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Property profile & analytics
OFF-MARKET Estimated value $3,430,000
Office buildings

900 Granby St Norfolk, VA 23510-2503

34,750 SF 0.67 ac lot Built 1902
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US87-3366650
Property summary
AI-generated overview

This 34,750 square foot, two-story Class B office building, renovated in 2019, offers a variety of executive office, coworking, and creative office spaces. Located in Norfolk's Downtown/NEON District/Ghent submarket, the property features 140 suites, with a minimum divisible space of 80 square feet and a maximum contiguous space of 2,500 square feet. The building boasts 80 parking spaces, a modern elevator, and 24/7 key-fob access with video surveillance. Amenities include free on-site parking, complimentary ergonomic furniture, private direct phone lines with voicemail and call forwarding, free high-speed wired internet, and free use of conference rooms. USPS certified street address mailboxes are provided for each suite. Leases are flexible, with a minimum term of three months, allowing for growth and customization within the building. The building's central location offers easy access to major bus lines and is near numerous local businesses offering tenant discounts. The property sits on 6.6 acres of land and has a floor area ratio of 1.21. This all-inclusive office space solution provides a professional and convenient work environment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1902
Total area 34,750 SF
Lot 0.67 ac (29,298 SF)
Zoning code G-1
APN 18216600
UPID US87-3366650
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
  • Kinetic Life Chiropractic Alternative Medicine Practice
  • Create/Captivate Digital Marketing Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Zach Bridges Keys Music Venue Theater & Performing Art Venue
  • Logistics Plus, Inc. Business Management Consultant Logistics Service
  • A New Vision LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.09M
Blend (final) Blend
$3.43M
Owner & transaction history
Ceo Group LLC A Virginia Limited Li · 8 yrs held
Ceo Group LLC A Virginia Limited Li
since 2017
1 recorded transaction
2017
$1.2M
Zoning & alternative use
G-1 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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