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    Property profile & analytics

    3330 Ocean View Ave Norfolk, VA 23518

    • Commercial real estate
    • 0.90 lot acres
    For Sale
    View listing
    $2,920,000
    Value Estimation
    Location Intelligence
    Property ID
    US87-3374609
    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

    • Commercial real estate

    Property Details for 3330 Ocean View Ave

    Lot size
    0.90 lot acres
    Property type
    Commercial real estate
    APN
    41518175

    Description

    This exceptional 0.9-acre farm property in Norfolk, Virginia, presents a unique development opportunity. Located at 3330 E Ocean View Ave, zip code 23518, this land boasts a prime location on the Chesapeake Bay. The property is zoned R-12, offering flexibility for potential development plans. The lot size is approximately 0.9 acres, with the APN listed as 41518175. While the marketing materials mention a subdivision into multiple lots, the current listing reflects the property as a single 0.9-acre parcel. The asking price for this coastal gem is $2,920,000. Water lines and meters are already in place, simplifying future development. This location offers unparalleled access to the Chesapeake Bay, providing a tranquil setting for a variety of potential projects. The property's proximity to the water and its R-12 zoning make it an attractive investment for those seeking a coastal development venture. Detailed plat maps are available upon request. This is a rare opportunity to acquire a significant piece of waterfront property in a desirable location.

    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
    -76.2012645
    Latitude
    36.9323299

    Comparable in this City

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      Armored waterfront lot suitable for single-family coastal house.
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    • $599,000
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      Two-Story Office Building For Sale

      Two-story office building with excellent visibility and ample parking.
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    Similar Nearby for Sale

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      Commercial Land on Little Creek

      Commercial land with high traffic and signalized access.
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    • $725,000

      Ready-to-Develop Lot in Prime Location

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      23518 20 Ave, Norfolk, VA 23518
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    • $559,000
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      Waterfront Lot in Norfolk, VA

      Armored waterfront lot suitable for single-family coastal house.
      9719 21St Bay St, Norfolk, VA 23518
      View Details
    • New
      $525,000
      0.22 Acres

      Waterfront Lot in Bay Breeze

      Buildable waterfront lot with private bulkhead and Little Creek views.
      9622 Bay Point Dr, Norfolk, VA 23518
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    • $1,300,000
      4,862 SF

      Norfolk Retail Bank Building

      Prime Norfolk location, 4,862 SF, 1.23 acres
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    Similar Nearby for Lease

    • $16 SF/Yr
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      Norfolk Retail Property: Prime Location

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      Norfolk Retail Center: Spaces Available
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      Retail Space Available For Rent

      Retail space available for lease in Norfolk, Virginia.
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    • $13 SF/Yr
      9,363 SF

      Prime Norfolk Retail Space

      9,363 SF Vacant Retail Building
      1101 Little Creek Rd, Norfolk, VA 23518
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    • Contact for pricing
      1,068 SF

      Office Space with Flexible Terms

      Office space for rent with flexible lease terms and rates.
      1500 Little Creek Rd, Norfolk, VA 23518
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    • $1.78 SF/Yr
      3,200 SF

      Office Space with Ample Parking

      Office spaces for lease, conveniently located near amenities.
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    3330 Ocean View Ave
    Norfolk, VA 23518
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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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