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Property profile & analytics
OFF-MARKET Estimated value $370,000
Turn key restaurants

626 Olney Rd Norfolk, VA 23507-2010

4,083 SF 0.21 ac lot Built 1906
Individually Owned 19-yr Hold ~ Est. High Equity
Property ID
US87-3360986
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1906
Total area 4,083 SF
Lot 0.21 ac (9,130 SF)
Zoning code HC-G2
APN 809538
UPID US87-3360986
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Press 626 Wine Bar Restaurant
  • Makeup Artist Studio Cosmetic Store
  • Koinonia Training and Consulting Consultant
  • Tesla Destination Charger Electric Vehicle Charging Station
  • Olney Chiro Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k
Owner & transaction history
Edward F Bennett · 19 yrs held
Edward F Bennett
since 2007
3 recorded transactions
2017
Price N/A
2016
Price N/A
2007
$750,000
Zoning & alternative use
HC-G2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(A) In the HC-G1, HC-G2 and HC-G3 districts, a minimum of one additional full private bathroom for each guest bedroom shall be provided; and (B) In all other zoning districts, a minimum of one additional full bathroom for every two guest bedrooms shall be provided; and (C) Bathrooms shall include a toilet, sink, bath or shower, and be compliant with the Buil…

Zone name Ghent Historic And Cultural Conservation
General category RESIDENTIAL
Zone area 55.53 ac
Source Adopted Zoning Ordinance
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