127 Philhower Drive Suffolk, VA 23434
COMMERCIAL - Suffolk, VA
Property Features for 127 Philhower Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M-2 COM
- Parking features
- Off Street, Paved or Surfaced
- Standard status
- Active
- Size
- 1,088 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1364
Utilities
- Cooling system
- Wall/Window Unit(s)
Building Details
- Year built
- 1959
- Roof type
- Shingle
Listing agent Matthew Spencer (757) 374-0707
Listing office Rock Steady Group 1548A Holland Rd. Ste 201, Suffolk, VA (757) 538-7500
Listing date Jan 16, 2026
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Investment Insights
Based on property information with market context.
The property is located close to an expanding and growing area near other M-2 properties, and it is described as being near Route 58 and other major interstates and highways. Inquire with the city regarding residential uses and other potential uses.
The property is located next to a single-family dwelling, and any future plans should be reviewed for compliance with applicable zoning requirements.
Key Highlights
- M‑2 heavy industrial lot with 107' road frontage on 0.32 acres
- Mostly cleared lot previously used as a 2‑bedroom, 1‑bath residential house
- Cooling: wall/window unit(s)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.5k | $19.80 |
| − Vacancy | −$1.4k | −$1.29 |
| EGI | $20.1k | $18.51 |
| − OpEx | −$9.1k | −$8.33 |
| NOI | $11.1k | $10.18 |
