211 Freemason St Norfolk, VA 23510-1213
Property profile & analytics
211 Freemason St, Norfolk, VA 23510-1213
- Retail space
- 4,925 SF
- 0.06 lot acres
Property ID
US87-3358691
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.
Location Intelligence
Current Use by Public Records
- Sway Creative Labs / Marketing & Advertising / (Bike/Boat/Book/etc) Store
Property Details for 211 Freemason St
- Year built
- 1955
- Lot size
- 0.06 lot acres
- Zone code
- D-3
- Property type
- Retail space
- APN
- 17327702
- APU
- 17327702
Description
This exceptional mixed-use property at 211 W Freemason St, Norfolk, VA 23510 presents a unique owner-user investment opportunity. The 4,925 square foot building, constructed in 1955, boasts a desirable D-3 zoning designation. The two-story structure offers a blend of commercial and residential space, perfectly suited for a variety of uses. The first floor encompasses approximately 2,800 square feet of creative office space, currently leased to Sway Creative Labs, an independent advertising agency. This provides immediate rental income for an owner-occupant. The second floor features a luxurious 2,200 square foot apartment complete with a private rooftop deck, offering significant potential for rental income or personal use. The property's prime location in vibrant Downtown Norfolk places it within easy reach of numerous shopping, dining, and entertainment options. Its adjacency to the Freemason Abbey Restaurant further enhances its desirability. The asking price is $1,200,000, translating to $243.65 per square foot. This represents a compelling investment opportunity with significant upside potential in a thriving urban setting. The property's versatile layout and prime location make it an ideal choice for discerning investors seeking a blend of income generation and personal use.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,185,000
- ML approach
- $1,145,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $930,000
- 6.5%
- $860,000
- 7%
- $800,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $869,000
Market price range: $521k - $1.28M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $810,000 Current use
- OFFICE BUILDING
- $970,000 Change: +20% Conversion: Easy
- AUTO REPAIR, GARAGE
- $950,000 Change: +17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk City
- State
- Virginia
- Longitude
- -76.2917
- Latitude
- 36.8516
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,098
$141,100
$362,300
$503,400
-
$141,100
$362,300
$503,400
