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Property profile & analytics
FOR LEASE
Manufacturing properties

301 W 24Th St Norfolk, VA 23517

35,580 SF 1.68 ac lot Built 1946
Entity Owned Absentee Owner Free & Clear
Property ID
US87-3350201
Property summary
AI-generated overview

This exceptional industrial warehouse property, located at 301 W 24th Street in Norfolk, Virginia, offers 25,707 square feet of versatile space. The property is zoned I-L and features a single suite within the building. The warehouse boasts a 14-foot ceiling height, providing ample vertical storage capacity. Two loading docks ensure efficient loading and unloading operations. The property is served by robust 3-phase, 400-amp power. Situated on a 1.66-acre lot, this property offers significant potential for various industrial uses. Its strategic location within the Norfolk Railroad District provides excellent access to transportation networks. The property enjoys proximity to several key attractions and amenities, including the annual Brew Hop, Chrysler Museum (1.2 miles), Harbor Park Stadium (2.8 miles), and various bus stops within walking distance. Furthermore, it's conveniently located near the Ferry Stop - Waterside (2.0 miles), Midtown Tunnel (1.8 miles), and Downtown Tunnel (2.4 miles). The area boasts a walk score of 91 and a transit score of 43, indicating a high level of walkability and access to public transportation. This property presents a unique opportunity for businesses seeking a well-located and functional warehouse space in a vibrant urban setting. The property's size, features, and location make it an ideal choice for a variety of industrial operations.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1946
Total area 35,580 SF
Lot 1.68 ac (73,268 SF)
Zoning code I-2
APN 18078800
UPID US87-3350201
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.59M
Comparable Approach Comparable
$4.62M
Blend (final) Blend
$3.50M
Owner & transaction history
NORTHBROOK PROPERTIES INC
NORTHBROOK PROPERTIES INC
Zoning & alternative use
I-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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