6001 Miller Store RdNorfolk, VA 23502

  • Showrooms
  • 29,700 SF
For Lease
$12/SF/YR View listing

Property Details for 6001 Miller Store Rd

Year built
1988
Lot size
2.11 AC
Property size (Sq ft)
29,700 SF
Zone code
I-2
Property type
Showrooms
APN
14231325
APU
14231325

Description

This exceptional 29,700-square-foot industrial flex space, located at 6001 Miller Store Rd in Norfolk, Virginia, presents a unique opportunity for businesses seeking versatile warehouse and office accommodations. The property boasts a single-tenant occupancy, offering complete control and privacy. Built in 1988, the building features a substantial 15-foot ceiling height, ideal for various storage and operational needs. A significant portion of the space, totaling 1,650 square feet, is currently vacant and ready for immediate occupancy. The property sits on a generous 2.1-acre lot, providing ample room for expansion, loading, and parking. The property's classification as "flex" space highlights its adaptability to a wide range of commercial uses, making it an attractive option for companies requiring a blend of warehouse and office functionality. Situated in Norfolk County, Virginia, zip code 23502, this location offers convenient access to major transportation routes and a thriving business community. The property's size, features, and location combine to create a compelling investment opportunity for businesses seeking a strategic foothold in the Norfolk market. Contact us today to schedule a viewing and explore the possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,219,343
    6.5%
    $8,510,162
    7%
    $7,902,294
  • Comparable approach

    Method
    Valuation
    Relative Method
    $9,590,007
    Geo Method
    $12,499,696
  • Alternative Use

    Use
    Valuation
    Residential
    $7,178,640
    Hospitality
    $6,575,596
    Educational
    $5,470,818
    Medical
    $5,658,968
    Retail
    $8,510,162

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.8816
Longitude
-76.2061
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
$27,265
$352,600
$1,828,600
$2,181,200
-
$352,600
$1,828,600
$2,181,200

FAQs

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