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Financial
Distress signals
Property profile

4545 Patent Rd Norfolk, VA 23502

OFF-MARKET
Manufacturing properties
Property ID
US87-3401576
62,287 SF 11.26 ac lot Built 1980
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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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?
$89k
Tax billed · 2024
Assessed value$7.09M
Assessed land$3.12M
Assessed improvement$3.97M
Effective rate1.25%

Value estimate

· Oct 2026
$8.11M
$7.30M – $8.92M
CAP approach$6.28M
Submarket $/SF estimate$9.51M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$132/SF
Submarket average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$80 – $223

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BC-2
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency24.4
Law Firm24.0
Dental Office22.8

Location

4545 Patent Rd Norfolk, VA 23502-5604
County assessor Recorded deeds · not on file Qualifying comp sales · not on file 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

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3321 Princess Anne, Norfolk, VA 23502-1502 $34,897,500 Jul 2024 180,600 SF
941 Norfolk Sq, Norfolk, VA 23502-3211 $775,000 Apr 2023 No data
1550 Azalea Gdn, Norfolk, VA 23502-1628 $177,000 Mar 2023 2,847 SF
100 Military, Norfolk, VA 23502-5229 $1,465,000 Apr 2022 4,992 SF
3435 Mangrove, Norfolk, VA 23502-3112 $499,000 Dec 2019 8,750 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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