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Property profile & analytics
OFF-MARKET
Medical Office Space

3935 Princess Anne Rd Norfolk, VA 23502

2,748 SF 0.99 ac lot Built 1966
Entity Owned 1-yr Hold
Property ID
US87-3409475
Property summary
AI-generated overview

This exceptional 2,748 square foot, single-story office building presents a unique build-to-suit opportunity. Situated on a 0.99-acre lot at the signalized intersection of E Princess Anne Road and Azalea Garden Road in Norfolk, Virginia's bustling Norfolk Industrial Park, this property offers unparalleled visibility and accessibility. The building, constructed in 1966, features a convenient four-lane drive-thru, perfect for various businesses. With 29 surface parking spaces and excellent ingress/egress via four curb cuts, this location ensures ease of access for customers and employees. The property's zoning, BC-I (Business & Commerce Park), allows for a wide range of uses, including retail, restaurant, office, medical, and more. Benefit from high traffic counts (30,000 vehicles daily) and strong visibility enhanced by a pylon sign. The strategic location provides proximity to major roadways (I-64 and I-264), Norfolk State University, downtown Norfolk, Sentara Leigh Hospital, and Norfolk International Airport. This former bank branch is completely vacant and ready for your vision. The property's tax cost per square foot is $3.13. The building is classified as Class B. This is an ideal location for businesses seeking high visibility and convenient access in a thriving commercial area.

Property profile
Verified
Property type Medical Office Space
Year built 1966
Total area 2,748 SF
Lot 0.99 ac (43,124 SF)
UPID US87-3409475
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
  • BB&T Mortgage Loan Service Bank
  • Truist Financial Advisor
  • Truist Insurance Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Jpm Real Estate Va LLC · 1 yrs held
Jpm Real Estate Va LLC
since 2025
2 recorded transactions
2025
$950,000
2022
$690,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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