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Property profile & analytics
OFF-MARKET Estimated value $4,890,000
Office buildings

861 Glenrock Rd Norfolk, VA 23502-3720

47,138 SF 2.23 ac lot Built 1973
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US87-3350526
Property summary
AI-generated overview

Circle East, located at 861 Glenrock Rd, Norfolk, VA 23502, offers 43,500 square feet of versatile office space in a prime Hampton Roads location. This Class C building, constructed in 1973 and renovated in 2000, features a two-story structure with ample parking (220 spaces) and elevator access. The property is zoned C-R and situated in the Central Norfolk submarket cluster, offering convenient access to major thoroughfares including I-264 and I-64. Its strategic location provides close proximity to Sentara Leigh Hospital and the Brock Center. The building currently has 13,500 square feet of vacant space available, divisible into units ranging from 3,000 to 13,500 contiguous square feet, making it suitable for a variety of tenants. The property accommodates multiple tenants and is categorized as Traditional, Creative, and Medical Office space. This presents a unique opportunity for businesses seeking flexible and well-located office solutions in a thriving area. The building consists of two suites in total. Interested parties should inquire about lease terms and availability.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Total area 47,138 SF
Lot 2.23 ac (97,182 SF)
Zoning code C-3
APN 13279505
UPID US87-3350526
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
  • Opportunity Inc.'s Opplnc One-Stop Workforce Center (Client Services Accessed Here) Business Service Center Employment Agency
  • Virginia Employment Commission Employment Agency
  • Cross Data School-Technology Vocational School Training Center
  • Cross Data Certified Testing Vocational School Training Center
  • Virginia Career Works - Norfolk Center Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.55M
Blend (final) Blend
$4.89M
Owner & transaction history
BAYLOR ENTERPRISES LLC
BAYLOR ENTERPRISES LLC
Zoning & alternative use
C-3 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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