Building Details

Year Built 2016

Units 224

Listing Agency: Advanced Real Estate, LLC v***@nmrk.com Show Phone

Listed By: Victoria Pickett · License #475160087

Source: Nmrk

Added: Jan 27 Changed: Aug 21 Last Checked: Aug 22 at 3:41AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Advanced Real Estate, LLC

Investment Insights

Based on property information with market context.

This premier Class A apartment community is situated in Suffolk, Virginia, identified as the fastest-growing city in the Hampton Roads area and the fifth fastest-growing city overall in Virginia.

Key Highlights

• Premier Class A apartment community
• Located in Hampton Roads’ fastest growing city
• Located in Virginia’s 5th fastest growing city

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Hair Salon Grocery & Convenience Store (Bike/Boat/Book/etc) Store Nail Salon Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Explore this area Business Placement

Demographics for 23434, VA

51,430

Population

21,764

Households

2.4

Avg Household Size

39

Median Age

26%

College-Educated

90%

High-School Grad

206.8 sq mi

ZIP Area

249

Density / Sq Mi

$75,798

Median Household Income

$47,291

Median Earnings

$1,242

Median Rent

$293,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Class A apartment community in Virginia's rapidly growing Suffolk.

Where is this apartment building located?

The property is located at 1000 Meridian Obici Way Suffolk, VA.

What are key features of this property?

This property features: Premier Class A apartment community; Located in Hampton Roads’ fastest growing city; Located in Virginia’s 5th fastest growing city