721 21stNorfolk, VA 23517

  • Retail properties
  • 4,750 SF
Off market
$5,464,400 Estimated

Property Details for 721 21st

Year built
1951
Lot size
2.26 AC
Property size (Sq ft)
4,750 SF
Zone code
C-2
Property type
Retail properties
Property subtype
Retail space
APN
37405810
APU
37405810

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,474,474
    6.5%
    $1,361,053
    7%
    $1,263,835
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,533,755
    Geo Method
    $1,999,110
  • Alternative Use

    Use
    Valuation
    Residential
    $1,148,099
    Hospitality
    $1,051,653
    Educational
    $874,963
    Medical
    $905,054
    Retail
    $1,361,053
721 21st, Norfolk, Virginia

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.8701
Longitude
-76.2953
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
$68,305
$2,558,500
$2,905,900
$5,464,400
-
$2,558,500
$2,905,900
$5,464,400

FAQs

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