160 Kingsley Ln Norfolk, VA 23501
- Assisted living facilities
- 43,511 SF
- 0.34 lot acres
Current Use by Public Records
- Felix Tiongco / Gastroenterologist
- Edison Electricians of Norfolk / Electrician
- Dr. David L. Kreger, MD / Gastroenterologist
- Makdisi Walid F MD / Gastroenterologist
- Dr. Jun K. Chung, MD / Internist
Property Details for 160 Kingsley Ln
- Year built
- 1988
- Lot size
- 0.34 lot acres
- Property size
- 43,511 SF
- Zone code
- IN-2
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 60011500
- APU
- 60011500
Description
This five-story, Class B medical office building, totaling 35,000 square feet, offers a unique opportunity in Norfolk, Virginia. Located at 160 Kingsley Ln, 23501, this property boasts nine suites, with a variety of sizes available to accommodate diverse business needs. The minimum divisible space is 881 square feet, while the maximum contiguous space available is 4,071 square feet. A significant 17,824 square feet is currently vacant, presenting a substantial opportunity for immediate occupancy. The building is situated on a 0.75-acre lot and benefits from convenient parking, with a ratio of 5.5 spaces per 1,000 square feet. The property is zoned IN-2 and is ideally located adjacent to Bon Secours DePaul Hospital, providing excellent visibility and accessibility. This location in Norfolk County offers a strategic advantage for medical practices and executive offices seeking a prominent presence in a thriving healthcare hub. The building's convenient size and flexible suite options make it suitable for a range of tenants, from small startups to established businesses. Inquire today to explore the possibilities of establishing your practice or business in this exceptional location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,700,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,180,000
- 6.5%
- $5,355,000
- 7%
- $5,555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,155,000
- Geo Method
- $4,955,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,365,000
- Retail
- $5,050,000
- Mixed-Use
- $5,725,000
- Hospitality
- $6,485,000
- Educational
- $6,225,000
- Residential Income
- $6,165,000
- Energy
- $5,080,000
- Income-Based Land
- $5,035,000
- Food Service
- $6,110,000
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk City
- State
- Virginia
- Longitude
- -76.2824
- Latitude
- 36.899
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
