5301 E Princess Anne Rd Norfolk, VA 23502
For Lease
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This exceptional 27,488-square-foot flex space at 5301 E. Princess Anne Road in Norfolk, Virginia, presents a unique opportunity for a variety of businesses. The single-story, Class C building, constructed in 1960, sits on a 2.3-acre lot and offers a versatile layout previously used as a trade school. The property features adaptable spaces suitable for office, institutional, warehousing, or professional service operations. Existing administrative and classroom areas are available, providing immediate functionality. The warehouse area boasts a significant 19'6" ceiling height and includes one 12' x 12' roll-up door for convenient loading and unloading. Ample parking is provided with 165 spaces. The property is zoned C-C (Community Commercial) and is conveniently located within the Norfolk Industrial Park submarket, just 1.5 miles from I-64 and a short 2-mile drive to the Norfolk Premium Outlets and Ikea, ensuring excellent accessibility and visibility. The building features a 17'6" ceiling height in the office areas. This property offers a compelling combination of space, location, and adaptability, making it an attractive option for businesses seeking a functional and strategically positioned location in Norfolk.
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Top Tier Solar Solutions Solar Energy Company
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Cox Hampton Roads Telecommunications Service
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Employment Services Inc Employment Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Norfolk, VANorfolk. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.