 7 qualifying comp sales 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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