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Property profile & analytics
OFF-MARKET Estimated value $580,000
Warehouses

2712 Nevada Ave Norfolk, VA 23513-4413

6,840 SF 0.23 ac lot Built 1973
Entity Owned 4-yr Hold Free & Clear
Property ID
US87-3389668
Property summary
AI-generated overview

This exceptional 10,800-square-foot flex space in Norfolk, Virginia, presents a unique investment opportunity. The property, located at 2716 Nevada Ave, zip code 23513, is a two-story Class C industrial building constructed in 1973. The single-tenant building offers 3,600 square feet on the ground floor and an additional 1,890 square feet on the second floor, providing ample space for various business needs. The building features convenient access with two 14-foot front doors and a 14-foot rear door. The second floor boasts a dedicated forklift door for efficient material handling. Interior amenities include a sizable office area, two bathrooms, and a reception area. The high ceilings, measuring 16 feet, maximize vertical space. The property is zoned I2 and benefits from its strategic location in Norfolk, offering easy access to major highways and ports, making it ideal for businesses requiring efficient transportation links. While there are no elevators, the layout and features make this a highly functional and adaptable space. This property is perfect for businesses seeking a versatile and well-located industrial space in a thriving area.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1973
Total area 6,840 SF
Lot 0.23 ac (9,945 SF)
Zoning code I-2
APN 24391504
UPID US87-3389668
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
  • DC Design and Media Inc Auto Repair Shop
  • Automotive Service C A P Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$645k
CAP Approach CAP
by Request
Comparable Approach Comparable
$665k
Blend (final) Blend
$580k
Owner & transaction history
Dcdam Investments LLC · 4 yrs held
Dcdam Investments LLC
since 2021
Last sale
$495,000
2 recorded transactions
2022
Price N/A
2021
$495,000
Zoning & alternative use
I-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $905,000 +21.2%
Commercial (general) $795,000 +6.5%
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