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Property profile

7440 Central Business Park Dr Norfolk, VA 23513

FOR SALE
Office buildings
Property ID
US87-3367058
11,700 SF 1.02 ac lot Built 2008
Last sale Dec 2025 · $1,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Suite 102 is approximately 2,500 square feet and is configured for combined office and warehouse use within a flex property constructed in 2008. The suite’s interior layout is adaptable to different tenant needs, pairing administrative space with functional warehouse-area space in a single unit. The property is located with immediate access to I-64 and is positioned near Norfolk Naval Station and Norfolk International Airport, within a surrounding area that includes national retail uses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$15k
Tax billed · 2024
Assessed value$1.22M
Assessed land$222k
Assessed improvement$993k
Effective rate1.25%

Value estimate

· Oct 2026
$1.58M
$1.42M – $1.74M
Submarket $/SF estimate$963k
NOI build-up
Gross scheduled income$183k
Vacancy & credit loss−$7k
Operating expenses−$61k
NOI · 5.16% cap applied$114k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$197/SF
Submarket average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$118 – $273
Qualifying comparables3

Cap rate analysis

How does the asset earn?
5.16%
$114k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BC-1
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply40.5
Dental Office40.3
Realty agency39.9

Location

7440 Central Business Park Dr Norfolk, VA 23513
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5423 Henneman, Norfolk, VA 23513-2439 $1,000,000 Nov 2025 7,930 SF
7830 Jernigan, Norfolk, VA 23513-4612 $300,000 Sep 2023 3,470 SF
1251 Norview, Norfolk, VA 23513-2048 $141,650 Aug 2023 1,748 SF
5400 Robin Hood, Norfolk, VA 23513-2447 $1,050,000 Nov 2021 10,867 SF
5280 Henneman, Norfolk, VA 23513-2503 $2,050,000 Jun 2020 18,400 SF
2550 Ellsmere, Norfolk, VA 23513-2413 $5,005,157 Dec 2018 44,093 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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