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    Property profile & analytics

    716 Cecelia St Norfolk, VA 23504

    • Showrooms
    • 11,318 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    $1,770,000
    Last Sale
    Feb 28, 2024
    $1,800,000
    Location Intelligence
    Property ID
    US87-3374043
    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.

    Current Use by Public Records

    • Aplus Inc / Trucking Company

    Property Details for 716 Cecelia St

    Year built
    1951
    Lot size
    0.27 lot acres
    Property size
    11,318 SF
    Zone code
    I-1
    Property type
    Showrooms
    APN
    43558900
    APU
    43558900

    Description

    This exceptional 2,000 square foot flex space, located at 716 Cecelia St in Norfolk, Virginia, 23504, presents a unique opportunity for businesses seeking a versatile and functional workspace. The property boasts a flexible layout suitable for a variety of uses, encompassing both office and light industrial applications. The building comprises a single suite encompassing the entire 2,000 square feet, currently available for lease. The property sits on a 0.25-acre lot and includes a significant advantage: a fully fenced parking area, providing ample and secure parking for tenants and their clients. The zoning designation is I-L (Light Industrial), allowing for a broad range of permitted activities. This prime location in Norfolk offers easy access to major transportation routes and amenities, making it an ideal choice for businesses seeking a convenient and well-equipped space. The property is ready for immediate occupancy, offering a blank canvas for businesses to customize their workspace to meet their specific needs. Interested parties are encouraged to inquire further to explore this exceptional opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,800,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,655,000
      6.5%
      $1,615,000
      7%
      $1,780,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,675,000
      Geo Method
      $1,445,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,860,000
      Retail
      $1,675,000
      Mixed-Use
      $1,865,000
      Hospitality
      $1,740,000
      Educational
      $1,760,000
      Residential Income
      $1,740,000
      Energy
      $1,685,000
      Income-Based Land
      $1,565,000
      Food Service
      $1,905,000

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2732
    Latitude
    36.8493
    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
    $2,838
    $77,600
    $149,400
    $227,000
    -
    $77,600
    $149,400
    $227,000

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
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      9,848 SF

      601 20th St

      SHOW ROOM, WAREHOUSE • 9,848 SF
      601 20th St, Norfolk, VA 23504-2353
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    • Value Estimation
      $440,000
      9,450 SF

      1250 Bolton St

      SHOW ROOM, WAREHOUSE • 9,450 SF
      1250 Bolton St, Norfolk, VA 23504-2829
      View Details
    • Value Estimation by Request
      12,461 SF

      1206 Brambleton Ave

      SHOW ROOM, WAREHOUSE • 12,461 SF
      1206 Brambleton Ave, Norfolk, VA 23504
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    • Value Estimation
      $970,000
      15,070 SF

      3111 Virginia Bch Blvd

      SHOW ROOM, WAREHOUSE • 15,070 SF
      3111 Virginia Bch Blvd, Norfolk, VA 23504-4108
      View Details
    • Value Estimation
      $1,205,000
      2,952 SF

      419 20th St

      SHOW ROOM, WAREHOUSE • 2,952 SF
      419 20th St, Norfolk, VA 23504-2349
      View Details

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    Similar Nearby for Lease

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    Norfolk, VA 23504
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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