Financial
Distress signals
Property profile

885 Kempsville Rd Norfolk, VA 23502

FOR LEASE
Medical Office Space
Property ID
US87-3346540
73,896 SF 5.66 ac lot Built 2001
Last sale May 2009 · $10,655,967
Trust Owned Owner of record is a trust. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$107k
Tax billed · 2024
Assessed value$8.53M
Assessed land$2.71M
Assessed improvement$5.82M
Effective rate1.25%

Value estimate

· Sep 2026
$2.34M
$2.11M – $2.57M
NOI build-up
Gross scheduled income$162k
Vacancy & credit loss−$11k
Operating expenses−$61k
NOI · 342,728.30% cap applied$91k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
342,728.30%
$91k 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?
C-2
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 Supply20.2
Wholesale Shop16.1
Electrical Service13.5

Location

885 Kempsville Rd Norfolk, VA 23502
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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

3 recorded sales · 15 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5630 Lowery, Norfolk, VA 23502-2233 $3,400,000 Feb 2026 16,130 SF
5900 Lk Wright, Norfolk, VA 23502-1871 $19,400,000 Oct 2021 70,681 SF
5665 Lowery, Norfolk, VA 23502-2245 $2,000,000 Jan 2020 14,914 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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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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