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1206 Colonial Ave, Norfolk, VA 23517

Lat/Long: 36.863884, -76.293385 Elevation: 2.78 meters

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Site Name

1206 Colonial Ave, Norfolk, Va 23517

Current Infrastructure

Cell Towers

Publish Date

April 28, 2024

Data Accuracy

5.001

SiteID #

462657

Modified Date

June 12, 2024

Site Description

1206 Colonial Ave, Norfolk, Va 23517 is a Multifamily property with a cell tower antenna structure. The site offers a 54555 sqft lot area and has a Norfolk City APN # of 809609. See the wireless lease estimate for this site and search for cell towers nearby.

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Site Name

1206 Colonial Ave, Norfolk, Va 23517

Address

1206 Colonial Ave

County of Record

Norfolk City

City

State / Province

Zip Code

Latitude:

Longitude:

Country

United States

Parcel # (APN)

809609

Metro Area (MSA)

Virginia Beach-Norfolk-Newport News, Va-Nc

FIPS Code

51,710

Census Tract

51,710,003,600

Zoning

PDMU-4

Census Data

The property located at 1206 Colonial Ave is situated in Norfolk city, Virginia and has a block FIPS # of 517100036001028. Here is the most recent census data from the 2020 US Census report:

Block FIPS: 517100036001028

County FIPS: 51710

County Name: Norfolk city

State FIPS: 51

State Name: Virginia

Block Population (2020): 245

AMT: AMT002

BEA: BEA020
BTA: BTA324
CMA: CMA043
EAG: EAG702
IVM: IVM043
MEA: MEA006
MTA: MTA023
PEA: PEA033
REA: REA002
RPC: RPC002
VPC: VPC002

Lot Area

54,555.00sq. ft.

# of Buildings

1

Building Area

6,606sq. ft.

Year Built

1,975

Technology & Infrastructure

All Sites, Cell Towers, Att - Rofr

Utility Information

Utility Company:
Company ID:
Residential Rate: $ /kWh
Commerical Rate: $ /kWh
Industrial Rate: $ /kWh

{ "status": 41 }

Utility Lease Market Valuation Analysis

Cash Flow Analyis

Net Income

Cap Rate Range (%)

Market Lease Comparables

Sale Value Range ($)

Utility Lease Market Valuation Analysis

Cash Flow Analyis

Net Income

Cap Rate Range (%)

Market Lease Comparables

Sale Value Range ($)

Estimated Utility Lease Rates

Note: This lease rate estimate incorporates public and user-submitted data into SiteBid’s proprietary formula, also taking into account lease facts, location and market trends.

Estimated Utility Lease Sale Valuation

Note: This doesn't include the value of the real estate and is only based on the lease rights an a recorded utility easement. The amount of the lease buyout depends on the rent being received under the existing lease, the tenant quality, the terms of the lease, the neighborhood location (including traffic counts and population), the duration of the period for which our investor has the right to collect rent, and a number of other variables that make up our risk assessment.

Request a free site valuation and no obligation cash offer.

Infrastructure Investors are actively purchasing fee simple real estate, leases and easements on properties with active utility leases from tier-1 tenants (AT&T, Verizon, T-Mobile, etc.). Depending on the terms of the lease, the lease buyout valuations can range drastically between 16x-20x the annual lease rate for lump-sum payments and 18x-25x for structured payments.