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Property profile & analytics
OFF-MARKET Estimated value $625,000
Investment properties

735 Granby St Norfolk, VA 23510-2001

6,200 SF 0.07 ac lot Built 1917
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US87-3358686
Property summary
AI-generated overview

This exceptional 6,200 square foot storefront property, located at 735 Granby Street in the heart of downtown Norfolk, Virginia, presents a compelling investment opportunity. The two-story brick building offers a substantial amount of retail space, perfect for a variety of businesses. With a total square footage of 6,200 square feet, all of which is net rentable, this property boasts ample room for operations and potential expansion. The asking price is $800,000, translating to a price per square foot of $129.03. Situated in Norfolk's vibrant Arts and Design district, this location offers high visibility and foot traffic, making it an ideal spot for a thriving business. The property's solid brick construction ensures durability and longevity, representing a sound investment for the future. The address is 735 Granby Street, Norfolk, VA 23510. This prime location offers excellent access to major transportation routes and is surrounded by a thriving community. The property's size and location make it an attractive option for businesses seeking a prominent presence in a dynamic urban setting. This is a rare opportunity to acquire a substantial retail space in a highly desirable area. Don't miss out on this chance to own a piece of Norfolk's vibrant downtown.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1917
Total area 6,200 SF
Lot 0.07 ac (3,158 SF)
Zoning code D-4
APN 14493900
UPID US87-3358686
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
  • The C Suite (Bike/Boat/Book/etc) Store Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$625k
CAP Approach CAP
by Request
Comparable Approach Comparable
$551k
Blend (final) Blend
$625k
Owner & transaction history
735 Group LLC · 2 yrs held
735 Group LLC
since 2024
Last sale
$625,000
3 recorded transactions
2024
$625,000
2013
$350,000
2005
$155,200
Zoning & alternative use
D-4 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Adopted Zoning Ordinance
Top alternative use upside
Retail stores $1.0M +42.0%
Industrial (general) $820,000 +13.9%
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