5900 Lake Wright Dr Norfolk, VA 23502
For Sale
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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.
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Breast Care Specialists PC Physician
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Carman Claire M MD Physician Hospital
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Foster Andrea L Medical Clinic
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Heather Jones, MD, PhD Physician
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Depanfilis Cara M Physician
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
O-1 · Norfolk, VACosts & 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.