Commercial Real Estate in Norfolk
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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.
Norfolk commercial real estate sold prices and values
|Values and sold prices (last 24 months)||United States||Idaho||Norfolk|
|Average sold price||$767,291||$293,362||--|
|Median sold price||$88,200||$150,210||--|
|Number of sales||4,826,142||39,276||--|
|Number of sales over $250k||1,544,858||14,896||--|
|Number of sales over $1m||397,601||1,400||--|
|Number of sales over $10m||58,743||23||--|
|Average total tax amount||$5,395||$2,082||$625|
|Average assessed value||$235,964||$253,158||$79,748|
|Average market value||$321,613||$253,387||$79,748|
Norfolk commercial real estate property averages
|Property averages||United States||Idaho||Norfolk|
|Average lot size||889,211 sf||1,021,675 sf||11,979 sf|
|Median lot size||28,598 sf||30,543 sf||11,979 sf|
|Average building area||--||--||--|
|Median building area||--||--||--|
|Median year built||1972||1997||--|
|Average number of units||18||22||--|
|Median number of units||2||4||--|
Norfolk commercial real estate total supply
|Number of parcels||140,082,296||494,758||--|
|Aggregate lot acerage||784,164,730||5,872,429||--|
|Aggregate building area||--||--||--|
Norfolk commercial real estate industrial mortgages
|Number of mortgages||42,096,806||401,439||--|
|Average value of mortgages||$6,223,903||$3,477,433||$58,000|