Realmo Analytics

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Financial
Distress signals
Property profile

6170 Cleveland St Norfolk, VA 23502

FOR LEASE
Medical Office Space
Property ID
US87-3373108
6,272 SF 0.86 ac lot Built 2008
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$13k
Tax billed · 2024
Assessed value$1.05M
Assessed land$225k
Assessed improvement$822k
Effective rate1.25%

Value estimate

· Oct 2026
$400k
$360k – $440k
AI approach$355k
NOI build-up
Gross scheduled income$128k
Vacancy & credit loss−$8k
Operating expenses−$48k
NOI · 404,388.73% cap applied$72k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
404,388.73%
$72k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply20.3
Realty agency20.1
Wholesale Shop16.6

Location

6170 Cleveland St Norfolk, VA 23502
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 15 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5630 Lowery, Norfolk, VA 23502-2233 $3,400,000 Feb 2026 16,130 SF
5900 Lk Wright, Norfolk, VA 23502-1871 $19,400,000 Oct 2021 70,681 SF
5665 Lowery, Norfolk, VA 23502-2245 $2,000,000 Jan 2020 14,914 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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