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Financial
Distress signals
Property profile

400 W Olney Rd Norfolk, VA 23507

FOR LEASE
Office buildings
Property ID
US87-3367549
9,433 SF 0.43 ac lot Built 1979
Last sale Oct 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 2,500 square foot executive office space is ideally situated in the desirable ODU/Ghent submarket at 400 W. Olney Road. The entire building, totaling 2,500 square feet, is currently available for lease, presenting a unique opportunity for a single tenant to occupy the entire space. Built in 1999, the property sits on a substantial 16,695 square foot lot and includes ample parking with 15 spaces available. The building is comprised of seven rental units, indicating a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$13k
Tax billed · 2024
Assessed value$1.05M
Assessed land$284k
Assessed improvement$771k
Effective rate1.25%

Value estimate

· Oct 2026
$1.31M
$1.18M – $1.44M
Submarket $/SF estimate$1.83M
NOI build-up
Gross scheduled income$30k
Vacancy & credit loss−$1k
Operating expenses−$9k
NOI · 165,600.00% cap applied$20k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$197/SF
Submarket average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$118 – $273
Qualifying comparables6

Cap rate analysis

How does the asset earn?
165,600.00%
$20k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PDMU-4
The East Beach PD-MU District is being established to foster the creation of a diverse, vibrant and flexible built environment based on t...
General categoryPLANNED_DEVELOPMENT
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store9.3
Shoe Repair8.7
Pet Grooming Service8.3

Location

400 W Olney Rd Norfolk, VA 23507
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

17 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
5 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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