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Property profile & analytics
FOR LEASE
Assisted living facilities

160 Kingsley Ln Norfolk, VA 23501

43,511 SF 0.34 ac lot Built 1988
Entity Owned 2-yr Hold Free & Clear
Property ID
US87-3353291
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1988
Total area 43,511 SF
Lot 0.34 ac (14,719 SF)
Zoning code IN-2
APN 60011500
UPID US87-3353291
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Felix Tiongco Physician
  • Edison Electricians of Norfolk Electrical Service General Contractor
  • Dr. David L. Kreger, MD Physician
  • Makdisi Walid F MD Physician
  • Dr. Jun K. Chung, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.63M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.68M
Owner & transaction history
St Vincent De Paul House LLC · 2 yrs held
St Vincent De Paul House LLC
since 2023
Last sale
$5.7M
4 recorded transactions
2023
$5.7M
2023
$600,000
2018
$3.5M
2006
$4.3M
Zoning & alternative use
IN-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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