Property profile

313 Bute St Norfolk, VA 23510

OFF-MARKET
Turn key restaurants
Property ID
US87-3346965
2,283 SF 0.11 ac lot Built 1890
Individually Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1890
Total area 2,283 SF
Lot 0.11 ac (4,988 SF)
Zoning code HC-WF1
APN 2732431
UPID US87-3346965

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

313 Bute St Norfolk, VA 23510-1301
Norfolk metro Census 4900 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

Zoning & alternative use

HC-WF1 · Norfolk, VA
Zoning description

(A) In the HC-WF1 and HC-WF2 districts, the maximum number of rooms shall be four. The principal building shall contain one full bathroom for the exclusive use of the employee and other members of the resident household.…

General category OPEN_SPACE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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