540 E Bute St, Norfolk, VA 23510 Property Records

Norfolk City property record for 540 E Bute St, Norfolk, VA 23510 · Last verified May 2026

Property Summary

Property Type	Warehouse, Storage
Details	5,020 sqft · built 1969
Lot Size	0.249 acres (10,864 sqft)
Owner	Company Name on File
Last Sale	$500,000 (Feb 2024)
Tax Bill	$5,958 (2025)
Deeds & Mortgages	Feb 2024 Sale & Line of Credit
APN	`40132950`

Property Details

APN / Parcel Number

Primary APN	`40132950`

Interior

Stories	1 Story
Building Area	5,020 sqft Total Area

Exterior

Year Built	Built 1969
Effective Year Built	Effective 1969
Fire Resistance	Fireproof Steel Frame
Lot Area	10,864 sqft (0.249 acres)
Lawn Sprinklers	Lawn Sprinklers

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Space Heater

Location & Zoning

Street Address	540 E BUTE ST
City	NORFOLK
State	VA
Zip	23510-2804
Property Category	Industrial
Property Type	Industrial > Warehouse, Storage
Legal Description	PARCEL 4-C & PT BUTE ST (CLOSED)
Legal Subdivision	NORFOLK REDEV & HOUSING PROP
Jurisdiction	NORFOLK CITY VA
Township / Civil Division	NORFOLK
Census Block Group	2
Census Block	2005
Census Tract	4800

Owner

Source: Norfolk City records · APN 40132950

Assessment roll updated September 25, 2025 · Last verified May 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on File
Mailing Address	540 E BUTE ST, NORFOLK, VA 23510-2804
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Feb 02, 2024 · Amount on Record
Deed Sale	Feb 02, 2024 · Amount on Record
Prior Sale	Aug 05, 2016 · Amount on Record
Deed Document Number	20241761
Record Updated	Jun 08, 2026

February 2024: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	NORFOLK CITY VA
Recording Date	Feb 02, 2024
Property Address	540 E BUTE ST, NORFOLK, VA 23510-2804
Document Number	0240001761
Instrument Date	Jan 31, 2024
Instrument	240001761
Transaction Type	Transfer
Record Updated	Sep 25, 2025

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	540 E BUTE ST, NORFOLK, VA 23510-2804

Mortgage

Document Number	0240001762
Date	Feb 02, 2024
Instrument	240001762

Lender

Name	TOWNEBANK

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	60 Months
Due	Feb 01, 2029

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Norfolk City records · Assessment roll updated September 25, 2025 · Last verified May 2026

Property Jurisdictions

Type	Name
State	Virginia
Municipality	Norfolk City
Unified School District	Norfolk City Public Schools (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$5,958.00 (+41.25%)	$484,400 (+43.53%) Land $86,900 Building $397,500	$484,400 (+43.53%) Land $86,900 Building $397,500
2023	$4,218.00	$337,500 Land $86,900 Building $250,600	$337,500 Land $86,900 Building $250,600

Flood & Wildfire

Source: FEMA National Flood Hazard Layer · FEMA OpenFEMA NFIP redacted claims and policies, census block group 517100048002, refreshed September 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	FEMA flood map data for this location is not available in our records
Flood Insurance Cost	Premium on Record median of 2 individual NFIP policies nearby
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	2 in force

Wildfire

Wildfire Risk	Not rated no burnable land in reach
Wildfire Likelihood	Negligible
Exposure	None beyond ember reach

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.