Property profile & analytics
5595 Raby Rd Norfolk, VA 23502
- Warehouses
- 29,119 SF
- 5.89 lot acres
For Lease
View listing
$9 SF/Yr
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US87-3367857
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
- Bearfight CrossFit / Gym & Fitness Center
- Office Furniture Outlet / Furniture & Home Goods
- East Front Cabinet Company / Hardware & Home Improvement / Furniture & Home Goods
- ElectroKlean / Commercial Cleaning Service
- The Desk Doctor / Furniture & Home Goods
Property Details for 5595 Raby Rd
- Year built
- 1964
- Lot size
- 5.89 lot acres
- Property size
- 29,119 SF
- Zone code
- I-2
- Property type
- Warehouses
- APN
- 25248800
- APU
- 25248800
Description
This exceptional 14,400-square-foot property at 5595 Raby Road in Norfolk, Virginia, presents a unique opportunity for a single tenant seeking a combined office and warehouse space. Situated on a generous 5.89-acre lot, the building boasts a flexible layout ideal for a variety of businesses. The space is currently entirely vacant, offering immediate occupancy. The building features a mix of executive office space and warehouse functionality, with ceiling heights ranging from 16 to 21 feet, providing ample vertical storage capacity. Two dock-high doors and one drive-in door ensure efficient loading and unloading of goods. Ample parking is available on-site to accommodate employees and visitors. The property is zoned I-L (Light Industrial), making it suitable for a range of industrial and office uses. The building is powered by single-phase electricity. Located in Norfolk County, Virginia, with a zip code of 23502, this property offers convenient access to major transportation routes and amenities. This is a rare opportunity to secure a substantial, versatile property in a prime location. The entire 14,400 square feet is available for lease. Contact us today to schedule a viewing.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,860,000
- 6.5%
- $3,565,000
- 7%
- $3,310,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,950,000
Market price range: $747k - $1.95M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $3,170,000 Current use
- INDUSTRIAL (GENERAL)
- $3,845,000 Change: +21% Conversion: Easy
- COMMERCIAL (GENERAL)
- $3,105,000 Change: -2% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk City
- State
- Virginia
- Longitude
- -76.2152
- Latitude
- 36.8577
- 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
$40,820
$1,628,100
$1,637,500
$3,265,600
-
$1,628,100
$1,637,500
$3,265,600
