Property profile & analytics
251 Granby St Norfolk, VA 23510
- Office buildings
- 10,440 SF
- 0.07 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US87-3349701
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
- cinivahealth / Physician
- Spiritual Psychic Medium Readings Online / Spiritual Center
- Elysion Construction / General Contractor
- ConstructTech / General Contractor
- Tesseract Rentals, LLC / Vacation Rental / Real Estate Agency
Property Details for 251 Granby St
- Year built
- 1902
- Lot size
- 0.07 lot acres
- Property size
- 10,440 SF
- Zone code
- D-3
- Property type
- Office buildings
- APN
- 38036600
- APU
- 38036600
Description
This exceptional Class A office building, constructed in 1902 and boasting 11,000 square feet, offers a prime location in the heart of Downtown Norfolk. Currently featuring four suites, two are immediately available, totaling 2,782 square feet. The building's recent renovations include a completely updated lobby and common areas, creating a sophisticated and modern atmosphere perfect for discerning tenants. The property's zoning is D-MU (Downtown - Mixed Use), allowing for a variety of business uses. Its prominent position on Granby Street ensures excellent visibility and accessibility, while its proximity to numerous restaurants adds convenience. Tenants enjoy easy access to major highways and benefit from individual key-coded security access for enhanced safety and peace of mind. The building's architectural heritage blends seamlessly with contemporary upgrades, providing a unique and desirable workspace. This is an unparalleled opportunity to secure prestigious office space in a thriving downtown location. The building's multiple suite configuration offers flexibility for businesses of various sizes, from small executive offices to larger traditional office setups, even catering to creative office needs. The building's A-class designation reflects its high-quality construction, modern amenities, and prime location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,320,000
- ML approach
- $4,165,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,565,000
- 6.5%
- $2,370,000
- 7%
- $2,200,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,963,000
Market price range: $1.23M - $2.85M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,055,000 Current use
- AUTO REPAIR, GARAGE
- $2,020,000 Change: -2% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk City
- State
- Virginia
- Longitude
- -76.291
- Latitude
- 36.8495
- 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
$18,076
$208,800
$1,073,200
$1,282,000
-
$208,800
$1,073,200
$1,282,000
