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    Property profile & analytics

    5595 Raby Rd Norfolk, VA 23502

    • Warehouses
    • 29,119 SF
    • 5.89 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US87-3367857
    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

    • Bearfight CrossFit / Gym / Fitness Center
    • Office Furniture Outlet / Liquidator / Used Office Furniture Store
    • East Front Cabinet Company / Cabinet Store
    • ElectroKlean / Commercial Cleaning Service
    • The Desk Doctor / Upholstery Shop / Antique Furniture Restoration Service

    Property Details for 5595 Raby Rd

    Year built
    1964
    Lot size
    5.89 lot acres
    Property size
    29,119 SF
    Zone code
    I-2
    Property type
    Warehouses
    APN
    25248800
    APU
    25248800

    Description

    This exceptional 14,400-square-foot property at 5595 Raby Road in Norfolk, Virginia, presents a unique opportunity for a single tenant seeking a combined office and warehouse space. Situated on a generous 5.89-acre lot, the building boasts a flexible layout ideal for a variety of businesses. The space is currently entirely vacant, offering immediate occupancy. The building features a mix of executive office space and warehouse functionality, with ceiling heights ranging from 16 to 21 feet, providing ample vertical storage capacity. Two dock-high doors and one drive-in door ensure efficient loading and unloading of goods. Ample parking is available on-site to accommodate employees and visitors. The property is zoned I-L (Light Industrial), making it suitable for a range of industrial and office uses. The building is powered by single-phase electricity. Located in Norfolk County, Virginia, with a zip code of 23502, this property offers convenient access to major transportation routes and amenities. This is a rare opportunity to secure a substantial, versatile property in a prime location. The entire 14,400 square feet is available for lease. Contact us today to schedule a viewing.

    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
    -76.2152
    Latitude
    36.8577
    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
    $40,820
    $1,628,100
    $1,637,500
    $3,265,600
    -
    $1,628,100
    $1,637,500
    $3,265,600

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    • $9 SF/Yr
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      Norfolk Industrial/Office Space For Lease

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      5595 Raby Rd, Norfolk, VA 23502
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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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