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    Property profile & analytics

    5423 Henneman Dr Norfolk, VA 23513-2439

    • Office buildings
    • 7,930 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimation
    $1,000,000
    Last Sale
    Sep 30, 2021
    $822,000
    Location Intelligence
    Property ID
    US87-3390655
    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

    • Jeffrey Hammaker , PC / Attorney
    • Premier Construction Management / Home Builder
    • John A Steer Inc / Freight Forwarding Service

    Property Details for 5423 Henneman Dr

    Year built
    1987
    Lot size
    0.72 lot acres
    Property size
    7,930 SF
    Zone code
    BC-1
    Property type
    Office buildings
    APN
    35478700
    APU
    35478700

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $970,000
      6.5%
      $1,055,000
      7%
      $1,000,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,015,000
      Geo Method
      $1,025,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $935,000
      Retail
      $955,000
      Mixed-Use
      $920,000
      Hospitality
      $910,000
      Educational
      $815,000
      Residential Income
      $1,055,000
      Energy
      $1,000,000
      Income-Based Land
      $1,050,000
      Food Service
      $870,000

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2174
    Latitude
    36.8776
    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
    $10,079
    $218,700
    $587,600
    $806,300
    -
    $218,700
    $587,600
    $806,300

    Comparable in this City

    • Value Estimation by Request
      75,076 SF

      7421 Central Business Park Dr

      OFFICE BUILDING • 75,076 SF
      7421 Central Business Park Dr, Norfolk, VA 23513-2800
      View Details
    • Value Estimation by Request
      44,093 SF

      2550 Ellsmere Ave

      OFFICE BUILDING • 44,093 SF
      2550 Ellsmere Ave, Norfolk, VA 23513-2413
      View Details
    • Value Estimation
      $14,385,000
      89,350 SF

      2551 Eltham Ave

      OFFICE BUILDING • 89,350 SF
      2551 Eltham Ave, Norfolk, VA 23513-2505
      View Details
    • Value Estimation by Request
      57,542 SF

      2600 Eltham Ave

      OFFICE BUILDING • 57,542 SF
      2600 Eltham Ave, Norfolk, VA 23513-2504
      View Details
    • Value Estimation
      $21,225,000
      130,556 SF

      5301 Robin Hood Rd

      OFFICE BUILDING • 130,556 SF
      5301 Robin Hood Rd, Norfolk, VA 23513-2419
      View Details
    • Value Estimation
      $395,000
      3,470 SF

      7830 Jernigan Ave

      OFFICE BUILDING • 3,470 SF
      7830 Jernigan Ave, Norfolk, VA 23513-4612
      View Details

    Similar Nearby for Sale

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      9,991 SF

      Two-Story Office Building For Sale

      Two-story office building with marquee signage and excellent access.
      5445 Henneman Dr, Norfolk, VA 23513
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    • $499,000
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      9,600 SF warehouse with enclosed truck court for sale.
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    • Contact for pricing

      Norfolk Industrial Property: Land & Building

      2,000 SF Flex/Warehouse; Prime Norfolk Location
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      Norfolk Land and Farms Lot

      Land lot for sale in Norfolk, Virginia.
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    Similar Nearby for Lease

    • Contact for pricing
      13,403 SF

      Norfolk Office Space For Rent

      Office space for rent with ample parking and loading.
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      View Details
    • $9 SF/Yr
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      Norfolk Office Space For Rent

      6,880 square foot office space available for lease.
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    • $18 SF/Yr
      7,632 SF

      Norfolk Office/Flex Building For Rent

      Attractive office/flex building near Norfolk International Airport.
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      View Details
    • $13 SF/Yr
      8,500 SF

      Norfolk Commerce Park Office Space

      Office/flex space in Norfolk Commerce Park, near airport.
      2600 Eltham Ave, Norfolk, VA 23513
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    • $16 SF/Yr
      3,064 SF

      Norfolk Flex Space Available

      Flex space in Norfolk with dock and grade loading.
      7421 Central Business Park Dr, Norfolk, VA 23513
      View Details
    • Contact for pricing
      2,332 SF

      Norfolk Flex Space For Rent

      Single-story flex space with dock and grade loading access.
      2551 Eltham Ave, Norfolk, VA 23513
      View Details
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    Norfolk, VA 23513-2439
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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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