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Property profile & analytics
FOR LEASE
Office buildings

400 W Olney Rd Norfolk, VA 23507

9,433 SF 0.43 ac lot Built 1979
Entity Owned 2-yr Hold Free & Clear
Property ID
US87-3367549
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 well-established and potentially adaptable layout. The property's classification as both retail and office suggests versatile usage options, making it suitable for a variety of businesses. The large square footage and convenient parking make this an attractive option for companies seeking a prominent presence in a vibrant and established neighborhood. The entire 2,500 square feet is vacant and ready for immediate occupancy, allowing for quick and efficient setup. This is a rare opportunity to secure a substantial, well-located office space in a highly sought-after area. Interested parties are encouraged to inquire promptly.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 9,433 SF
Lot 0.43 ac (18,744 SF)
Zoning code PDMU-4
APN 2427200
UPID US87-3367549
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
  • Acupuncture & Herbal Solutions Medical Clinic Alternative Medicine Practice
  • Troy's Duct Cleaning Crew HVAC Service General Contractor
  • FLOW Massage & Bodywork Alternative Medicine Practice Spa & Massage Center
  • Tidewater Integrated Movement Studios Gym & Fitness Center
  • Susan G. Sandage, LAC Alternative Medicine Practice Acupuncture
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.83M
Blend (final) Blend
$1.31M
Owner & transaction history
400 W Olney LLC · 2 yrs held
400 W Olney LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
PDMU-4 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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