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Property profile & analytics
FOR LEASE
Showrooms

220 W 25Th St Norfolk, VA 23517

7,110 SF 0.3 ac lot Built 1955
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US87-3367771
Property summary
AI-generated overview

This exceptional Norfolk, VA property at 220 W 25th St offers 12,180 square feet of versatile space, perfect for a variety of retail and warehouse uses. Currently, 8,622 square feet are immediately available, divisible into units as small as 2,800 square feet, with a maximum contiguous space of 8,622 square feet. The single-story building, constructed in 1954, sits on a 0.44-acre lot and features multiple tenancy options. Its prime location in the Norfolk Railroad District places it amongst thriving businesses, including The Fishin Pig, Rip Rap Brewery, Coalescence Coffee Company, and Union Taco, ensuring high visibility and foot traffic. The property's adaptable layout makes it ideal for businesses seeking a blend of retail storefront and warehouse storage, or for multiple tenants seeking smaller, efficient spaces. This is a rare opportunity to secure a well-located, established property in a vibrant and growing area of Norfolk. The property's size and layout offer significant flexibility for a range of business needs, making it an attractive investment for both established businesses and new ventures. Don't miss this chance to establish your business in this dynamic location. Contact us today to learn more about leasing opportunities.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1955
Total area 7,110 SF
Lot 0.3 ac (13,125 SF)
Zoning code I-1
APN 26709000
UPID US87-3367771
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
  • Pro's Auto Repair Auto Repair Shop
  • Midway Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k
Owner & transaction history
Jem Development · 4 yrs held
Jem Development
since 2022
4 recorded transactions
2023
Price N/A
2022
$850,000
2022
Price N/A
2018
$300,000
Zoning & alternative use
I-1 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Adopted Zoning Ordinance
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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