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Property profile

301 Riverview Ave Norfolk, VA 23510

FOR LEASE
Medical Office Space
Property ID
US87-3346671
210,897 SF 2.12 ac lot Built 2009
Last sale Jul 2013 · $38,384,400
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Property summary

AI-generated overview

Sentara Fort Norfolk Plaza, a Class A, nine-story medical office building located at 301 Riverview Ave, Norfolk, VA 23510, offers exceptional opportunities for medical professionals. This multi-tenant building boasts a total of 196,205 square feet, with 25,619 square feet currently vacant. Spaces range from a minimum of 3,177 square feet to a maximum contiguous space of 12,965 square feet, providing flexibility for various practice sizes. The building's prime location in Norfolk, within…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$509k
Tax billed · 2024
Assessed value$40.70M
Assessed land$1.23M
Assessed improvement$39.47M
Effective rate1.25%

Value estimate

· Oct 2026
$18.43M
$16.59M – $20.27M
Submarket $/SF estimate$17.31M
NOI build-up
Gross scheduled income$264k
Vacancy & credit loss−$17k
Operating expenses−$99k
NOI · 502,972.88% cap applied$148k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
502,972.88%
$148k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IN-2
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop19.9
Building Supply19.0
Wholesale Shop14.9

Location

301 Riverview Ave Norfolk, VA 23510
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 15 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
130 York, Norfolk, VA 23510-2007 $400,000 May 2021 3,706 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
4 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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