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839 Poplar Hall Dr Norfolk, VA 23502

Medical Office Space Google Maps
8,620 SF 1.77 ac lot Built 1984
Entity Owned 17-yr Hold ~ Est. High Equity
Estimated value (blended)
$485k
Range $437k – $534k (±10%)
Property ID US87-3367834

Property summary

AI-generated overview

This exceptional single-story office building, located at 839 Poplar Hall Dr in Norfolk, Virginia, presents a unique investment opportunity. The property boasts a substantial 8,620 square feet of vacant space, ideal for a single tenant seeking a prominent presence in a thriving area. Situated on a generous 1.87-acre lot, the building offers ample parking and excellent visibility. Constructed in 1984, the building is classified as Class C and features a single story design. The C2 zoning designation allows for a variety of commercial uses, providing flexibility for future development and expansion. The property's central Norfolk location provides easy access to major transportation routes and a wealth of amenities. This is a rare opportunity to acquire a substantial office building in a highly desirable area with significant potential for growth and return on investment. The property's size and zoning make it suitable for a wide range of businesses, from professional offices to light industrial uses. The ample parking ensures convenient access for employees and clients alike. Don't miss this chance to secure a prime commercial property in Norfolk, Virginia. The property's address is 839 Poplar Hall Dr, Norfolk, VA 23502.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1984
Total area 8,620 SF
Lot 1.77 ac (77,188 SF)
Zoning code C-2
APN 29764404
UPID US87-3367834

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center Alternative Medicine Practice
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$485k

Owner & transaction history

since 2009
1 recorded transaction
2009
Price N/A

Zoning & alternative use

C-2 · Norfolk, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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