Entity Owned Property summary
This exceptional industrial property, located at 3321 E. Princess Anne Road in Norfolk, Virginia, offers a substantial 294,657 square feet of warehouse and distribution space. Currently, up to 193,771 square feet is available for lease, divisible into units ranging from 38,663 to 113,450 contiguous square feet. Built in 1959 and extensively renovated in 2022, the Class B building boasts impressive ceiling heights ranging from 21 to 24 feet and 36 feet in certain areas. The property features robust power capabilities with a 2000 Amp, 480 Volt system. Situated on a 12.24-acre lot, its strategic location within the Norfolk Industrial Park provides easy access to major transportation arteries and ports. The property is zoned BC-I (Business and Commerce Park - Industrial) and benefits from its location within an Enterprise Zone. This presents a unique opportunity for businesses seeking flexible, high-quality warehouse space in a prime Norfolk location. The property's size and layout offer significant adaptability for a variety of industrial and distribution needs. Contact us today to learn more about this exceptional opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Freight Service Logistics Company
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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