Financial
Distress signals
Property profile

3321 Princess Anne Rd Norfolk, VA 23502

OFF-MARKET
Manufacturing properties
Property ID
US87-3418554
180,600 SF 13.49 ac lot Built 1959
Last sale Jul 2024 · $34,897,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional industrial property, located at 3321 E. Princess Anne Road in Norfolk, Virginia, offers a substantial 294,657 square feet of warehouse and distribution space. Currently, up to 193,771 square feet is available for lease, divisible into units ranging from 38,663 to 113,450 contiguous square feet. Built in 1959 and extensively renovated in 2022, the Class B building boasts impressive ceiling heights ranging from 21 to 24 feet and 36 feet in certain areas. The property features…

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?
$187k
Tax billed · 2024
Assessed value$14.94M
Assessed land$3.29M
Assessed improvement$11.65M
Effective rate1.25%

Value estimate

· Sep 2026
$34.90M
$31.41M – $38.39M
AI approach$34.90M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$132/SF
Submarket average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$80 – $223

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

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

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 agency38.0
Law Firm29.2
Restaurant27.7

Location

3321 Princess Anne Rd Norfolk, VA 23502-1502
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
941 Norfolk Sq, Norfolk, VA 23502-3211 $775,000 Apr 2023 No data
1550 Azalea Gdn, Norfolk, VA 23502-1628 $177,000 Mar 2023 2,847 SF
100 Military, Norfolk, VA 23502-5229 $1,465,000 Apr 2022 4,992 SF
3435 Mangrove, Norfolk, VA 23502-3112 $499,000 Dec 2019 8,750 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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