Industrial Property for Sale in Norfolk, VA

  • Price: $3.9M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Norfolk, VA 23518
  • Size: 33,000 SF

Description

Ideal for Investor or Owner/Occupant

Market Context

This industrial in Norfolk, VA is listed for sale at $3,900,000 across 33,000 SF ($118/SF). It has been on the market for 207 days. Compare it against other industrial listings for sale in Norfolk, VA — <a href="/search/sale/industrial/virginia/norfolk">view the full market</a>.

As of Q4 2022, the Hampton Roads industrial market showed average asking rents near $12.37/SF/yr, and rents up 53.0% year over year. Source: Colliers Q4 2022 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Unified Estimate

Medium Confidence

$73.69/SF – $99.69/SF

Mid: $86.69/SF

Total estimate for 33,000 SF: $2,860,770

Rate estimator only; cost-of-business estimate unavailable.

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