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    Property profile & analytics

    3321 Princess Anne Rd Norfolk, VA 23502

    • Manufacturing properties
    • 180,600 SF
    • 13.49 lot acres
    For Lease
    View listing
    Value Estimation
    Last Sale
    Jul 02, 2024
    $34,897,500
    Location Intelligence
    Property ID
    US87-3418554
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Beckett Corp / Transportation Service

    Property Details for 3321 Princess Anne Rd

    Year built
    1959
    Lot size
    13.49 lot acres
    Property size
    180,600 SF
    Property type
    Manufacturing properties
    APN
    43444301
    APU
    43444301

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2463761
    Latitude
    36.8606336
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $186,716
    $3,290,300
    $11,647,000
    $14,937,300
    -
    $3,290,300
    $11,647,000
    $14,937,300

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      1140 Kingwood Ave, Norfolk, VA 23502-5603
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      294,657 SF

      Norfolk Industrial Warehouse Space

      Large warehouse, multiple spaces available, prime location.
      3321 Princess Anne Rd, Norfolk, VA 23502
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    3321 Princess Anne Rd
    Norfolk, VA 23502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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