2618 Colley Ave Norfolk, VA 23517-1132
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 space located on the second floor of the office area, providing additional flexibility and potential for expansion. The warehouse space encompasses approximately 1,690 square feet of conditioned area and an additional 1,250 square feet of unconditioned space. Loading and unloading are facilitated by three overhead doors – one measuring 8' x 8' and two powered doors sized 9'H x 12'W, allowing for convenient drive-through access. The warehouse boasts an impressive 11-foot clear height. Security is enhanced by Hercules fencing with keypad access, ensuring peace of mind for the tenant. This property offers a blend of office and warehouse space, making it suitable for a wide range of industrial and commercial uses. Its convenient location and functional design make it an attractive option for businesses seeking a well-maintained and versatile space. The property's size and features make it a compelling investment opportunity in a desirable market.
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Osage of Virginia General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Norfolk, VANorfolk. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.