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Property profile & analytics
FOR LEASE
Office buildings

500 E Main St Norfolk, VA 23510

285,792 SF 0.52 ac lot Built 1972
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US87-3358657
Property summary
AI-generated overview

This exceptional four-story, 285,792 square foot traditional office building is located in Norfolk, Virginia's Central Business District at 500 E. Main Street. The property boasts a convenient, adjacent parking facility and an on-site café, offering unparalleled convenience for tenants and visitors. Its strategic location provides exceptional access to major transportation arteries, including I-264, the Midtown Tunnel, The Tide light rail, and the Elizabeth River Ferry, ensuring seamless commutes. The building's proximity to prestigious residential areas, diverse restaurants, hotels, and shopping centers enhances its appeal. Furthermore, its location just one block from the City of Norfolk Municipal Courts complex and within walking distance of the Federal Courthouse and the Virginia Port Authority offices provides significant advantages for businesses seeking proximity to government and maritime operations. Currently, there are three available office spaces ranging from 3,250 to 14,250 square feet, totaling 31,750 square feet of vacant space. This presents a unique opportunity for businesses seeking a prominent location in a thriving urban environment. The building's multiple tenancy structure offers flexibility for various business needs. This is a rare opportunity to secure office space in a highly desirable and well-connected location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1972
Total area 285,792 SF
Lot 0.52 ac (22,538 SF)
Zoning code D-2
APN 44737300
UPID US87-3358657
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
  • Goldblatt, Cohen & Legum, P.C. Law Firm
  • Tinkham Law Group Pc Law Firm
  • Sharon S. Goodwyn Law Firm
  • Virginia Injury Law Law Firm
  • Gregory N. Stillman Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.96M
Owner & transaction history
Rp Norfolk LLC · 9 yrs held
Rp Norfolk LLC
since 2016
7 recorded transactions
2016
$11.3M
2016
$6.4M
2013
Price N/A
2008
$495,000
2007
$498,919
2007
$1.2M
2007
$1.2M
Zoning & alternative use
D-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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