Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

2618 Colley Ave Norfolk, VA 23517

OFF-MARKET
Retail space
Property ID
US87-3376907
6,408 SF 0.46 ac lot Built 1945
Last sale May 2025 · $1,075,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional free-standing flex building, totaling approximately 7,000 square feet, sits on a 0.46-acre lot and presents a unique investment opportunity. Built in 1945, the property features a single-tenant occupancy and offers a versatile layout ideal for a variety of businesses. The building comprises approximately 6,408 square feet of usable space, including approximately 3,468 square feet of conditioned office space. A notable feature is the approximately 1,000 square feet of bonus…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$9k
Tax billed · 2024
Assessed value$696k
Assessed land$420k
Assessed improvement$275k
Effective rate1.25%

Value estimate

· Oct 2026
$360k
$324k – $396k
CAP approach$1.12M
Submarket $/SF estimate$989k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$165/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$106 – $260

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store8.7
Shoe Repair8.7
Laundromat8.6

Location

2618 Colley Ave Norfolk, VA 23517-1132
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2515 Colley, Norfolk, VA 23517-1129 $829,000 Apr 2025 7,595 SF
117 21st, Norfolk, VA 23517-2246 $2,000,000 Apr 2023 5,472 SF
901 24th, Norfolk, VA 23517-1106 $4,000,000 Jan 2021 9,120 SF
2400 Colley, Norfolk, VA 23517-1128 $820,000 Dec 2020 9,932 SF
100 21st, Norfolk, VA 23517-2225 $800,000 Jul 2019 4,423 SF
312 24th, Norfolk, VA 23517-1306 $285,000 Mar 2019 3,388 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2618 Colley Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again