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Property profile & analytics
OFF-MARKET Estimated value $7,975,000
Parking lots & garages

520 Boissevain Ave Norfolk, VA 23507

0.25 ac lot
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US87-3347721
Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.25 ac (10,724 SF)
Zoning code HC-G2
APN 26710500
UPID US87-3347721
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
$7.48M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.98M
Owner & transaction history
Pelham Place Cgc LLC · 6 yrs held
Pelham Place Cgc LLC
since 2020
Last sale
$6.4M
2 recorded transactions
2025
Price N/A
2020
$6.4M
Zoning & alternative use
HC-G2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(A) In the HC-G1, HC-G2 and HC-G3 districts, a minimum of one additional full private bathroom for each guest bedroom shall be provided; and (B) In all other zoning districts, a minimum of one additional full bathroom for every two guest bedrooms shall be provided; and (C) Bathrooms shall include a toilet, sink, bath or shower, and be compliant with the Buil…

Zone name Ghent Historic And Cultural Conservation
General category RESIDENTIAL
Zone area 55.53 ac
Source Adopted Zoning Ordinance
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