Commercial Real Estate in Norfolk | Reonomy

Commercial Real Estate in Norfolk

Unlock property data on 561 commercial properties in Norfolk. Search through Norfolk property records and access full owner contact information to find off-market properties likely to sell, refinance, or renovate. Find recent buyers and sellers.

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Reonomy attracts a large community of Norfolk commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.

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Norfolk commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Connecticut Norfolk
Average price/sqft $916 $3,616 $711
Average sold price $1,054,372 $559,401 $216,400
Median sold price $198,202 $224,741 $215,000
Number of sales 3,149,933 12,732 5
Number of sales over $250k 1,339,323 5,683 2
Number of sales over $1m 302,192 839 --
Number of sales over $10m 41,158 58 --
Average total tax amount $7,055 $11,382 $6,525
Average assessed value $252,203 $373,843 $255,935
Average market value $355,606 $373,848 $255,935

Norfolk commercial real estate property averages

Property averages United States Connecticut Norfolk
Average lot size 815,723 sf 144,998 sf 1,220,291 sf
Median lot size 24,460 sf 12,203 sf 435,600 sf
Average building area 1,078 sf 97 sf 68 sf
Median building area 77 sf 59 sf 50 sf
Median year built -- 1925 1930
Average number of units 16 3 1
Median number of units -- 2 --

Norfolk commercial real estate total supply

Supply United States Connecticut Norfolk
Number of parcels 58,466,290 301,832 564
Aggregate lot acerage 1,005,378,994 556,776 7,787
Aggregate building area 8,055,211,095 sf 9,631,169 sf 5,922 sf
Aggregate units -- 426,798 225

Norfolk commercial real estate industrial mortgages

Debt United States Connecticut Norfolk
Number of mortgages -- 444,444 458
Average value of mortgages -- $752,706 $279,763

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