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Property profile & analytics
FOR LEASE
Manufacturing properties
3321 E Princess Anne Rd Norfolk, VA 23502
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-0602678
For Lease
1 / 40
$9.95 SF/Yr
3321 E Princess Anne Rd, Norfolk, VA 23502
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1959
Total area
180,600 SF
Lot
12.24 ac (533,044 SF)
Zoning code
BC-2
APN
43444300
UPID
US87-0602678
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
-
Beckett Corp Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Norfolk Princess Anne LLC · 2 yrs held
Norfolk Princess Anne LLC
since 2024
Last sale
$34.9M
4 recorded transactions
Zoning & alternative use
BC-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$177,705
Tax year 2023
Assessed value
$14,216,400
Assessed 2023
Previous assessed
$11,344,600
+25.3% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,993,000
Assessed improvement
$11,223,400
Land market value
$2,993,000
Improvement market value
$11,223,400
Total market value
$14,216,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1959
Heating
SPACE
Cooling
YES
Buildings
3
Stories
1
Total area
180,600 SF
Lot
12.24 ac (533,044 SF)
Zoning code
BC-2
APN
43444300
UPID
US87-0602678
Jurisdiction
NORFOLK CITY
Zoning & alternative use
BC-2 · Norfolk, VA
Zoning BC-2 · permitted uses
BC-2 · Norfolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norfolk. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Lot
12.24 ac
Current owner
From public records · entity-resolved
Norfolk Princess Anne LLC
Entity
Mailing address
1719 51ST ST, BROOKLYN, NY 11204-1508
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
$34,897,500
Norfolk Princess Anne LLC
3321 Princess LLC
Special Warranty Deed
$7,000,000 · Five Points Bank
May 8, 2023
$220,000
3321 Princess LLC
City Of Norfolk
Quit Claim Deed
related
—
Feb 27, 2020
—
3321 Princess LLC
—
Deed
related
$6,722,900 · Bank Of America NA
Dec 26, 2018
$2,500,000
3321 Princess LLC
3321 Relty Corp
Special Warranty Deed
$200,000 · Bank Of America NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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