5900 Lake Wright Dr Norfolk, VA 23502
Property Lookup
Property profile & analytics
5900 Lake Wright Dr Norfolk, VA 23502
- Medical Office Space
- 70,681 SF
- 6.58 lot acres
Property ID
US87-3367538
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.
Location Intelligence
Current Use by Public Records
- Breast Care Specialists PC / Physician
- Carman Claire M MD / Physician / Hospital
- Foster Andrea L / Medical Clinic
- Heather Jones, MD, PhD / Physician
- Depanfilis Cara M / Physician
Property Details for 5900 Lake Wright Dr
- Year built
- 2004
- Lot size
- 6.58 lot acres
- Property size
- 70,681 SF
- Zone code
- O-1
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 80987625
- APU
- 80987625
Description
This exceptional Class A medical office building, known as Silver Oak, presents a compelling investment opportunity at $10,900,000. Boasting 80,730 square feet of space, the building commands a price per square foot of $135.02. Strategically located in Norfolk, Virginia, at 5900 Lake Wright Dr, 23502, Silver Oak enjoys a prime position within the Hampton Roads area. Its campus-style setting offers unparalleled amenities and convenient access to Interstate 64, with access ramps less than a mile away. The building benefits from high visibility from I-64, ensuring excellent exposure. Its location provides easy access to key amenities, including proximity to the Norfolk Premium Outlets and Norfolk International Airport (within two miles), the Virginia Beach Oceanfront (sixteen miles), and Downtown Norfolk (seven miles). All three floors offer exceptional visibility, making this a highly desirable location for medical practices seeking a prestigious and accessible address. The property is situated on the east side of Lake Wright Drive, northeast of USAA Drive, offering convenient access via Lake Wright Drive and Military Highway or USAA Drive and Northampton Boulevard. This presents a rare opportunity to acquire a high-quality, well-located medical office building in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $23,650,000
- ML approach
- $11,910,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $13,480,000
- 6.5%
- $12,445,000
- 7%
- $11,555,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk City
- State
- Virginia
- Longitude
- -76.205
- Latitude
- 36.8781
- 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
$113,416
$2,682,300
$6,391,000
$9,073,300
-
$2,682,300
$6,391,000
$9,073,300
