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Property profile & analytics
OFF-MARKET
Estimated value
$325,000
Warehouses
744 25th St Norfolk, VA 23504-1934
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3382843
Property summary
AI-generated overview
This exceptional 7,174 square foot industrial property, located at 744 E 25th St in Norfolk, Virginia, presents a unique investment opportunity. Originally configured as a collision center, this single-tenant building sits on a 0.513-acre lot and offers significant potential for various uses. Built in 1954, the structure boasts two 10x12 grade-level loading docks, providing convenient access for loading and unloading. The interior features a fully equipped paint booth and mixing area, ideal for automotive repair or related businesses. In addition to the main workshop area, the property includes three private offices, two bathrooms, and one shower, offering ample space for administrative functions. The building is equipped with ceiling-mounted gas heaters, ensuring a comfortable work environment year-round. The entire 7,174 square feet is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's specific needs. The property's location in Norfolk, VA, 23504, offers excellent access to major transportation routes and a thriving local economy. This versatile space is perfect for a variety of industrial or flex uses, making it an attractive option for both owner-occupiers and investors.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1954
Total area
7,174 SF
Lot
0.22 ac (9,622 SF)
Zoning code
I-1
APN
24580500
UPID
US87-3382843
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$567k
Blend (final)
Blend
$325k
Owner & transaction history
Stark Industries LLC · 13 yrs held
Stark Industries LLC
since 2013
2 recorded transactions
Zoning & alternative use
I-1 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Adopted Zoning Ordinance
Top alternative use upside
Commercial (general)
$830,000
+6.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$780,000
Current use
COMMERCIAL (GENERAL)
$830,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$325k
Range $293k – $358k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$45 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,656
Tax year 2024
Assessed value
$292,500
Assessed 2024
Previous assessed
$287,200
+1.8% YoY
Effective rate
1.25%
On assessed value
Assessed land
$84,400
Assessed improvement
$208,100
Land market value
$84,400
Improvement market value
$208,100
Total market value
$292,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1954
Heating
SPACE
Cooling
YES
Stories
1
Total area
7,174 SF
Lot
0.22 ac (9,622 SF)
Zoning code
I-1
APN
24580500
UPID
US87-3382843
Jurisdiction
NORFOLK CITY
Zoning & alternative use
I-1 · Norfolk, VAZoning I-1 · permitted uses
I-1 · Norfolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Adopted Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$830,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Stark Industries LLC
Entity
Mailing address
5732 E VIRGINIA BCH BLVD, NORFOLK, VA 23502-2422
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2013
$250,000
Stark Industries LLC
Wolcott Center LLC
Bargain And Sale Deed
$200,000 · Pnc Bank NA
Dec 5, 2008
—
Lana H Wolcott
Norfolk Artisan Gallery LLC
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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