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100% Leased NNN Flex Investment 801 E 25th St 18,680 SF 100% Leased Flex Building Norfolk, VA 23504 $4,675,000 ($250.27/SF) 7% Cap Rate
Investment Highlights
- 18,740 SF flex building demised into four (4) tenant suites
- HVAC: Office spaces are fully air conditioned, warehouse space has natural gas suspended
- Excellent access to I-264, I-64, and the Port of Virginia
- Four 12'wx14'h grade-level, rollup doors
- Units: 100% leased to a diverse tenant mix with stable cash flow
- Situated in the supply-constrained West Norfolk industrial submarket (4.3% Submarket Vacancy)
Executive Summary
This fully leased 18,740 square foot flex building is located in the high-demand West Norfolk submarket, one of the region's most accessible and strategically positioned industrial corridors. Divided into four (4) functional units, the property offers flexible layouts ideal for light industrial, warehouse, or service-oriented users. With stable in-place tenancy and a strong location near key transportation routes, the asset offers immediate income and long-term investment appeal.
Property Facts
| Price | $4,675,000 | Rentable Building Area | 18,680 SF |
| Price Per SF | $250.27 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2008 |
| Cap Rate | 7% | Parking Ratio | 0.59/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 30’ |
| Property Subtype | Light Distribution | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.71 AC | ||
| Zoning | I-2 | ||
| Price | $4,675,000 |
| Price Per SF | $250.27 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 1.71 AC |
| Rentable Building Area | 18,680 SF |
| No. Stories | 1 |
| Year Built | 2008 |
| Parking Ratio | 0.59/1,000 SF |
| Clear Ceiling Height | 30’ |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | I-2 |
Amenities
- Fenced Lot
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $477,800 | |
| Land Assessment | $162,600 | Total Assessment | $640,400 |
Property Taxes
Parcel Numbers
Land Assessment
$162,600
Improvements Assessment
$477,800
Total Assessment
$640,400
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