Property profile

941 Norfolk Sq Norfolk, VA 23502

OFF-MARKET
Manufacturing properties
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Property ID
US87-3417872
4,704 SF 0.44 ac Built 1967
Last sale Dec 2024·$800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional 4,704 square foot building, situated on a fenced .44-acre lot in Norfolk, Virginia (zip code 23502), presents a unique investment opportunity. The property boasts a strategic location offering easy access to Interstates 264 and 64, ensuring seamless transportation and logistics. The building is zoned BC-I (Business & Commerce Park-Industrial), allowing for a variety of uses including business, research, light industrial, and manufacturing activities. The versatile layout…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$9k
Tax billed · 2024
Assessed value$713k
Assessed land$115k
Assessed improvement$598k
Effective rate1.25%

Value estimate

· Nov 2026
$1.05M
$941k – $1.15M
AI approach$1.04M
Submarket $/SF estimate$956k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$132/SF
Submarket average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$80 – $223
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BC-1
JurisdictionNORFOLK CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency25.0
Restaurant24.7
Law Firm24.6

Location

941 Norfolk Sq Norfolk, VA 23502-3211
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales 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

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3321 Princess Anne, Norfolk, VA 23502-1502 $34,897,500 Jul 2024 180,600 SF
1550 Azalea Gdn, Norfolk, VA 23502-1628 $177,000 Mar 2023 2,847 SF
100 Military, Norfolk, VA 23502-5229 $1,465,000 Apr 2022 4,992 SF
3435 Mangrove, Norfolk, VA 23502-3112 $499,000 Dec 2019 8,750 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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