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    4200 Colley Ave Norfolk, VA 23508

    • Office buildings
    • 22,068 SF
    • 0.89 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimation
    $2,505,000
    Last Sale
    May 05, 2023
    $1,970,000
    Location Intelligence
    Property ID
    US87-3385778
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 4200 Colley Ave

    Year built
    1962
    Lot size
    0.89 lot acres
    Property size
    22,068 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    809359
    APU
    809359

    Description

    This exceptional two-story office building, situated in Norfolk's desirable Ghent submarket at 4200 Colley Ave, offers a fantastic leasing opportunity. Built in 1962, the property boasts a total of 28,840 square feet of traditional office space, currently featuring 2,900 square feet immediately available for lease on the second floor. The building is configured for multiple tenants, providing flexibility for businesses of various sizes. The address, 4200 Colley Ave, Norfolk, VA 23508, places the property in a vibrant and convenient location within the Ghent neighborhood. The available space presents a chance to establish a presence in a well-established area with excellent access to amenities and transportation. The building's classic design offers a professional and comfortable work environment. Interested parties are encouraged to inquire about lease terms and explore the potential of this prime office space. The 2,900 square foot space is ready for immediate occupancy. This is a rare opportunity to secure office space in a highly sought-after Norfolk location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,660,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,080,000
      6.5%
      $1,900,000
      7%
      $1,785,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,675,000
      Geo Method
      $1,985,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,335,000
      Retail
      $2,325,000
      Mixed-Use
      $2,125,000
      Hospitality
      $2,230,000
      Educational
      $2,200,000
      Residential Income
      $2,280,000
      Energy
      $2,085,000
      Income-Based Land
      $2,200,000
      Food Service
      $1,845,000

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2944
    Latitude
    36.8833
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,711
    $777,700
    $1,039,200
    $1,816,900
    -
    $777,700
    $1,039,200
    $1,816,900

    Comparable in this City

    • Value Estimation
      $375,000
      2,870 SF

      5205 Colley Ave

      OFFICE BUILDING • 2,870 SF
      5205 Colley Ave, Norfolk, VA 23508-2043
      View Details
    • Value Estimation
      $930,000
      4,519 SF

      4505 Colley Ave

      OFFICE BUILDING • 4,519 SF
      4505 Colley Ave, Norfolk, VA 23508-2030
      View Details
    • Value Estimation
      $275,000
      2,726 SF

      4501 Colley Ave

      OFFICE BUILDING • 2,726 SF
      4501 Colley Ave, Norfolk, VA 23508-2030
      View Details
    • Value Estimation
      $260,000
      3,600 SF

      1060 35th St

      OFFICE BUILDING • 3,600 SF
      1060 35th St, Norfolk, VA 23508-3013
      View Details
    • Value Estimation
      $235,000
      7,700 SF

      1261 42nd St

      OFFICE BUILDING • 7,700 SF
      1261 42nd St, Norfolk, VA 23508-2354
      View Details
    • Value Estimation by Request
      9,119 SF

      5215 Colley Ave

      OFFICE BUILDING • 9,119 SF
      5215 Colley Ave, Norfolk, VA 23508-2166
      View Details

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    Similar Nearby for Lease

    • $14 SF/Yr
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      Norfolk Office Space For Rent

      Office space available for lease in Norfolk, Virginia.
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      View Details
    • $14 SF/Yr
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      Norfolk Office Space for Lease

      Prime Ghent location, 28,840 sq ft.
      4200 Colley Ave, Norfolk, VA 23508
      View Details
    • $19 SF/Yr
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      4,397 SF

      Retail Space in Growing Area

      Up-and-coming retail site near naval base and university.
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    • $16 SF/Yr
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      Retail Space on Colley Avenue

      Retail space available for lease on Colley Avenue.
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    4200 Colley Ave
    Norfolk, VA 23508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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