240 Corporate Blvd Norfolk, VA 23502
Property profile & analytics
240 Corporate Blvd, Norfolk, VA 23502
- Office buildings
- 94,027 SF
- 4.90 lot acres
Property ID
US87-3352052
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
- AtWork Personnel / Employment Agency
- First Lab / Medical Laboratory
- FHC Health Systems / Crisis Center / Medical Clinic
- J L Marshall & Associates Inc / Business Management Consultant
Property Details for 240 Corporate Blvd
- Year built
- 1989
- Lot size
- 4.90 lot acres
- Zone code
- O-1
- Property type
- Office buildings
- APN
- 36820230
- APU
- 36820230
Description
Riverside Corporate Center offers exceptional Class A office space in the heart of Hampton Roads, Virginia. This single, four-story building boasts 94,027 square feet situated on 4.9 acres of land, providing ample parking and convenient access. Built in 1989, the property features a multiple tenancy structure with flexible suite sizes ranging from 1,000 to 20,000 square feet, catering to diverse business needs. Its prime location at the intersection of I-64 and I-264 ensures effortless commuting for employees and clients. The property benefits from excellent public transportation access, with immediate proximity to The Tide Light Rail at Military Highway Station and an HRT bus stop conveniently located nearby. Businesses will appreciate the abundance of nearby amenities, including a variety of restaurants and retail options. Furthermore, the property's strategic location places it near the Military Circle Mall, currently undergoing a significant mixed-use redevelopment project, promising future growth and enhanced surrounding infrastructure. This presents a unique opportunity to establish a presence in a thriving and dynamic business environment. The building's modern design and convenient location make it an ideal choice for businesses seeking a prestigious and functional workspace. Contact us today to explore available spaces and learn more about this exceptional property.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $23,115,000
- 6.5%
- $21,335,000
- 7%
- $19,810,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $25,453,000
Market price range: $11.1M - $25.6M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $18,515,000 Current use
- AUTO REPAIR, GARAGE
- $18,175,000 Change: -2% Conversion: Difficult
- RETAIL STORES
- $15,480,000 Change: -16% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk City
- State
- Virginia
- Longitude
- -76.2118
- Latitude
- 36.8375
- 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
$177,103
$1,100,000
$13,068,200
$14,168,200
-
$1,100,000
$13,068,200
$14,168,200
