Technical
Financial
Distress signals
Property profile

4013 Colley Ave Norfolk, VA 23508

OFF-MARKET
Investment properties
Property ID
US87-3370003
9,259 SF 0.3 ac lot Built 2019
Entity Owned 8-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional office space, located at 4013 Colley Ave in Norfolk, Virginia, presents a fantastic opportunity for a small business or individual professional seeking a convenient and efficient workspace. The property is classified as a traditional office building with multiple tenancies, ensuring a vibrant and collaborative environment. The available space ranges from 80 to 85 square feet, ideal for a single professional or a very small team. The address is situated in the desirable 23508 zip code of Norfolk, offering easy access to local amenities, transportation networks, and other key business infrastructure. This listing specifically highlights one available office space within a larger building, providing a cost-effective solution for those seeking a professional office presence without the overhead of a larger lease. The property type is explicitly defined as a traditional office, suggesting a classic and functional layout. The precise dimensions of the available space fall within the 80-85 square foot range, making it suitable for a variety of uses. This presents a unique opportunity to establish a professional presence in a prime Norfolk location at a highly competitive size and price point. Interested parties are encouraged to inquire promptly to secure this exceptional space.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2019
Total area 9,259 SF
Lot 0.3 ac (13,038 SF)
APN 11051706
UPID US87-3370003

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

4013 Colley Ave Norfolk, VA 23508-2601
Norfolk metro Census 2600 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.51M
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$1.42M

Owner & transaction history

since 2018
2 recorded transactions
2023
Price N/A
2018
$387,500

Zoning & alternative use

Top alternative use upside
Office building $1.8M +69.8%
Auto repair, garage $1.8M +66.7%
Retail stores $1.5M +42.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4013 Colley Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message