301 W 24Th St Norfolk, VA 23517
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I-2 · Norfolk, VANorfolk. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.