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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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