900 Granby StNorfolk, VA 23510

Property Details for 900 Granby St

Year built

1902

Lot size

0.67 AC

Property size (Sq ft)

34,750 SF

Zone code

G-1

Property type

Office properties

Property subtype

Office buildings

APN

18216600

APU

18216600

Description

This 34,750 square foot, two-story Class B office building, renovated in 2019, offers a variety of executive office, coworking, and creative office spaces. Located in Norfolk's Downtown/NEON District/Ghent submarket, the property features 140 suites, with a minimum divisible space of 80 square feet and a maximum contiguous space of 2,500 square feet. The building boasts 80 parking spaces, a modern elevator, and 24/7 key-fob access with video surveillance. Amenities include free on-site parking, complimentary ergonomic furniture, private direct phone lines with voicemail and call forwarding, free high-speed wired internet, and free use of conference rooms. USPS certified street address mailboxes are provided for each suite. Leases are flexible, with a minimum term of three months, allowing for growth and customization within the building. The building's central location offers easy access to major bus lines and is near numerous local businesses offering tenant discounts. The property sits on 6.6 acres of land and has a floor area ratio of 1.21. This all-inclusive office space solution provides a professional and convenient work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $7,338,056

  6.5%

  $6,773,590

  7%

  $6,289,762

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,452,631

  Geo Method

  $5,803,598

• Alternative Use

  Use

  Valuation

  Residential

  $8,399,251

  Hospitality

  $7,693,669

  Educational

  $6,401,042

  Medical

  $6,621,184

  Retail

  $9,957,177

Location Insight

City

Norfolk

County

Norfolk City

State

Virginia

Latitude

36.8592

Longitude

-76.2879

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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