301 Riverview AveNorfolk, VA 23510

  • Healthcare properties
  • 210,897 SF
For Lease
$28.50/SF/YR View listing

Property Details for 301 Riverview Ave

Year built
2009
Lot size
2.12 AC
Property size (Sq ft)
210,897 SF
Zone code
IN-2
Property type
Healthcare properties
Property subtype
Medical offices
APN
911604
APU
911604

Description

Sentara Fort Norfolk Plaza, a Class A, nine-story medical office building located at 301 Riverview Ave, Norfolk, VA 23510, offers exceptional opportunities for medical professionals. This multi-tenant building boasts a total of 196,205 square feet, with 25,619 square feet currently vacant. Spaces range from a minimum of 3,177 square feet to a maximum contiguous space of 12,965 square feet, providing flexibility for various practice sizes. The building's prime location in Norfolk, within Norfolk County, ensures high visibility and accessibility for patients. Its "A" class designation reflects its superior construction, amenities, and overall quality. This is an excellent opportunity to establish or expand your medical practice in a thriving and well-respected medical office complex. The building is situated in Norfolk, Virginia, offering convenient access to major transportation routes and a diverse patient population. Serious inquiries are encouraged to explore the available spaces and their potential to meet your specific needs. Contact us today to schedule a viewing and learn more about this exceptional medical office opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $44,534,500
    6.5%
    $41,108,768
    7%
    $38,172,428
  • Comparable approach

    Method
    Valuation
    Relative Method
    $27,022,922
    Geo Method
    $35,221,908
  • Alternative Use

    Use
    Valuation
    Residential
    $50,974,872
    Hospitality
    $46,692,708
    Educational
    $38,847,788
    Medical
    $40,183,820
    Retail
    $60,429,892
301 Riverview Ave, Norfolk, Virginia

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.8597
Longitude
-76.3066
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
$508,744
$1,229,600
$39,469,900
$40,699,500
-
$1,229,600
$39,469,900
$40,699,500

FAQs

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