410 21St StNorfolk, VA 23517

  • Retail properties
  • 2,880 SF
For Lease
$19/SF/YR View listing

Property Details for 410 21St St

Year built
1946
Lot size
0.13 AC
Property size (Sq ft)
2,880 SF
Zone code
C-2
Property type
Retail properties
Property subtype
Retail space
APN
44736100
APU
44736100

Description

This exceptional single-tenant retail property, located at 410 W 21st St, Norfolk, Virginia 23517, offers 2,870 square feet of versatile commercial space. Built in 1970, this one-story building is situated in a C-2 zoned area and features ample parking with 11 spaces available. The property's convenient location on W 21st Street provides excellent visibility and accessibility for customers. Ideal for a variety of retail businesses, this property presents a unique opportunity for entrepreneurs and established businesses alike. The single-tenancy aspect offers streamlined management and control. The absence of elevators is noted, reflecting the single-story design. This property is a solid investment opportunity in a thriving Norfolk location. The building's age and single-story construction contribute to its character and potential for customization. With its convenient parking and prime location, this retail space is poised for success. Serious inquiries are encouraged to explore the potential of this well-positioned commercial property. The property's address is easily accessible via the cross street, W 21st Street, and its zip code is 23517.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $893,997
    6.5%
    $825,228
    7%
    $766,283
  • Comparable approach

    Method
    Valuation
    Relative Method
    $929,940
    Geo Method
    $1,212,092
  • Alternative Use

    Use
    Valuation
    Residential
    $696,111
    Hospitality
    $637,634
    Educational
    $530,504
    Medical
    $548,748
    Retail
    $825,228
410 21St St, Norfolk, Virginia

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.869
Longitude
-76.2905
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,668
$146,600
$146,800
$293,400
-
$146,600
$146,800
$293,400

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