3301 Colley Ave Norfolk, VA 23508
This exceptional 7,099 square foot creative office building, located at 3301 Colley Avenue in Norfolk, Virginia, presents a compelling investment opportunity. Priced at $1,100,000 ($154.95/SF), this single-story, 1962-constructed property sits on a 0.43-acre lot boasting 111 feet of frontage on Colley Avenue, complete with three convenient curb cuts. The building features numerous capital improvements, details of which are available upon request. A net-net-net (NNN) lease is currently in place, extending through December 31, 2026, providing immediate and consistent cash flow. The property's creative office subtype makes it ideal for a variety of businesses seeking a unique and adaptable workspace. Its prime location in Norfolk, Virginia, zip code 23508, offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-producing property with significant upside potential. Further details regarding the lease terms and capital improvements are available upon request. Serious inquiries only.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
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.