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Property profile & analytics
OFF-MARKET Estimated value $2,085,000
Warehouses

3320 Tait Ter Norfolk, VA 23513-4428

39,263 SF 1.21 ac lot Built 1958
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US87-3389669
Property summary
AI-generated overview

This exceptional industrial warehouse property, located at 3320 Tait Terrace in Norfolk, Virginia, offers a prime opportunity for businesses seeking flexible and spacious warehouse solutions. The property boasts a total of 39,008 square feet, with multiple units available for lease, ranging from a minimum of 9,886 square feet to a maximum contiguous space of 16,978 square feet. Currently, 36,780 square feet is vacant and ready for immediate occupancy. Built in 1960, this warehouse features impressive ceiling heights ranging from 13'16" to 17'17", providing ample vertical storage capacity. The property sits on a 1.21-acre lot and offers convenient parking with 30 spaces available. The warehouse is equipped with 3-phase 120/208v 800 amp power, making it suitable for a variety of industrial uses. The property is zoned I-L (light industrial) within Norfolk County, Virginia, zip code 23513. This location offers excellent access to major transportation routes, ensuring efficient logistics and distribution. The property is ideal for businesses seeking a well-maintained, spacious, and strategically located warehouse in the heart of Norfolk. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional industrial space.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1958
Total area 39,263 SF
Lot 1.21 ac (52,838 SF)
Zoning code I-2
APN 31558905
UPID US87-3389669
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
Current use
Occupant on record · Public records
  • Marcella's Pizzeria & Family Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.45M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.03M
Blend (final) Blend
$2.09M
Owner & transaction history
Julian Terrace LLC · 3 yrs held
Julian Terrace LLC
since 2022
Last sale
$1.8M
2 recorded transactions
2022
$1.8M
2005
$795,000
Zoning & alternative use
I-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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