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    Property profile & analytics

    1129 Olney Rd Norfolk, VA 23507-1312

    • Manufacturing properties
    • 8,197 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 16, 2022
    $44,600,000
    Location Intelligence
    Property ID
    US87-3367881
    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

    • Manufacturing properties

    Property Details for 1129 Olney Rd

    Year built
    1966
    Lot size
    0.45 lot acres
    Property size
    8,197 SF
    Zone code
    I-2
    Property type
    Manufacturing properties
    APN
    809633
    APU
    809633

    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
    -76.3083
    Latitude
    36.8639
    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
    $8,334
    $265,300
    $401,400
    $666,700
    -
    $265,300
    $401,400
    $666,700

    Comparable in this City

    • Value Estimation
      $300,000
      4,995 SF

      1130 Boissevain Ave

      MANUFACTURING (LIGHT) • 4,995 SF
      1130 Boissevain Ave, Norfolk, VA 23507-1402
      View Details
    • Value Estimation by Request
      5,598 SF

      1215 Boissevain Ave

      MANUFACTURING (LIGHT) • 5,598 SF
      1215 Boissevain Ave, Norfolk, VA 23507-1391
      View Details
    • Value Estimation
      $285,000
      1,960 SF

      1301 Olney Rd

      MANUFACTURING (LIGHT) • 1,960 SF
      1301 Olney Rd, Norfolk, VA 23507-1316
      View Details
    • Value Estimation by Request
      3,418 SF

      1215 Warrington Ave

      SHIPYARD - BUILT OR REPAIRED • 3,418 SF
      1215 Warrington Ave, Norfolk, VA 23507-1339
      View Details
    • Value Estimation
      $445,000
      9,350 SF

      1115 Warrington Ave

      MANUFACTURING (LIGHT) • 9,350 SF
      1115 Warrington Ave, Norfolk, VA 23507
      View Details
    • Value Estimation by Request
      1,410 SF

      1218 Raleigh Ave

      WAREHOUSE, STORAGE • 1,410 SF
      1218 Raleigh Ave, Norfolk, VA 23507-1328
      View Details

    Similar Nearby for Sale

    • $775,000
      2,000 SF

      Historic Norfolk Property with Restaurant

      Turn-key restaurant and bed & breakfast in historic Norfolk.
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      View Details
    • $1,700,000
      2,811 SF

      7-Eleven Store Investment Opportunity

      Freestanding 7-Eleven with extended lease and rental increases.
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    Similar Nearby for Lease

    • $12 SF/Yr
      2,500 SF

      Olney Road Executive Office Space

      Prime Ghent Office, 2500 SF Available
      400 Olney Rd, Norfolk, VA 23507
      View Details
    • Contact for pricing
      3,280 SF

      Retail Site in West Ghent

      Up-and-coming retail site near Naval Station Norfolk.
      2419 Hampton Blvd, Norfolk, VA 23507
      View Details
    • Contact for pricing
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      Norfolk Medical Office Space for Lease

      Prime Medical Office Suite - 3,671 SF Available
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    1129 Olney Rd
    Norfolk, VA 23507-1312
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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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