160 Kingsley LnNorfolk, VA 23501

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

Assisted living facilities

Property subtype

Retirement homes

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.

• 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

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

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