Property profile

5532 Raby Rd Norfolk, VA 23502

OFF-MARKET
Warehouses
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Property ID
US87-3385980
12,169 SF 1.73 ac Built 1967
Last sale May 2024·$1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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?
$13k
Tax billed · 2024
Assessed value$1.08M
Assessed land$638k
Assessed improvement$441k
Effective rate1.25%

Value estimate

· Nov 2026
$1.40M
$1.26M – $1.54M
AI approach$1.40M
CAP approach$1.49M
Submarket $/SF estimate$1.68M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$109/SF
Submarket average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$79 – $168
Qualifying comparables7

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-2
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.6
Dry Cleaner8.9
Shoe Repair8.6

Location

5532 Raby Rd Norfolk, VA 23502-2461
County assessor Recorded deeds · 1 transfer 7 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
5828 Curlew, Norfolk, VA 23502-4627 $500,000 Jul 2023 7,000 SF
1185 Harmony, Norfolk, VA 23502-2356 $1,100,000 May 2023 7,908 SF
1129 Production, Norfolk, VA 23502-1917 $20,000,000 Oct 2022 34,723 SF
100 Military, Norfolk, VA 23502-5229 $1,465,000 Apr 2022 4,992 SF
3460 Trant, Norfolk, VA 23502-3117 $1,150,000 Feb 2022 15,121 SF
1188 Kingwood, Norfolk, VA 23502-5603 $1,500,000 Aug 2020 21,916 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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Includes: Price & PSF · Cap rate · Location · Zoning

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