Property profile

1512 E Little Creek Rd Norfolk, VA 23518

FOR SALE
Office buildings
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Property ID
US87-3353344
3,384 SF 0.89 ac Built 1950
Last sale Jul 2010·$480,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

A converted masonry, wood, and glass office building that was originally a residential home and adapted for professional office use. The interior includes 15 private offices, most with windows, plus two conference rooms and an equipped break room. Additional functional space is available via attic storage, and the property provides parking for occupants. It is situated just east of the junction where Little Creek Road forks to Military Highway (U.S. 13) in the Little Creek retail submarket,…

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?
$7k
Tax billed · 2024
Assessed value$578k
Assessed land$506k
Assessed improvement$72k
Effective rate1.25%

Value estimate

· Nov 2026
$325k
$293k – $358k
CAP approach$770k
Submarket $/SF estimate$610k
NOI build-up
Gross scheduled income$63k
Vacancy & credit loss−$5k
Operating expenses−$14k
NOI · 6.17% cap applied$43k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$197/SF
Submarket average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$118 – $273
Qualifying comparables4

Cap rate analysis

How does the asset earn?
6.17%
$43k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.0
Parking Facility12.6
Electrical Service11.8

Location

1512 E Little Creek Rd Norfolk, VA 23518
County assessor Recorded deeds · 1 transfer 4 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

2 recorded sales · 18 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1216 Little Crk, Norfolk, VA 23518-3900 $490,000 Feb 2024 8,296 SF
1500 Little Crk, Norfolk, VA 23518-4137 $1,800,000 Jun 2020 29,545 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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