Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21 Acr Kings Hwy Suffolk, VA 23432

    Sponsored
    For Sale
    $1,529,900

    Land And Farms - Suffolk, VA

    Lot size:
    21.00 Acres
    Days on Market:
    23
    Last Refresh:
    Feb 3 at 9:06 pm

    Property Features for 21 Acr Kings Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    21.00 Acres

    Utilities

    Water front features
    Lake, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Alan Cole

    United Country-A.B. Cole & Associates, Auction & Realty, LLC (757) 539-9866

    Listing agent Alan Cole (757) 539-9866

    Listing date Jan 12, 2026

    MLS# 10612836 Listing URL

    Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    21 Acres Prime Agricultural Land

    This 21-acre parcel of agricultural land in Suffolk, Virginia, presents opportunities for various uses, including a private estate, equestrian property, farm, or recreational retreat. The property is bordered by mature trees and features road frontage on Kings Hwy, ensuring both privacy and accessibility. The land extends to Cedar Creek, a tidal tributary of the Nansemond River and Chesapeake Bay, providing water views and access for boating, fishing, and wildlife observation. With water on three sides and approximately 1,000 feet of road frontage, the site is elevated, dry, and scenic. Situated adjacent to Summer Creek Estates, the area is experiencing growth with upscale homes, indicating long-term value. This site is suitable for investors, developers, or those seeking a rural escape.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.5524
    Latitude
    36.8725

    Nearby Similar for Sale

    • New
      $399,000
      3,283 SF

      Suffolk Commercial/Industrial Investment Opportunity

      Commercial/Industrial property for sale near downtown Suffolk, Virginia.
      685 Carolina Rd, Suffolk, VA 23434
      View Details
    • $600,000
      5,803 SF

      Historic Church in Suffolk, VA

      Two-story brick church with sanctuary, classrooms, and parking.
      1613 Washington St, Suffolk, VA 23434
      View Details
    • $425,000
      2,124 SF

      Suffolk Mixed-Use Property For Sale

      Unique mixed-use property with office and residential spaces in Suffolk.
      2017 Wilroy Rd, Suffolk, VA 23434
      View Details
    • $440,000
      4,150 SF

      Suffolk Multifamily Investment Opportunity

      Income-producing multifamily property in Suffolk, ideal for investors.
      316 W Washington St, Suffolk, VA 23434
      View Details
    • $650,000
      4,865 SF

      Suffolk Clinic with Flexible Layout

      Landmark clinic with surgical suite, stalls, and development potential.
      2451 Lake Cohoon Rd, Suffolk, VA 23434
      View Details
    • $299,000
      1,500 SF

      Downtown Suffolk Office Building For Sale

      Office building in vibrant downtown Suffolk, near restaurants and retail.
      314 W Washington St, Suffolk, VA 23434
      View Details
    • $180,000
      2,728 SF

      Suffolk Multifamily Investment Opportunity

      Income-producing multifamily property in Suffolk, ideal for investors.
      129 Chestnut St, Suffolk, VA 23434
      View Details
    • $1,450,000
      23,594 SF

      Suffolk Commercial Building For Sale

      Eight-story commercial building in downtown Suffolk, prime real estate opportunity.
      112 W Washington St, Suffolk, VA 23434
      View Details
    • $265,000
      3,040 SF

      Suffolk Income-Producing Multifamily Property

      Suffolk multifamily property with strong cash flow and long-term upside.
      113 Chestnut St, Suffolk, VA 23434
      View Details
    • Contact for pricing
      80,000 SF

      80,000 SF Warehouse with Yard

      80,000 SF Class A warehouse with laydown yard.
      1100 Enterprise Dr, Suffolk, VA
      View Details
    • $7,400,000
      126,733 SF

      Suffolk Industrial Property Near Port

      126,733 SF industrial building near the Port of Virginia.
      1368 Progress Rd, Suffolk, VA 23434
      View Details
    • $439,900
      2,723 SF

      Downtown Suffolk Commercial Space Available

      Versatile commercial space in downtown Suffolk with excellent road frontage.
      438 N Main St, Suffolk, VA 23434
      View Details

    FAQs

    What type of property is this?
    Agricultural land - Prime agricultural land with water access in Suffolk, Virginia.
    Where is this agricultural land located?
    The property is located at 21 Acr Kings Hwy Suffolk, VA.
    What is the asking price?
    The asking price for this property is $1,529,900.
    What are key features of this property?
    This property features: - 21 acres of prime agricultural land with development potential. Consider estate, equestrian, farm, or retreat possibilities.; - Waterfront property backing to Cedar Creek, a tidal tributary, offering water views and boating access.; - Approximately 1,000 feet of road frontage and surrounded by water on three sides, providing privacy and scenic views.
    (757) 539-9866
    Request Owner's contact information
    21 Acr Kings Hwy Suffolk, VA 23432
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21 Acr Kings Hwy
    Suffolk, VA 23432
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21 Acr Kings Hwy Suffolk, VA 23432
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Alan Cole
    (757) 539-9866
    Learn more
    Google sign-in failed. Please try again or use another login method.