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Property profile & analytics
OFF-MARKET Estimated value $680,000
Office buildings

809 Ocean Vw Ave Norfolk, VA 23503-1822

11,966 SF 0.58 ac lot Built 2003
Trust Owned 1-yr Hold Free & Clear
Property ID
US87-3369432
Property summary
AI-generated overview

This exceptional 400-square-foot office space is ideally situated on the second floor of a building located at 809 E Ocean View Ave, Norfolk, VA 23503, on the corner of Chesapeake Blvd. and E. Ocean View Ave, offering stunning views across from the Chesapeake Bay. The space is perfect for a single tenant and features convenient access via a shared elevator or stairway. The office benefits from shared amenities including multiple conference rooms, a shared kitchen, and restrooms. A front reception desk is located on the first floor for visitor convenience. Ample parking is available on-site. This high-traffic location boasts excellent visibility, enhanced by the availability of a digital marquee message board for advertising purposes (additional cost). The property is classified as a traditional office space and also offers coworking capabilities. The building is located in the Ocean View East submarket of Norfolk, Virginia. This is a fantastic opportunity to establish a presence in a vibrant and desirable area.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2003
Total area 11,966 SF
Lot 0.58 ac (25,426 SF)
Zoning code C-2
APN 4274210
UPID US87-3369432
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
  • Boone Builder Inc Construction Company General Contractor
  • Judy Boone Realty, Inc. Real Estate Agency
  • Relaxation Mobile Massages Alternative Medicine Practice Spa & Massage Center
  • ShaVon Rhoades, Realtor®️ at Judy Boone Realty, Inc. Real Estate Agency
  • Lisa Martin, Judy Boone Realty Inc. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$680k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$680k
Owner & transaction history
Bonne Living Trust · 1 yrs held
Bonne Living Trust
since 2024
Last sale
$680,000
2 recorded transactions
2024
$35,000
2018
$680,000
Zoning & alternative use
C-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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