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    Property profile & analytics

    201 E Berkley Ave Norfolk, VA 23523

    • Grocery and convenience stores
    • 1,200 SF
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US87-3399483
    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

    • Sal's NY Pizza / Pizza Restaurant / Pizza Delivery
    • Berkley Center / Grocery Store
    • Berkeley soul food 201 east Berkeley / American Restaurant
    • Margo Bitcoin ATM / Atm / Crypto Atm
    • Bank of America ATM / Atm

    Property Details for 201 E Berkley Ave

    Property size
    1,200 SF
    Property type
    Grocery and convenience stores

    Description

    This exceptional 1,200 square foot retail space, located at 201 E Berkley Ave in Norfolk, Virginia, presents a fantastic opportunity for a single-tenant supermarket. Situated in Norfolk County, zip code 23523, this property offers complete vacancy, allowing for immediate occupancy and customization to suit your business needs. The entire 1,200 square feet is available for lease, providing ample space for a thriving grocery operation. The property's prime location in the Berkley neighborhood offers excellent visibility and accessibility for customers. This single-tenant building provides a dedicated space, eliminating the complexities of shared spaces and allowing for complete control over your retail environment. The address, 201 E Berkley Ave, ensures easy navigation and identification for both customers and delivery services. This is an ideal opportunity for an established supermarket chain or an ambitious entrepreneur looking to establish a new grocery store in a vibrant and growing community. The property is ready for immediate occupancy, allowing for a swift and efficient start to your business operations. Contact us today to learn more about leasing this exceptional retail space.

    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
    State
    Virginia
    Longitude
    -76.282034
    Latitude
    36.8311946

    Comparable in this City

    • Contact for pricing
      27,805 SF

      Retail Space Near Berkley Supermarket

      Retail spaces available near Berkley Supermarket, Norfolk.
      201 E Berkley Ave, Norfolk, VA 23523
      View Details
    • $25 SF/Yr
      5,665 SF

      Retail Space with Outdoor Patio

      First floor retail space with large outdoor patio available.
      321 E Main St, Norfolk, VA 23523
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      27,805 SF

      Retail Space Near Berkley Supermarket

      Retail spaces available near Berkley Supermarket, Norfolk.
      201 E Berkley Ave, Norfolk, VA 23523
      View Details
    • $25 SF/Yr
      5,665 SF

      Retail Space with Outdoor Patio

      First floor retail space with large outdoor patio available.
      321 E Main St, Norfolk, VA 23523
      View Details
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    Norfolk, VA 23523
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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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