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Financial
Distress signals
Property profile

331 E Bayview Blvd 331 Norfolk, VA 23503

FOR SALE
Strip malls
Property ID
US87-3361383
8,788 SF 0.78 ac lot Built 1960
Last sale Nov 2020 · $700,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A highly visible retail storefront located at 331 E Bayview Boulevard in Norfolk, Virginia, positioned off Tidewater Drive. The property is situated in a C-2 Neighborhood Commercial District, a zoning classification intended for small- to medium-scale commercial businesses serving nearby neighborhoods. The space is configured to support neighborhood-oriented retail and service uses, including personal services such as barber shops, beauty salons, nail salons, day spas, and fitness or wellness…

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?
$10k
Tax billed · 2024
Assessed value$767k
Assessed land$369k
Assessed improvement$398k
Effective rate1.25%

Value estimate

· Oct 2026
$870k
$783k – $957k
AI approach$860k
NOI build-up
Gross scheduled income$24k
Vacancy & credit loss−$899
Operating expenses−$7k
NOI · 18.20% cap applied$16k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
18.20%
$16k 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?
C-2
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 Firm28.2
Realty agency24.8
Dental Office22.3

Location

331 E Bayview Blvd, Unit 331 Norfolk, VA 23503
County assessor Recorded deeds · 2 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

2 recorded sales · 14 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1877 Ocean Vw, Norfolk, VA 23503-2501 $1,300,000 Dec 2025 5,361 SF
9617 Granby, Norfolk, VA 23503-1625 $1,300,000 Jan 2025 15,746 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
5 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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