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Property profile & analytics
OFF-MARKET Estimated value $1,195,000
Manufacturing properties

2713 Colley Ave Norfolk, VA 23517-1133

17,250 SF 0.49 ac lot Built 1921
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US87-3378415
Property summary
AI-generated overview

This exceptional 20,000 square foot traditional office building, located at 2713 Colley Avenue in Norfolk, Virginia (zip code 23517), presents a unique leasing opportunity. Currently, 10,000 square feet of office space is available for lease, offering significant potential for businesses seeking a prominent location. The building features a well-designed, traditional office layout, ideal for a variety of professional uses. The property boasts a strong retail presence, enhancing visibility and accessibility for tenants. One immediately available space totals 3,100 square feet, perfect for a smaller business or a department expansion. The building's multiple tenancy structure allows for flexibility and adaptability to suit diverse business needs. The property is situated in Norfolk, Virginia, offering convenient access to major transportation routes and a vibrant urban environment. This is an excellent opportunity to secure high-quality office space in a desirable location with a blend of traditional office functionality and retail visibility. The address is easily accessible and benefits from high foot traffic, making it an attractive option for businesses seeking both professional space and enhanced brand exposure. Interested parties are encouraged to inquire about lease terms and availability. The building's size and layout provide ample space for customization and expansion.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1921
Total area 17,250 SF
Lot 0.49 ac (21,127 SF)
Zoning code I-1
APN 661800
UPID US87-3378415
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
  • American Sheet Metal Corporation Production Facility Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$874k
Blend (final) Blend
$1.20M
Owner & transaction history
2713 Colley LLC A Virginia Limited · 11 yrs held
2713 Colley LLC A Virginia Limited
since 2015
2 recorded transactions
2022
Price N/A
2015
$320,000
Zoning & alternative use
I-1 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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