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    4689 Shoulders Hill Rd Suffolk, VA 23435

    For Sale
    $10,900,000

    Exceptional investment opportunity: large acreage, ideal location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This expansive 351-acre property presents a remarkable investment opportunity in Suffolk, Virginia's thriving Northeast Corridor. Currently zoned M2, this sizable parcel offers significant potential for a variety of commercial and industrial uses. The land boasts frontage on both the east and west sides of Shoulders Hill Road, providing excellent visibility and accessibility. Its strategic location offers convenient proximity to the Northgate Industrial Park, a significant advantage for businesses seeking efficient logistics and distribution networks. Furthermore, the property's close proximity to Route 664 ensures seamless connectivity to the entire Hampton Roads region, facilitating easy access to major transportation arteries and a large workforce. The existing infrastructure and zoning regulations make this property particularly attractive for developers and investors seeking a large-scale project with substantial growth potential. The sheer size of the land, combined with its prime location and favorable zoning, positions this property as a highly sought-after asset in a rapidly developing area. This is a rare opportunity to acquire a significant landholding in a key location within the Hampton Roads metropolitan area. Serious inquiries are encouraged.

    Property Features for 4689 Shoulders Hill Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    15,289,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Clothing Store Gym & Fitness Department Store Food Market Storage Facility HVAC Service Garden Center Electronics Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    SUFFOLK
    State
    Virginia
    Longitude
    -76.46504
    Latitude
    36.83261

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    FAQs

    What type of property is this?
    Commercial real estate - Exceptional investment opportunity: large acreage, ideal location.
    Where is this commercial real estate located?
    The property is located at 4689 Shoulders Hill Rd Suffolk, VA.
    What is the asking price?
    The asking price for this property is $10,900,000.
    (757) 481-8448
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    4689 Shoulders Hill Rd Suffolk, VA 23435
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