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Property profile & analytics
FOR LEASE
Showrooms
3440 Trant Ave, Norfolk, VA 23502
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-3381511
For Lease
1 / 2
$10 SF/Yr
3440 Trant Ave, Norfolk, VA 23502
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1974
Total area
89,502 SF
Lot
5.09 ac (221,677 SF)
Zoning code
I-3
APN
21963700
UPID
US87-3381511
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
-
J.B. Hunt Transport Services, Inc. Trucking Company
-
N B Handy & Co Construction Company General Contractor
-
Land 'N' Sea Distributing Inc Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.55M
CAP Approach
CAP
$14.56M
Comparable Approach
Comparable
$8.79M
Blend (final)
Blend
$11.73M
Owner & transaction history
V2 Norfolk Trant Ave LLC · 1 yrs held
V2 Norfolk Trant Ave LLC
since 2025
Last sale
$15,247
5 recorded transactions
Zoning & alternative use
I-3 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.6M
+84.7%
Auto repair, garage
$17.3M
+81.3%
Retail stores
$14.7M
+54.4%
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
Method
Estimation
Statistic approach
$12,995,000
ML approach
$10,545,000
CAP Approach
CAP Return
Estimation
6%
$15,775,000
6.5%
$14,560,000
7%
$13,520,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,545,000
Current use
OFFICE BUILDING
$17,625,000
Change: +85% · Conversion: Easy
AUTO REPAIR, GARAGE
$17,300,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$14,735,000
Change: +54% · Conversion: Easy
INDUSTRIAL (GENERAL)
$11,815,000
Change: +24% · Conversion: Moderate
WAREHOUSE, STORAGE
$9,750,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$11.73M
Range $10.55M – $12.90M · ±10% · vs last sale $15k (Jan 15 2025)
Last sale anchor
$15k
Jan 15 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$131 / SF
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 2024Property tax & assessments
Tax year 2024
Tax billed
$78,730
Tax year 2024
Assessed value
$6,298,400
Assessed 2024
Previous assessed
$6,153,800
+2.3% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,094,400
Assessed improvement
$5,204,000
Land market value
$1,094,400
Improvement market value
$5,204,000
Total market value
$6,298,400
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1974
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Total area
89,502 SF
Lot
5.09 ac (221,677 SF)
Zoning code
I-3
APN
21963700
UPID
US87-3381511
Jurisdiction
NORFOLK CITY
Zoning & alternative use
I-3 · Norfolk, VA
Zoning I-3 · permitted uses
I-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$9.5M
OFFICE BUILDING
Est. value
$17.6M
AUTO REPAIR, GARAGE
Est. value
$17.3M
RETAIL STORES
Est. value
$14.7M
INDUSTRIAL (GENERAL)
Est. value
$11.8M
WAREHOUSE, STORAGE
Est. value
$9.8M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
5.09 ac
Current owner
From public records · entity-resolved
V2 Norfolk Trant Ave LLC
Entity
Mailing address
67 MTN BLVD #201, WARREN, NJ 07059-5678
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2025
—
V2 Norfolk Trant Ave LLC
—
Deed
related
$48,700,000 · Webster Bank
Apr 15, 2025
$15,247
V2 Norfolk Trant Ave LLC
Norfolk Trant Ave LLC
Special Warranty Deed
—
Nov 3, 2022
$10,000,000
Norfolk Trant Avenue LLC
Oss Trant LLC
Special Warranty Deed
$8,100,000 · Jackson National Life Insurance Company
Sep 20, 2019
—
Oss Trant LLC
—
Deed
related
$2,684,841 · 3rd Party Individual
Dec 2, 2014
$4,550,000
Oss Trant LLC A Virginia Limited Li
Shippers Service Company A Virginia
Warranty Deed
$3,185,000 · Townebank
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.
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