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    Property profile & analytics

    4916 Colley Ave Norfolk, VA 23508-2038

    • Retail space
    • 2,158 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Last Sale
    Feb 20, 2020
    Location Intelligence
    Property ID
    US87-3376507
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Farmers Insurance - Kenneth Blankenship / Insurance Agency / Auto Insurance Agency
    • ONE Environmental Group / Environmental Consultant
    • Grand Co Jewels / Jeweler

    Property Details for 4916 Colley Ave

    Year built
    1949
    Lot size
    0.06 lot acres
    Property size
    2,158 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    3889010
    APU
    3889010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $425,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $440,000
      Retail
      $540,000
      Mixed-Use
      $420,000
      Hospitality
      $460,000
      Educational
      $445,000
      Residential Income
      $400,000
      Energy
      $425,000
      Income-Based Land
      $475,000
      Food Service
      $510,000

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2949
    Latitude
    36.8886
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,100
    $58,000
    $110,000
    $168,000
    -
    $58,000
    $110,000
    $168,000

    Comparable in this City

    • Value Estimation
      $345,000
      2,560 SF

      5109 Colley Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,560 SF
      5109 Colley Ave, Norfolk, VA 23508-2041
      View Details
    • Value Estimation
      $410,000
      2,896 SF

      5115 Colley Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,896 SF
      5115 Colley Ave, Norfolk, VA 23508-2041
      View Details
    • Value Estimation
      $220,000
      1,846 SF

      4914 Colley Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,846 SF
      4914 Colley Ave, Norfolk, VA 23508-2038
      View Details
    • Value Estimation by Request
      1,253 SF

      4816 Colley Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,253 SF
      4816 Colley Ave, Norfolk, VA 23508-2037
      View Details
    • Value Estimation
      $1,080,000
      8,690 SF

      3400 Colley Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,690 SF
      3400 Colley Ave, Norfolk, VA 23508-3018
      View Details
    • Value Estimation
      $4,145,000
      4,860 SF

      1074 47th St

      RETAIL STORES (PERSONAL SERVICES) • 4,860 SF
      1074 47th St, Norfolk, VA 23508-1910
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      4,397 SF

      Retail Space in Growing Area

      Up-and-coming retail site near naval base and university.
      1215 W 25Th St, Norfolk, VA 23508
      View Details
    • $16 SF/Yr
      6,100 SF

      Retail Space on Colley Avenue

      Retail space available for lease on Colley Avenue.
      3800 Colley Ave, Norfolk, VA 23508
      View Details
    • Contact for pricing
      3,558 SF

      Retail Space Near Old Dominion

      Retail spaces available in vibrant mixed-use development near university.
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      View Details
    • Contact for pricing
      120,000 SF

      Railyard at Lambert's Point Retail

      Ghent, Norfolk retail space available
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      View Details
    • $14 SF/Yr
      2,900 SF

      Norfolk Office Space For Rent

      Office space available for lease in Norfolk, Virginia.
      4200-4210 Colley Ave, Norfolk, VA 23508
      View Details
    • $14 SF/Yr
      28,840 SF

      Norfolk Office Space for Lease

      Prime Ghent location, 28,840 sq ft.
      4200 Colley Ave, Norfolk, VA 23508
      View Details
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    4916 Colley Ave
    Norfolk, VA 23508-2038
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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