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    Property profile & analytics

    5700 Lake Wright Dr Norfolk, VA 23502

    • Office buildings
    • 91,374 SF
    • 5.48 lot acres
    For Lease
    View listing
    $179 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US87-3367548
    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

    • Total Quality Logistics / Logistics Service
    • UST Global / Office
    • Edward Jones - Financial Advisor: Brett Craun / Stock Broker / Financial Consultant
    • Internal Medicine Spec: Heide Robert K MD / Internist
    • Regional Finance / Loan Agency

    Property Details for 5700 Lake Wright Dr

    Year built
    1999
    Lot size
    5.48 lot acres
    Property size
    91,374 SF
    Zone code
    O-1
    Property type
    Office buildings
    APN
    80987614
    APU
    80987614

    Description

    This exceptional Class-A office space, located at 5700-5800 Lake Wright Dr. in Norfolk's Lake Wright Executive Center, offers 4 suites ranging from 1,879 to 7,730 square feet. Enjoy modern, open floor plans with abundant natural light and scenic views. The property boasts advanced amenities including high-speed internet, energy-efficient climate control, and 24/7 building access. Ample on-site parking and convenient access to I-64 and I-264 ensure easy commutes throughout Hampton Roads. The beautifully landscaped campus features walking trails, creating a tranquil yet professional environment. Its proximity to hotels, restaurants, and retail centers adds further convenience. This prestigious location in a premier business hub offers the ideal blend of modern design, top-tier amenities, and strategic accessibility. Three months of free rent are included, and the rate encompasses utilities, building services, and property expenses. This is an unparalleled opportunity to establish or expand your business in a highly desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2081
    Latitude
    36.8796
    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
    $166,724
    $2,679,000
    $10,658,900
    $13,337,900
    -
    $2,679,000
    $10,658,900
    $13,337,900

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    Norfolk, VA 23502
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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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