Financial
Distress signals
Property profile

2551 Eltham Ave Norfolk, VA 23513

OFF-MARKET
Office buildings
Property ID
US87-3386441
89,350 SF 7.66 ac lot Built 1988
Last sale Apr 2022 · $11,885,941
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A single-story flex/warehouse-style space with direct access and loading capabilities that include both dock and grade loading, with loading areas secured from public view. The building is approximately 2,332 square feet and is served by ample on-site parking. It is located about 2.5 miles from Norfolk International Airport, near military bases, and within minutes of Interstate 64 (I-64). Exterior building signage is available.

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?
$133k
Tax billed · 2024
Assessed value$10.63M
Assessed land$2.34M
Assessed improvement$8.29M
Effective rate1.25%

Value estimate

· Sep 2026
$15.45M
$13.90M – $16.99M
AI approach$10.49M
Submarket $/SF estimate$8.42M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$197/SF
Submarket average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$118 – $273

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?
BC-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 agency39.1
Dental Office31.3
Law Firm27.9

Location

2551 Eltham Ave Norfolk, VA 23513-2505
County assessor Recorded deeds · 4 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
5423 Henneman, Norfolk, VA 23513-2439 $1,000,000 Nov 2025 7,930 SF
5301 Robin Hood, Norfolk, VA 23513-2419 $18,008,902 Apr 2022 130,556 SF
5400 Robin Hood, Norfolk, VA 23513-2447 $1,050,000 Nov 2021 10,867 SF
5280 Henneman, Norfolk, VA 23513-2503 $2,050,000 Jun 2020 18,400 SF
2550 Ellsmere, Norfolk, VA 23513-2413 $5,005,157 Dec 2018 44,093 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2551 Eltham Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message