2713 Colley Ave Norfolk, VA 23517-1133
- Manufacturing properties
- 17,250 SF
- 0.49 lot acres
Current Use by Public Records
- American Sheet Metal Corporation / Sheet Metal Contractor
Property Details for 2713 Colley Ave
- Year built
- 1921
- Lot size
- 0.49 lot acres
- Property size
- 17,250 SF
- Zone code
- I-1
- Property type
- Manufacturing properties
- APN
- 661800
- APU
- 661800
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $410,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $355,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $305,000
- Mixed-Use
- $400,000
- Hospitality
- $380,000
- Educational
- $335,000
- Residential Income
- $385,000
- Energy
- $355,000
- Income-Based Land
- $315,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk City
- State
- Virginia
- Longitude
- -76.2953
- Latitude
- 36.8756
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
