160 Kingsley LnNorfolk, VA 23501
- Healthcare properties
- 43,511 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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