261 ButeNorfolk, VA 23510
- Office properties
- 3,820 SF
Off market
$559,500 Estimated
Property Details for 261 Bute
- Year built
- 1966
- Lot size
- 0.19 AC
- Property size (Sq ft)
- 3,820 SF
- Zone code
- HC-WF1
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 4110900
- APU
- 4110900
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $806,658
- 6.5%
- $744,608
- 7%
- $691,421
-
Comparable approach
- Method
- Valuation
- Relative Method
- $489,469
- Geo Method
- $637,978
-
Alternative Use
- Use
- Valuation
- Residential
- $923,313
- Hospitality
- $845,750
- Educational
- $703,654
- Medical
- $727,854
- Retail
- $1,094,573
261 Bute, Norfolk, Virginia
Location Insight
- City
- Norfolk
- County
- Norfolk City
- State
- Virginia
- Latitude
- 36.8527
- Longitude
- -76.2929
- 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
$6,994
$427,700
$131,800
$559,500
-
$427,700
$131,800
$559,500
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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