160 Kingsley LnNorfolk, VA 23501

  • Healthcare properties
  • 43,511 SF
For Lease
$14.50/SF/YR View listing

Property Details for 160 Kingsley Ln

Year built
1988
Lot size
0.34 AC
Property size (Sq ft)
43,511 SF
Zone code
IN-2
Property type
Healthcare properties
Property subtype
Assisted living facilities
APN
60011500
APU
60011500

Description

This five-story, Class B medical office building, totaling 35,000 square feet, offers a unique opportunity in Norfolk, Virginia. Located at 160 Kingsley Ln, 23501, this property boasts nine suites, with a variety of sizes available to accommodate diverse business needs. The minimum divisible space is 881 square feet, while the maximum contiguous space available is 4,071 square feet. A significant 17,824 square feet is currently vacant, presenting a substantial opportunity for immediate occupancy. The building is situated on a 0.75-acre lot and benefits from convenient parking, with a ratio of 5.5 spaces per 1,000 square feet. The property is zoned IN-2 and is ideally located adjacent to Bon Secours DePaul Hospital, providing excellent visibility and accessibility. This location in Norfolk County offers a strategic advantage for medical practices and executive offices seeking a prominent presence in a thriving healthcare hub. The building's convenient size and flexible suite options make it suitable for a range of tenants, from small startups to established businesses. Inquire today to explore the possibilities of establishing your practice or business in this exceptional location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,981,358
    6.5%
    $8,290,484
    7%
    $7,698,307
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,411,488
    Geo Method
    $8,356,788
  • Alternative Use

    Use
    Valuation
    Residential
    $10,516,829
    Hospitality
    $9,633,359
    Educational
    $8,014,842
    Medical
    $8,290,484
    Retail
    $12,467,531
160 Kingsley Ln, Norfolk, Virginia

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.899
Longitude
-76.2824
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
$3,271
$146,000
$115,700
$261,700
-
$146,000
$115,700
$261,700

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