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Property profile & analytics
OFF-MARKET
Commercial real estate

1700 Norview Ave Norfolk, VA 23518

Built 1983
Entity Owned 8-yr Hold
Property ID
US87-3392518
Property summary
AI-generated overview

This exceptional office property, located at 1700 Norview Avenue in Norfolk, Virginia, presents a unique opportunity for businesses seeking a convenient and well-situated workspace. Situated on a corner lot at the intersection of Norview Avenue and Military Highway, this property offers excellent visibility and accessibility. The building, totaling 2516 square feet, features a substantial chain-link fence encompassing the entire property. The interior layout is versatile, comprising several distinct office spaces. The right side includes a 37 x 12-foot office with a bathroom and utility room. The left side offers a 19'5 x 15'8-foot office with a sink and half-bathroom. Additional office spaces include a 22'7 x 19'5-foot front office, a 16 x 15.5-foot middle office with its own bathroom, and a smaller 8'8 x 12'7-foot office in the rear left. A 11'5 x 6'4-foot kitchen is also included. The building's dimensions on the left side measure approximately 40 x 36 feet. The property's adjacency to the Bromley Shopping Center provides added convenience and high traffic exposure. Please note that this property is for office use only, with limited parking available for tenants. The monthly rent is $2000, which includes all utilities. The right side of the building is currently occupied by Budget Rental Car, utilizing most of the available parking.

Property profile
Verified
Property type Commercial real estate
Year built 1983
UPID US87-3392518
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
  • Avis Car Rental Car Rental Facility
  • Budget Car Rental Car Rental Facility
  • Budget Truck Rental Car Rental Facility
  • Beach Beautifiers General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Draybun Norview LLC A Virginia Limi · 8 yrs held
Draybun Norview LLC A Virginia Limi
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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