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Property profile & analytics
OFF-MARKET Estimated value $695,000
Retail space

410 21st St Norfolk, VA 23517-2115

2,880 SF 0.13 ac lot Built 1946
Entity Owned 2-yr Hold Free & Clear
Property ID
US87-3370192
Property summary
AI-generated overview

This exceptional single-tenant retail property, located at 410 W 21st St, Norfolk, Virginia 23517, offers 2,870 square feet of versatile commercial space. Built in 1970, this one-story building is situated in a C-2 zoned area and features ample parking with 11 spaces available. The property's convenient location on W 21st Street provides excellent visibility and accessibility for customers. Ideal for a variety of retail businesses, this property presents a unique opportunity for entrepreneurs and established businesses alike. The single-tenancy aspect offers streamlined management and control. The absence of elevators is noted, reflecting the single-story design. This property is a solid investment opportunity in a thriving Norfolk location. The building's age and single-story construction contribute to its character and potential for customization. With its convenient parking and prime location, this retail space is poised for success. Serious inquiries are encouraged to explore the potential of this well-positioned commercial property. The property's address is easily accessible via the cross street, W 21st Street, and its zip code is 23517.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1946
Total area 2,880 SF
Lot 0.13 ac (5,641 SF)
Zoning code C-2
APN 44736100
UPID US87-3370192
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$895k
CAP Approach CAP
$505k
Comparable Approach Comparable
$417k
Blend (final) Blend
$695k
Owner & transaction history
410 W 21st LLC · 2 yrs held
410 W 21st LLC
since 2023
Last sale
$700,000
2 recorded transactions
2023
$700,000
2022
Price N/A
Zoning & alternative use
C-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $565,000 +19.6%
Auto repair, garage $555,000 +17.4%
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