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Financial
Distress signals
Property profile

850 Norview Ave Norfolk, VA 23513

FOR SALE
Showrooms
Property ID
US87-3353542
3,200 SF 3.41 ac lot Built 1950
Last sale May 2020 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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850 Norview Ave, Norfolk, VA 23513 For Sale
Contact for pricing 3,200 SF
850 Norview Ave, Norfolk, VA 23513
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Property summary

AI-generated overview

This exceptional Norfolk, Virginia property offers a unique investment opportunity encompassing a 2,000 square foot building and accompanying land. Situated at 850 Norview Ave, Norfolk, VA 23513, this versatile property is classified as industrial, with flex and warehouse subtypes, making it suitable for a variety of uses. The building itself provides 2,000 square feet of usable space, ideal for businesses requiring both office and storage capabilities. The inclusion of land presents…

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$648k
Assessed land$598k
Assessed improvement$50k
Effective rate1.25%

Value estimate

· Oct 2026
$810k
$729k – $891k
AI approach$775k
CAP approach$520k
Submarket $/SF estimate$509k

Realmo valuation models over county records and 31 qualifying comparable sales.

Recently sold

What actually traded nearby?
$116/SF
Submarket average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$68 – $159
Qualifying comparables31

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 agency25.0
Law Firm23.0
Dental Office19.8

Location

850 Norview Ave Norfolk, VA 23513
County assessor Recorded deeds · 2 transfers 31 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
3348 Azalea Gdn, Norfolk, VA 23513-2239 $750,000 Jun 2025 3,482 SF
985 Denison, Norfolk, VA 23513-2811 $980,000 Jun 2024 2,709 SF
6819 Sewells Pt, Norfolk, VA 23513-3012 $380,000 Nov 2023 2,650 SF
2716 Nevada, Norfolk, VA 23513-4413 $495,000 Dec 2021 3,600 SF
2715 Wyoming, Norfolk, VA 23513-4439 $260,000 May 2021 3,406 SF
5280 Beamon, Norfolk, VA 23513-2312 $155,000 Mar 2021 2,826 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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