740 Commonwealth Dr, Norton, VA 24273 Property Records

Norton City property record for 740 Commonwealth Dr, Norton, VA 24273

Property Summary

Property Type	Neighborhood Shopping Center, Strip Center
Details	10,000 sqft · built 2005
Lot Size	3.79 acres (165,441 sqft)
Owner	Company Name on File
Tax Bill	$29,642 (2026)
Deeds & Mortgages	Aug 2022 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`379-A-6A`

Property Details

APN / Parcel Number

Primary APN	`379-A-6A`
Alternative APN	`4076`

Interior

Stories	1 Story
Building Area	10,000 sqft Gross Area
Flooring	Ceramic Tile
Interior Walls	Concrete

Exterior

Year Built	Built 2005
Effective Year Built	Effective 2015
Exterior Material	Concrete Block
Roof Type	Flat
Roof Material	Tar & Gravel
Lot Area	165,441 sqft (3.79 acres)
Terrain	Rolling
Total Buildings	3 Buildings

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Heat Pump
Heating Fuel	Electric
Sewer	Municipal
Water Source	Commercial

Location & Zoning

Account Number	4076
Street Address	740 COMMONWEALTH DR
City	NORTON
State	VA
Zip	24273-4051
Property Category	Commercial
Property Type	Commercial > Retail > Neighborhood Shopping Center, Strip Center
Local Zoning Code	B-3
Legal Description	3.7978 ACRES TRACT 2 757-494-2113
Legal Tract	2
Jurisdiction	NORTON CITY VA
Township / Civil Division	NORTON
Census Block Group	1
Census Block	1001
Census Tract	960100

Owner

740 Commonwealth Dr, a commercial property, is owned by a company that acquired it in January 2013.

Source: Norton City records, as of May 27, 2026

Owner of Record	Company Name on File
Mailing Address	8816 SIX FORKS RD, 201, RALEIGH, NC 27615-2983
Owner Type	Company
Vesting	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jan 1, 2013
Deed Sale	Jan 1, 2013
Record Updated	Sep 20, 2026

August 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	NORTON CITY VA
Property Address	740 COMMONWEALTH DR, NORTON, VA 24273-4051
Transaction Type	Mortgage
Record Updated	Jan 16, 2026
Title Company	FIRST AMERICAN TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0202203573
Date	Aug 3, 2022
Instrument	202203573

Lender

Name	GREYSTONE SERVICING CORP
Type	Funding / Finance Company

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

Interest

Rate Type	Fixed Rate

Tax Assessment & Valuation

The 2026 property tax bill for 740 Commonwealth Dr was $29,642.

Source: Norton City assessment roll, as of January 16, 2026

Property Jurisdictions

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

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$29,642.00	$3,293,600 (-) Land $992,600 Building $2,301,000	$3,293,600 Land $992,600 Building $2,301,000
2025		$3,293,600 Land $992,600 Building $2,301,000
2023		$3,295,600 Land $992,600 Building $2,303,000	$3,293,600 Land $992,600 Building $2,301,000

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

Flood

FEMA maps place 740 Commonwealth Dr in Zone X, an area of minimal flood risk, though there have been 31 flood claims nearby since 1982.

Source: FEMA National Flood Hazard Layer, effective June 6, 2018 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 23 policies
Nearby Flood Policies	23 in force
Nearby Flood Claims	31 (1982–2025)
Claims Outside the SFHA	23 of 31
Most Recent Claim	Feb 2025 · river or lake flooding
Claims by Event	Severe Winter Storm, Record/near Record Snowfall, Heavy Rain,floodind, And Mudslide, Feb 2003 · 4 claims Severe Storms And Flooding, Mar 2002 · 7 claims

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.

Wildfire

Wildfire risk around 740 Commonwealth Dr is moderate, ranking above 45% of the US, with a 0.07% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Moderate above 45% of the US · above 72% of Virginia
Wildfire Likelihood	0.07% annual chance
Exposure	Indirect within ember reach
Adjoins Burnable Land	Yes

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF NORTON serves 3,958 people · EPA ID VA1720076
Water Source	Surface water
Last State Inspection	Mar 2026
Lead	1 ppb (2021–2023) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 68 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Point Broadband Fiber	1,000 / 1,000
Verizon Fixed Wireless	300 / 20

May also be available: T-Mobile.

Cell Coverage

5G (outdoors only) and 4G LTE

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