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Property profile & analytics
OFF-MARKET Estimated value $765,000
Investment properties

358 Freemason St Norfolk, VA 23510-1296

5,758 SF 0.14 ac lot Built 1890
Entity Owned 6-yr Hold
Property ID
US87-3377828
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1890
Construction FRAME
Total area 5,758 SF
Lot 0.14 ac (6,159 SF)
Zoning code HC-WF1
APN 18695050
UPID US87-3377828
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
  • Haven at Freemason: Choosing Wellness Gym & Fitness Center Alternative Medicine Practice
  • Americana Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$775k
CAP Approach CAP
$935k
Comparable Approach Comparable
$916k
Blend (final) Blend
$765k
Owner & transaction history
358 At Freemason LLC · 6 yrs held
358 At Freemason LLC
since 2020
Last sale
$610,000
3 recorded transactions
2020
$610,000
2018
$650,000
2017
$415,000
Zoning & alternative use
HC-WF1 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(A) In the HC-WF1 and HC-WF2 districts, the maximum number of rooms shall be four. The principal building shall contain one full bathroom for the exclusive use of the employee and other members of the resident household. In addition: (A) In the HC-G1, HC-G2 and HC-G3 districts, a minimum of one additional full private bathroom for each guest bedroom shall be…

Zone name West Freemason Historic And Cultural Conservation
General category OPEN_SPACE
Zone area 14.31 ac
Source Adopted Zoning Ordinance
Top alternative use upside
Office building $1.1M +69.8%
Auto repair, garage $1.1M +66.7%
Retail stores $950,000 +42.0%
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