NOT LISTED FOR SALE

2 Commercial Place Norfolk, VA 23510

Downtown Norfolk Neighborhood
-- Bed
-- Bath
356,598 Sq Ft
1.84 Acres

About This Home

This home is located at 2 Commercial Place, Norfolk, VA 23510. 2 Commercial Place is a home located in Norfolk City with nearby schools including P.B. Young Sr. Elementary School, Tidewater Park Elementary School, and Blair Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2024
Sold by
Opi Notex Holdings Trust
Bought by
Opi Notex Properties Llc

Purchase Details

Closed on
Jan 5, 2016
Sold by
At Two Commerce Norfolk Llc A Delaware L
Bought by
City Walk Two Llc A Virginia Limited Lia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000,000
Interest Rate
3.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 29, 2011
Sold by
Us Bank National Association
Bought by
At Two Commerce Norfolk Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Opi Notex Properties Llc -- First American Title
Opi Notex Holdings Trust -- First American Title
Office Properties Income Trust -- First American Title
Sir Holding Corporation -- First American Title
City Walk Two Llc A Virginia Limited Lia $7,000,000 Stewart Title & Settlement
At Two Commerce Norfolk Llc $5,467,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner City Walk Two Llc A Virginia Limited Lia $12,000,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $828,718 $58,774,300 $6,744,700 $52,029,600
2024 $828,718 $58,774,300 $6,744,700 $52,029,600
2023 $854,390 $60,595,000 $6,744,700 $53,850,300
2022 $838,464 $59,465,500 $6,744,700 $52,720,800
2021 $829,998 $58,865,100 $6,744,700 $52,120,400
2020 $829,998 $58,865,100 $6,744,700 $52,120,400
2019 $816,599 $57,914,800 $6,744,700 $51,170,100
2018 $712,827 $50,555,100 $5,395,700 $45,159,400
2017 $598,657 $45,699,000 $5,395,700 $40,303,300
2016 $348,049 $30,656,200 $5,395,700 $25,260,500
2015 $481,303 $30,656,200 $5,395,700 $25,260,500
2014 $481,303 $30,656,200 $5,395,700 $25,260,500
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23510 Downtown Norfolk

2 Commercial Place, Norfolk, VA

Not Listed for Sale

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