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Property profile & analytics
FOR SALE
Office buildings

251 Granby St Norfolk, VA 23510

10,440 SF 0.07 ac lot Built 1902
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US87-3349701
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1902
Total area 10,440 SF
Lot 0.07 ac (3,215 SF)
Zoning code D-3
APN 38036600
UPID US87-3349701
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
  • cinivahealth Physician
  • Spiritual Psychic Medium Readings Online Spiritual Center
  • Elysion Construction General Contractor
  • ConstructTech General Contractor
  • Tesseract Rentals, LLC Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.17M
CAP Approach CAP
$2.37M
Comparable Approach Comparable
$1.96M
Blend (final) Blend
$3.21M
Owner & transaction history
9610 Sherwood Pl LLC · 2 yrs held
9610 Sherwood Pl LLC
since 2023
Last sale
$3.2M
7 recorded transactions
2023
$3.2M
2023
$789,625
2021
Price N/A
2020
$1.2M
2020
$1.2M
2012
$765,000
2011
$1.5M
Zoning & alternative use
D-3 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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