839 Poplar Hall DrNorfolk, VA 23502

  • Healthcare properties
  • 8,620 SF
For Sale
$1,950,000 View listing

Property Details for 839 Poplar Hall Dr

Year built
1984
Lot size
1.77 AC
Property size (Sq ft)
8,620 SF
Zone code
C-2
Property type
Healthcare properties
Property subtype
Medical offices
APN
29764404
APU
29764404

Description

This exceptional single-story office building, located at 839 Poplar Hall Dr in Norfolk, Virginia, presents a unique investment opportunity. The property boasts a substantial 8,620 square feet of vacant space, ideal for a single tenant seeking a prominent presence in a thriving area. Situated on a generous 1.87-acre lot, the building offers ample parking and excellent visibility. Constructed in 1984, the building is classified as Class C and features a single story design. The C2 zoning designation allows for a variety of commercial uses, providing flexibility for future development and expansion. The property's central Norfolk location provides easy access to major transportation routes and a wealth of amenities. This is a rare opportunity to acquire a substantial office building in a highly desirable area with significant potential for growth and return on investment. The property's size and zoning make it suitable for a wide range of businesses, from professional offices to light industrial uses. The ample parking ensures convenient access for employees and clients alike. Don't miss this chance to secure a prime commercial property in Norfolk, Virginia. The property's address is 839 Poplar Hall Dr, Norfolk, VA 23502.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,820,260
    6.5%
    $1,680,240
    7%
    $1,560,223
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,104,509
    Geo Method
    $1,439,626
  • Alternative Use

    Use
    Valuation
    Residential
    $2,083,498
    Hospitality
    $1,908,473
    Educational
    $1,587,827
    Medical
    $1,642,435
    Retail
    $2,469,953
839 Poplar Hall Dr, Norfolk, Virginia

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.8533
Longitude
-76.198
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
$16,115
$794,300
$494,900
$1,289,200
-
$794,300
$494,900
$1,289,200

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