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    Property profile & analytics

    2640 Arkansas Ave Norfolk, VA 23513-4402

    • Manufacturing properties
    • 6,997 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Last Sale
    Jul 09, 2021
    $325,000
    Location Intelligence
    Property ID
    US87-3385054
    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

    • Signet Signs / Sign Shop

    Property Details for 2640 Arkansas Ave

    Year built
    1966
    Lot size
    0.15 lot acres
    Property size
    6,997 SF
    Zone code
    I-2
    Property type
    Manufacturing properties
    APN
    37681600
    APU
    37681600

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2481
    Latitude
    36.8708
    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
    $3,295
    $40,300
    $223,300
    $263,600
    -
    $40,300
    $223,300
    $263,600

    Comparable in this City

    • Value Estimation
      $425,000
      6,898 SF

      3430 Azalea Gdn Rd

      MANUFACTURING (LIGHT) • 6,898 SF
      3430 Azalea Gdn Rd, Norfolk, VA 23513-4902
      View Details
    • Value Estimation
      $425,000
      2,730 SF

      3147 Azalea Gdn Rd

      MANUFACTURING (LIGHT) • 2,730 SF
      3147 Azalea Gdn Rd, Norfolk, VA 23513-2303
      View Details
    • Value Estimation
      $250,000
      5,243 SF

      2612 Florida Ave

      MANUFACTURING (LIGHT) • 5,243 SF
      2612 Florida Ave, Norfolk, VA 23513
      View Details
    • Value Estimation by Request
      3,888 SF

      2444 Alabama Ave

      MANUFACTURING (LIGHT) • 3,888 SF
      2444 Alabama Ave, Norfolk, VA 23513-4502
      View Details
    • Value Estimation
      $395,000
      3,974 SF

      3408 Azalea Gdn Rd

      MANUFACTURING (LIGHT) • 3,974 SF
      3408 Azalea Gdn Rd, Norfolk, VA 23513-4902
      View Details
    • Value Estimation
      $1,900,000
      23,993 SF

      3411 Amherst St

      MANUFACTURING (LIGHT) • 23,993 SF
      3411 Amherst St, Norfolk, VA 23513-4057
      View Details

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    2640 Arkansas Ave
    Norfolk, VA 23513-4402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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