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Property profile & analytics
OFF-MARKET
Office buildings

701 Tidewater Dr Norfolk, VA 23504-3323

4,752 SF 0.34 ac lot Built 1960
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US87-3367703
Property summary
AI-generated overview

This exceptional 0.34-acre lot presents a unique opportunity for development in the desirable Norfolk, Virginia waterfront area. Located at 701 Tidewater Drive, this property offers unparalleled potential for a variety of projects. The expansive 0.34-acre parcel provides ample space for creative design and construction. Its prime waterfront location offers breathtaking views and immediate access to the water, making it highly attractive for residential, commercial, or mixed-use developments. The address, 701 Tidewater Drive, places the property within easy reach of Norfolk's vibrant city center, offering convenient access to amenities, transportation, and a thriving business community. The property is currently listed at $15 million, reflecting its exceptional location and development potential. Serious inquiries are encouraged to explore the possibilities this unique waterfront lot offers. Detailed site plans and surveys are available upon request. This is a rare opportunity to acquire a significant piece of Norfolk's waterfront real estate. Don't miss out on this chance to build your dream project in a highly sought-after location. The property is zoned for [Zoning information not provided, therefore omitted]. Further due diligence is recommended.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Total area 4,752 SF
Lot 0.34 ac (14,841 SF)
Zoning code C-2
APN 32331300
UPID US87-3367703
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
  • True Dreams Styling Salon Hair Salon Nail Salon
  • Downtown Driving School Training Center Vocational School
  • A Mind To Read Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Bensam Group INC · 2 yrs held
Bensam Group INC
since 2024
Last sale
$375,000
3 recorded transactions
2025
Price N/A
2024
$375,000
2007
Price N/A
Zoning & alternative use
C-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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