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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29882167
29882168

1761 Church St, Norfolk, VA 23504

Exit Realty Central
Listed by Exit Realty Central
$1,300,000
103 days on market
Updated 3 days ago

1761 Church Street

Details
Property Type Office
Sub Type Traditional Office
Square Footage 10,000
Net Rentable (SqFt) 10,000
Units 4
Cap Rate 5.64%
NOI $73,290
Occupancy 90%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Pro-Forma Cap Rate 7.02%
Pro-Forma NOI $91,290
Price per SqFt $130
Class A
Year Built 2006
Year Renovated 2018
Buildings 1
Stories 1
Investment Type Stabilized
Ownership simple

Stablized Multi-Tenant Office |Investment | 10,000 SqFt

Marketing description

1761 Church St — Multi‑Tenant Office Investment in Norfolk’s Growing Innovation Corridor

10,448–10,500 SF 100% Leased HUBZone + Opportunity Zone

1761 Church Street is a fully leased, 10,500± SF multi‑tenant office building strategically positioned at the intersection of Church Street and 18th Street in Norfolk. Built in 2006 and professionally maintained, this asset delivers stable income, diversified tenancy, and long‑term upside in one of the city’s most active redevelopment corridors.

Located inside a federally designated HUBZone, the property offers a powerful advantage for businesses pursuing government contracts—making it highly attractive to service providers, medical practices, transportation groups, and professional firms seeking proximity to downtown, the naval base, and major employment centers.

Key Investment Highlights

• 100% leased multi‑tenant building with a mix of regional transportation, medical, mental health, and contractor tenants, providing diversified and resilient income streams.

• 10,500± SF single‑story office building with flexible floorplans, private entrances, and the ability to separately meter units—ideal for long‑term operational efficiency.

• HUBZone designation, offering significant competitive advantages for tenants engaged in federal contracting.

• Located in an Opportunity Zone, creating potential tax benefits for qualifying investors.

• Strong parking ratio with 26 spaces (2.46/1,000 SF), a rare amenity for urban Norfolk office assets.

• High‑visibility corner location with excellent access to downtown Norfolk, major roadways, and surrounding residential neighborhoods.

• Built in 2006, offering modern construction, brick exterior, central air, and efficient mechanical systems.

Why This Property Stands Out

1761 Church Street delivers the combination investors want but rarely find in Norfolk: stable tenancy, government‑advantaged location, modern construction, and long‑term upside. The HUBZone and Opportunity Zone designations create a unique competitive moat for tenant retention and future leasing, while the diversified tenant mix reduces risk and enhances income durability.

This is an ideal acquisition for investors seeking a turnkey, cash‑flowing office asset in a strategic location with built‑in demand drivers and tax‑advantaged potential.

Investment highlights

  • Owner Financing!

  • Stabilized investment

  • HUB Zone

Listing Contacts

Exit Realty Central
Listed by Exit Realty Central

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$73,290.00
$6,107.50/mo

Valuation Metrics

0
DSCR
5.64%
Cap Rate
5.64%
ROI

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