757-497-4446
2635 Nevada Ave, Norfolk, VA for Rent

$13.00 USD /SF/yr

Flex - For Rent
1/10
4,360 SF | 1 Space

2635 Nevada Ave
Norfolk, VA 23513
Ballentine Place


OVERVIEW

Sam Segar & Associates, Inc. is pleased to present a compelling leasing opportunity at 2635 Nevada Avenue, Norfolk, Virginia 23513 — a ±4,360 square foot industrial/flex building constructed in 2006 and ideally situated within Norfolk's established defense and maritime industrial corridor. The property offers prospective tenants a highly competitive all-in occupancy cost of $14.46 per square foot per annum on a Triple Net (NNN) basis, comprising a base rent of $13.00 PSF and estimated pass-through expenses of $1.46 PSF for real estate taxes and property insurance. Zoned I-L (Light Industrial) by the City of Norfolk and located within a designated Virginia Enterprise Zone, the property presents a rare combination of strategic location, institutional-quality construction, and financial flexibility for the right tenant. The property's strategic positioning near Naval Station Norfolk — the world's largest naval station — Norfolk Naval Shipyard, and the Port of Virginia places it at the geographic and commercial heart of one of the nation's most resilient defense-industrial markets. Hampton Roads' industrial market continues to perform at the top of the regional cycle, with vacancy rates in the 7.1%–7.8% range as of Q1 2026 and average asking rents having risen 72.9% from 2020 levels — a reflection of sustained demand and severely constrained new supply. The subject property is ideally suited for defense contractors, maritime service providers, advanced manufacturers, government-adjacent tenants, and logistics and distribution operators seeking move-in-ready space in a proven industrial node. The property is available on a NNN lease structure with a preferred minimum term of three to five (3-5) years; longer terms are welcomed and encouraged.

RENTAL DETAILS

SPACE AVAILABLE

4,360 SF

# OF SPACES

1

RENT/MONTH

$4,723 USD /mo

RENT RATE (MO)

$1.08 USD /SF/mo

RENT RATE (YR)

$13.00 USD /SF/yr

LEASE TYPE

Triple Net

LEASE LENGTH

3-5 Years

AVAILABLE

-

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

4,360 SF

YEAR BUILT

2006

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

I-L

ASK ABOUT THIS PROPERTY

Amanda HouffSam Segar & Associates, Inc.More Info
757-497-4446

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Amanda HouffSam Segar & Associates, Inc.More Info
757-497-4446

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.